MS SB2793

Creates a new criminal offense of "financial institution accounts fraud" for using false pretenses, fraudulent schemes, electronic devices, or coercion to withdraw, transfer, or take money from financial institutions or their customers.

Fraud under $1,000 is a misdemeanor punishable by up to $1,000 fine and/or 6 months imprisonment.

Fraud between $1,000 and $5,000 is a felony with up to $10,000 fine and/or 5 years imprisonment; fraud between $5,000 and $25,000 carries up to 10 years imprisonment.

Fraud of $25,000 or more is punishable by up to $10,000 fine and/or 20 years imprisonment.

Prosecution venue may be in the county where the transmission originated, was received, or where any act furthering the scheme occurred; effective July 1, 2026.