S.B. 2793

# S.B. 2793 Analysis S.B. 2793 creates a new crime in Mississippi law called "financial institution accounts fraud," which makes it illegal to use false pretenses, fraudulent schemes, electronic devices, or coercion to withdraw money from banks, credit unions, or brokerage accounts or to cause these institutions to transfer funds. The bill establishes a tiered penalty structure based on the amount defrauded: amounts under $1,000 are misdemeanors punishable by fines and/or up to six months in jail, while amounts of $1,000 or more are felonies with sentences ranging from five to twenty years depending on whether the fraud involves $1,000–$5,000, $5,000–$25,000, or $25,000 or more. The law also clarifies that prosecutors can pursue charges in any county where the fraud originated, was delivered, or had any part of the scheme executed, and it takes effect on July 1, 2026.