PUBLISHED

UNITED STATES COURT OF APPEALS
                 FOR THE FOURTH CIRCUIT


UNITED STATES OF AMERICA,               
                 Plaintiff-Appellee,
                  v.                               No. 01-4725
CHARLESZETTE ARDEL BRANDON,
              Defendant-Appellant.
                                        
            Appeal from the United States District Court
         for the Eastern District of Virginia, at Alexandria.
                   T. S. Ellis, III, District Judge.
                          (CR-01-107-A)

                        Argued: May 9, 2002

                       Decided: August 2, 2002

       Before TRAXLER, Circuit Judge, C. Arlen BEAM,
    Senior Circuit Judge of the United States Court of Appeals
         for the Eighth Circuit, sitting by designation, and
      Robert E. PAYNE, United States District Judge for the
       Eastern District of Virginia, sitting by designation.*



Affirmed by published opinion. Judge Traxler wrote the opinion, in
which Judge Beam joined.

  *This appeal was initially assigned to a panel consisting of Judge
Traxler, Judge Beam, and Judge Robert E. Payne, United States District
Judge for the Eastern District of Virginia. Judge Payne disqualified him-
self from sitting on this case. The appeal was heard and decided by a
quorum of the assigned panel. See 28 U.S.C.A. § 46 (West 1993 & Supp.
2002).
2                     UNITED STATES v. BRANDON
                              COUNSEL

ARGUED: Matthew Alan Wartel, BYNUM & JENKINS, P.L.L.C.,
Alexandria, Virginia, for Appellant. Morris Rudolph Parker, Jr.,
Assistant United States Attorney, Alexandria, Virginia, for Appellee.
ON BRIEF: Paul J. McNulty, United States Attorney, Alexandria,
Virginia, for Appellee.


                              OPINION

TRAXLER, Circuit Judge:

   Charleszette Ardel Brandon pled guilty to bank fraud. See 18
U.S.C.A. § 1344 (West 2000). She appeals, arguing that the district
court erroneously denied her motion to dismiss the indictment. We
affirm.

                                   I.

   Brandon was charged with, and ultimately pled guilty to, federal
bank fraud for engaging in a scheme whereby she stole blank checks
from six individuals who each maintained a checking account at one
of the federally-insured banks listed in the indictment. Brandon then
procured picture identification cards bearing the name of each indi-
vidual account holder, forged the signatures of the account holders on
the stolen checks, and negotiated the checks to purchase various items
from merchants in Virginia and Maryland. Each of the six counts of
bank fraud charged in the indictment is based on a single stolen check
that Brandon negotiated in exchange for merchandise.

   Prior to trial, Brandon filed a motion to dismiss the indictment,
arguing that the facts alleged in the indictment, even if true, did not
constitute bank fraud under § 1344. Relying on our decision in United
States v. Orr, 

(4th Cir. 1991), Brandon contended that
the indictment failed to allege sufficient facts to support a charge of
bank fraud under § 1344 because Brandon’s scheme involved present-
ing the stolen checks to the retail merchants rather than directly to the
banks. Thus, Brandon argued that "the fraud victims here are the retail
                       UNITED STATES v. BRANDON                         3
merchants" instead of the banks. J.A. 16. The district court denied the
motion. The court disagreed that Orr was controlling and concluded
that the allegations contained in the indictment sufficiently set forth
the essential elements of an offense under both § 1344(1) and
§ 1344(2). Brandon then entered a conditional guilty plea to count 2
of the indictment which was based on a check that was drawn on an
account at HEW Federal Credit Union.1 Brandon reserved her right
to appeal the district court’s denial of her motion to dismiss the indict-
ment. See Fed. R. Crim. P. 11(a)(2). Brandon brings that appeal now.

                                   II.

   We review the district court’s ruling on a motion to dismiss an
indictment de novo. See United States v. Loayza, 

, 260
(4th Cir. 1997). "[A]n indictment is sufficient if it, first, contains the
elements of the offense charged and fairly informs a defendant of the
charge against which he must defend, and, second, enables him to
plead an acquittal or conviction in bar of future prosecutions for the
same offense." Hamling v. United States, 

, 117 (1974).
Usually "an indictment is sufficient if it alleges an offense in the
words of the statute," United States v. Wicks, 

, 427 (4th
Cir. 1999), as long as the words used in the indictment "fully,
directly, and expressly, without any uncertainty or ambiguity, set
forth all the elements necessary to constitute the offence," 

(internal quotation marks omitted). However, simply
parroting the language of the statute in the indictment is insufficient.
When the words of a statute are used to describe the offense gener-
ally, they "must be accompanied with such a statement of the facts
and circumstances as will inform the accused of the specific offence,
coming under the general description, with which he is charged." 

