I have a friend in federal law enforcement that deals with crypto and financial crimes. He explains it like this: "First, I need to get a 65 year old Federal p

I have a friend in federal law enforcement that deals with crypto and financial crimes. He explains it like this: "First, I need to get a 65 year old Federal prosecutor to understand what this case is about. Then, they need to be able to potentially argue the case in court and to a jury that almost always has no idea what any of this means." He goes on to say that wire fraud is essentially a universal catch-all charge that distills the crux/burden of the case to two facts: 1) They committed fraud. 2) They touched a computer while doing it. These two points are much easier to argue, prove, and most importantly get a jury to understand (and convict on). Even though most federal prosecutions result in a plea deal of some sort the simplicity of arguing and proving wire fraud results in a much higher rate of success for a favorable plea deal and/or the threat of going to trial with a crime that's so easy to prove.