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No. 23-1095October Term 2024Decided Mar 21, 2025

Docket 23-1095October Term 2024 (2024–2025)

Patrick D. Thompson, Petitioner v. United States

The Supreme Court ruled that a federal statute prohibiting false statements to financial institutions does not criminalize statements that are merely misleading but factually true.

Case status

Current stage
Decided
Latest event
Decision released Mar 21, 2025
Case AcceptedOct 4, 2024
Arguments HeardJan 14, 2025
Decision ReleasedMar 21, 2025
What it's about

The Supreme Court ruled that a federal statute prohibiting false statements to financial institutions does not criminalize statements that are merely misleading but factually true. The Court held that the word "false" in 18 U.S.C. § 1014 means "not true," and therefore the law does not cover deceptive statements that are technically accurate.

Question presented

Does the prohibition in 18 U.S.C. § 1014 on making a “false statement” for the purposes of influencing certain financial institutions and federal agencies include making statements that are misleading but not false?

Case path

United States Court of Appeals for the Seventh Circuit / Decision released Mar 21, 2025

Area

Decided Supreme Court case