(internal quotation marks omitted). Thus, the indictment
must also contain a "statement of the essential facts constituting the
offense charged." Fed. R. Crim. P. 7(c)(1) (emphasis added); see
United States v. Smith, 

, 1263 (4th Cir. 1995).
  1
   Pursuant to Brandon’s plea agreement, the United States filed, and the
district court granted, a motion to dismiss the remaining counts in the
indictment.
4                     UNITED STATES v. BRANDON
                                  III.

  Brandon was indicted on six counts of bank fraud under 18
U.S.C.A. § 1344. That section provides:

    Whoever knowingly executes, or attempts to execute, a
    scheme or artifice—

         (1) to defraud a financial institution; or

         (2) to obtain any of the moneys, funds, credits,
         assets, securities, or other property owned by, or
         under the custody or control of, a financial institu-
         tion, by means of false or fraudulent pretenses,
         representations, or promises;

    shall be fined not more than $1,000,000 or imprisoned not
    more than 30 years, or both.

   The indictment charges that Brandon "knowingly and intentionally
execute[d] a scheme and artifice" to (1) "defraud NationsBank, First
Union National Bank, Industrial Bank, Bank of America, Crestar
Bank, and the HEW Federal Credit Union" and (2) "obtain moneys
and funds owned by and under the custody and control of" the speci-
fied banks "by means of false and fraudulent pretenses, representa-
tions, or promises." J.A. 9. Thus, the indictment obviously tracks the
statutory text of § 1344 which, as we observed, is generally enough
for the indictment to survive a motion to dismiss, see 

, if it contains a sufficient "statement of the facts and circum-
stances [to] inform the accused of the specific offence . . . with which
he is charged," 

-18 (internal quotation marks
omitted).

  The two subsections contained in § 1344 proscribe slightly differ-
ent conduct, but a person may commit bank fraud by violating either
subsection. See United States v. Colton, 

, 897 (4th Cir.
2000); see also United States v. Celesia, 

, 758 (4th Cir.
1991) ("[O]ne may commit a bank fraud under Section 1344(1) by
defrauding a financial institution, without making the false or fraudu-
                       UNITED STATES v. BRANDON                         5
lent promises required by Section 1344(2)."). Section 1344(1) prohib-
its the use of a scheme or artifice to defraud a bank. In order to prove
a violation of section 1344(1), the government must demonstrate that
the accused executed a scheme to defraud a federally insured or char-
tered bank and that the accused did so knowingly.2 See United States
v. Akers, 

, 1100 (10th Cir.), cert. denied, 

(2000) ("[T]he elements of bank fraud are: (1) that the defendant
knowingly executed or attempted to execute a scheme (i) to defraud
. . .; (2) that the defendant did so with the intent to defraud; and (3)
that the financial institution was then insured by the Federal Deposit
Insurance Corporation." (internal quotation marks omitted)); United
States v. Yoon, 

, 522 (7th Cir. 1997) ("[T]he indictment
. . . must allege (1) that [the defendant] (2) knowingly (3) engaged in
a scheme to defraud the banks.").

   The "scheme to defraud" clause of Section 1344(1) is to be inter-
preted broadly, 

, and requires that the
defendant act with the "specific intent to deceive or cheat, . . . for the
purpose of getting financial gain for one’s self or causing financial
loss to another," United States v. Moede, 

, 241 (7th Cir.
1995). Under the plain terms of § 1344(1), the government must
prove that the defendant intended to deceive a bank through the
scheme. See, e.g., United States v. Kenrick, 

, 26-27 (1st
Cir.) (en banc), cert. denied, 

(2000); United States v.
Stavroulakis, 

, 694 (2nd Cir. 1992). "Because § 1344
focuses on the bank, rather than on the potential victims, a conviction
under § 1344 is not supportable by evidence merely that some person
other than a federally insured financial institution was defrauded in a
way that happened to involve banking, without evidence that such an
institution was an intended victim." United States v. Laljie, 

, 189-90 (2nd Cir. 1999). However, "[t]he bank need not be the
immediate victim of the fraudulent scheme," United States v. Crisci,

, 240 (2nd Cir. 2001) (per curiam) (internal quotation
marks omitted), and the victim bank need not have suffered an actual
loss; it is sufficient for the government to show "that a financial insti-
tution [was] exposed to an actual or potential risk of loss." 

