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Jeffrey Benjamin: Understanding Fraud Law and How to Determine a Fraudulent Intent

What is the meaning of fraud law? Fraud law typically covers all sorts of crimes and civil tort actions to punish people who are obtaining money, property, and other benefits through deceit. In the criminal context, fraud is charged as a felony wherein it can result in incarceration for one year or more. The criminal penalties of fraud may include victim reimbursement or restitution, statutory fines, loss of civil rights, and community service. It can be difficult proving fraud. The victim suffers from loss and financial records help in proving it. The actions of the defendant may also obviously caused the loss of the victim. In any fraud case, what is hard is proving the intention of the defendant.

In the United States, a substantial percentage of the convictions involve fraud each day. The most common are check and credit card fraud. Although there is a misconception that an intention to bounce a check is more or less tolerated by the law enforcement, repeated offenders may result in significant jail period. Credit card fraud refers to the use of someone else’s credit card without his or her permission. The person who commits the credit card fraud may have stolen the credit card, or obtained through phishing or gas pump someone else’s account number through different online platforms. The fraudster use the account to buy goods or services, or to remove money from the ATM. Aside from credit card and check offenses, financial fraud can also come in the form of money laundering, counterfeiting, investments schemes, prize or sweepstakes fraud, foreclosure and mortgage scams, and more. The non-financial fraud include overseas romance schemes to gain immigration benefits and identity theft.

There are many other types of fraud and there is a constant change in the development of new tactics by scammers and fraudsters. Victims of fraud may be able to still recover the money they lost on the final decision of a criminal case, given that the defendant has been convicted and the judge orders full reimbursement or restitution to be paid. Due to prosecutorial errors, a defendant may go unpunished even if there is overwhelming evidence, so hire the best lawyer to help you. If you are looking for a trusted, reliable, and experienced lawyer to help you with a fraud case, we can help you by visiting our website or homepage now. Recover from your losses by seeking the help and expertise of a lawyer. Protect yourself and your family from potential financial loss, seek an expert lawyer to rule out a fraudulent intent and report it to the authorities right away. Stop fraud by being aware and knowledgeable about the things you can do as a private citizen.

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