May 22, 02:16 PM

Supreme Court Unanimously Upholds Wire Fraud Convictions in Philadelphia Contractor Diversity Case

The U.S. Supreme Court unanimously ruled 9-0 in Kousisis v. United States that lying to induce another party to enter a business transaction is illegal, even if the victim suffers no financial harm. The case involved government contractors in the Philadelphia area who were convicted of wire fraud for failing to comply with a contract provision aimed at promoting diversity. The contractors falsely claimed to use a minority-owned subcontractor as part of a state transportation program designed to encourage diversity. The Court upheld the convictions and rejected challenges to the government's "fraudulent inducement" theory, affirming that misrepresentations in business dealings can constitute wire fraud regardless of financial loss.

#Kousisis #United States #Philadelphia #Court

Written with ChatGPT (GPT-4).

Sources

National Law Journal@TheNLJ
7 months ago
Supreme Court Affirms Fraud Conviction of Business That Lied About Using Minority-Owned Subcontractor https://t.co/z0rEbbQCN5
Bloomberg Law@BLaw
7 months ago
The US Supreme Court left in place a state contractor’s wire fraud convictions Thursday, rejecting arguments challenging the government’s “fraudulent inducement” theory. https://t.co/OKkMmzhwns
The Washington Post@washingtonpost
7 months ago
Breaking news: The Supreme Court upheld the conviction of a government contractor found guilty of defrauding a state transportation program designed to promote diversity. https://t.co/QfHC00rpSw

Supreme Court Unanimously Upholds Wire Fraud Convictions in Philadelphia Contractor Diversity Case

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