Kousisis v. United States | Case No. 23-909 | Date Argued: 12/9/24

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

The Questions Presented are:

1. 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.

2. Whether all contract rights are "property."