(internal quotation marks omitted); see also Akers,
  2
   The indictment here also alleges that each of the banks listed was "in-
sured by the Federal Deposit Insurance Corporation." J.A. 9.
6                     UNITED STATES v. 

(explaining that in order to sustain "a § 1344 convic-
tion the government does not have to prove the bank suffered any
monetary loss, only that the bank was put at potential risk by the
scheme to defraud" (internal quotation marks omitted)); United States
v. Young, 

, 1257 (10th Cir. 1991) (noting that a bank
is exposed to a risk of loss when the defendant’s conduct exposes the
bank to civil litigation).

   The allegations of the indictment clearly inform Brandon of con-
duct which, if proven by the government, would constitute a "scheme
to defraud" the banks. The indictment alleges that Brandon stole
checks from legitimate accounts, forged the account holder’s signa-
ture on the checks, and then presented the forged instruments to mer-
chants who exchanged goods for the funds held by the drawee banks.
Clearly, the indictment charges Brandon with conduct that satisfies
the requirement that she engage in a scheme to defraud a bank since
an inevitable part of this process is the eventual presentation of the
stolen and forged checks to the drawee banks, which exposes the
banks to a potential risk of loss. See 

("Presentation to a financial institution of a fraudulent document that
exposes the institution itself to a potential loss if the document be
honored and funds be released, such as a forged or altered document,
is within the scope of § 1344."); 

("In
most forgery situations, the bank will be legally liable, and, . . . even
in . . . those situations where the bank is not legally liable for paying
over a forged signature, the bank will often swallow the loss for the
customer."); United States v. Lemons, 

, 315-16 (5th Cir.
1991) (per curiam) (bank was subjected to a risk of loss from a forged
endorsement even though the bank suffered no harm).

   Moreover, a "defendant’s knowing negotiation of a bank check
bearing a forged endorsement" satisfies the requirement "that a bank
[be] an actual or intended victim of defendant’s scheme," even if the
forged instrument is presented to a third party and not directly to a
bank. 

(internal quotation marks omitted); see
United States v. Jacobs, 

, 92-93 (2nd Cir. 1997) (explain-
ing that "for the bank fraud statute to apply, the fraud must be against
the bank" but noting that "a scheme can be primarily directed at a
third party and still give rise to bank fraud"). As the Second Circuit
recently explained,
                      UNITED STATES v. BRANDON                        7
    [A] rational jury could find that [the defendant] intended to
    harm a bank when he cashed seventeen fraudulent checks
    with forged endorsements, even though defendant physi-
    cally presented the forged checks to [a merchant] and not a
    bank. The jury could infer that inherent in [the defendant’s]
    transactions with [the merchant] was the risk that the forged
    checks would be presented to a bank for payment. . . . [The
    defendant] is not relieved of criminal liability for bank fraud
    because his primary victim was [not a bank].

. For the same reasons, a defendant dealing in
stolen blank checks falls within the ambit of § 1344(1):

    [B]y charging a scheme to traffic in stolen, blank checks, the
    indictment accused defendant of engaging in a course of
    intentionally deceptive conduct directed at the drawee bank.
    Blank checks are of no value unless and until they are
    passed through the drawee bank . . . . Inherent in a sale of
    stolen checks is that they will eventually be presented to the
    drawee bank for payment; and payment over a forged signa-
    ture exposes the bank to real loss [because in] most forgery
    situations, the bank will be legally liable . . . .

(emphasis added). We conclude that the
fact that the indictment does not charge that Brandon presented the
forged checks directly to the banks does not make the indictment
infirm. Brandon’s scheme exposed the drawee banks to potential loss
in that she stole checks from existing bank accounts, forged the
account holder’s signature, and then injected the forged instruments
into the stream of commerce. An inherent part of this scheme was that
the forged checks would eventually be presented to the drawee banks,
exposing the banks to a risk of loss. Accordingly, we hold that the
indictment sufficiently charges the elements of bank fraud under
§ 1344(1) and the essential circumstances of Brandon’s underlying
conduct.

