Federal fraud after Kousisis
This is part of SCOTUSblog’s term in review series, in which scholars analyze some of the most significant cases of the 2024-25 Supreme Court term.
In Kousisis v. United States, decided on May 22, the Supreme Court considered the breadth of federal wire and mail fraud offenses and unanimously rejected a requirement that a fraud victim suffer a net economic loss. Instead, the court focused on whether the fraudster’s misrepresentations were material – that is, whether they would have affected the victim’s decision to engage in the fraudulent transaction in the first place.
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