[AmericanChopper]

The type of fraud you described (or at least a very close version of it) is already possible, and happens all the time. The way they manage this is that wire fraud is a federal crime, that will land you with a lot more prison time than you might think.

[rwmurrayVT]

Wire fraud has no mandatory minimum and depending on the transaction value the sentencing guidelines are very light. The killer is ID theft which carries 24 month mandatory minimum with no ability to run concurrently with any other charge.

[AmericanChopper]

My point simply being that most of these types of fraud are rather easy to commit, but actually quite hard to get away with, and the consequences can be very severe. I’ve worked with quite a few US financial institutions, and a lot of their fraud investigations end up with arrest warrants.