S.Ct. Accepts Mail/Wire Fraud Case that Explores "Property"

The Supreme Court accepted the following case today:

23-909 KOUSISIS V. UNITED STATES DECISION BELOW: 82 F.4th 230 CERT. GRANTED 6/17/2024

QUESTION PRESENTED: The circuits are split 6-5 on the validity of the fraudulent inducement theory of mail and wire fraud.

The Questions Presented are: Whether deception to induce a commercial exchange can constitute mail or wire fraud, even if inflicting economic harm on the alleged victim was not the object of the scheme. Whether a sovereign's statutory, regulatory, or policy interest is a property interest when compliance is a material term of payment for goods or services. Whether all contract rights are "property."

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