Lawrence Shaw was convicted of federal bank fraud after he stole $300,000 from the checking account of Stanley Hsu. Shaw doesn't deny that he took the cash, but he does object to the bank fraud conviction. He can't, Shaw argues, have defrauded a bank, since he had no specific intent to cheat the bank itself. He just wanted Hsu's cash.
The Supreme Court rejected that argument on Monday, ruling unanimously that Shaw's contention that he wasn't cheating the bank, only the bank's customer, didn't save him from the reach of the bank fraud law.