In Break from Recent Precedent, Supreme Court Embraces Broad Interpretation of Federal Wire Fraud Statute

• In Kousisis v. United States, the Supreme Court held that a defendant may be convicted of wire fraud under 18 U.S.C. § 1343 even if the victim suffers no economic loss and receives the promised goods or services.
• The decision marks a shift from recent Supreme Court rulings and could have wide-ranging implications for corporate criminal enforcement.

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