   Brandon argues, however, that this case is controlled by our deci-
sion in United States v. Orr, 

(4th Cir. 1991), which
holds that simply passing a "bad check" — that is, drawing a check
on an account that does not contain sufficient funds to cover the check
8                     UNITED STATES v. BRANDON
— does not constitute federal bank fraud under § 1344. See 

In Orr, the bank refused to honor a number of checks defendants
negotiated to various retailers and ultimately returned the checks for
lack of sufficient funds. We concluded that there was insufficient evi-
dence to support the jury’s conclusion that the defendants had exe-
cuted a scheme to defraud the banks, as opposed to the merchants,
because "[t]he account was, albeit for a short time, an active account,
traded upon in proper fashion until its funds ran out." 

presents an entirely different scenario than did Orr. We
view Orr as establishing merely that a routine bad check case does
not come within the scope of § 1344 where the defendant passes to
a merchant a check from an account for which the defendant is an
authorized signatory and the drawee bank refuses to honor the check
for lack of sufficient funds. By contrast, Brandon is obviously neither
an account holder nor an authorized signatory on the accounts she
used. She stole the checks and forged the signatures, setting in motion
the eventual presentation of the forged instruments to the drawee
banks and exposing the banks to potential liability to the legitimate
account holders. There is a clear distinction between a check that
bears an authorized signature and a check that bears a forged signa-
ture or has been altered in some way. When the drawer has simply
overdrawn the account, the government must present "other facts
evincing an intent to victimize the financial institution" to sustain a
bank fraud charge under § 1344. 

(internal quo-
tation marks omitted). However, the presentation of a forged or
altered instrument is evidence, in and of itself, of an intent to defraud
a bank. See 

(affirming defendant’s bank fraud conviction
based on checks that she had physically altered as to the amount but
reversing conviction based on checks that defendant deceived maker
into paying to defendant’s husband where there was no evidence that
the checks had been altered or that the signature was not genuine).
Brandon’s insistence that the indictment merely states a run-of-the-
mill scheme to pass bad checks ignores an obvious and critical dis-
tinction between her conduct and that present in Orr — Brandon
forged the signatures on checks that she stole from account holders.
By contrast, the checks at issue in Orr bore an authorized signature.
Brandon’s reliance on Orr is misplaced.
                      UNITED STATES v. BRANDON                        9
                                  IV.

   The indictment also charges that Brandon’s conduct violated
§ 1344(2) in that it constituted "a scheme and artifice . . . to obtain
moneys and funds owned by and under the custody and control of [the
specified banks] by means of false and fraudulent pretenses, represen-
tations, or promises." J.A. 9. Brandon does not argue that her conduct
does not qualify as "false or fraudulent pretenses, representations, or
promises" under § 1344(2). See United States v. Miller, 

,
1355 (D.C. Cir. 1995) (noting that a forged signature qualifies as a
fraudulent misrepresentation under § 1344). Rather, Brandon con-
tends that § 1344(2) requires that she make "false representations . . .
aimed at obtaining the property of the federally chartered institution,"
but that her scheme, as charged by the indictment, "was solely
directed towards getting the property of the retailers." Brief of Appel-
lant at 17. Given our conclusion that the indictment sufficiently
charges Brandon with conduct that violates § 1344(1), we need not
address this argument since the indictment charges in the conjunctive
violations of § 1344(1) and § 1344(2). "Where a statute specifies sev-
eral alternative ways in which an offense can be committed, the
indictment may allege the several ways in the conjunctive, and a con-
viction thereon will stand if proof of one or more of the means of
commission is sufficient." United States v. Harvard, 

,
420 (5th Cir. 1997) (internal quotation marks omitted) (analyzing an
indictment charging bank fraud under both subsections of § 1344);
see Turner v. United States, 

, 420 (1970) (reaffirming the
principal that where an indictment charges several acts in the conjunc-
tive, a guilty verdict stands if the evidence is sufficient with respect
to any one of the acts charged).

                                  V.

  For the foregoing reasons, we conclude that the indictment against
Brandon was legally sufficient and we affirm the decision below.

                                                           AFFIRMED