Penalties depend on the amount involved. Fraud involving $750 to $20,000 is a third-degree felony (up to 5 years). Fraud involving $20,000 to $100,000 is a second-degree felony (up to 15 years). Fraud exceeding $100,000 is a first-degree felony (up to 30 years). Federal fraud charges carry up to 20 or 30 years per count depending on the specific statute.