The issue the U.S. Supreme Court will decide in Percoco v. United States, is whether a private citizen who has informal political or other influence over governmental decisionmaking, owes a fiduciary duty to the general public and can be convicted of honest-services fraud.
Continue readingSupreme Court to Decide Scope of Federal Wire Fraud Law
ed States the U.S. Supreme Court will decide whether the “right-to-control” theory of fraud — which treats the deprivation of complete and accurate information bearing on a person’s economic decision as a type of property fraud — is a valid basis for liability under the federal wire fraud statute.
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