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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. Fraud is charged as a felony in the criminal context, wherein incarceration for a year or more can be a result of the conviction. 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. It can be obvious that the victim’s loss resulted from the actions of the defendant. The defendant’s intent to defraud the victim is the hard part of any fraud case.
Each day, a substantial percentage of the convictions involve fraud in the United States. The most common types of convictions involving fraud are credit card and check fraud. In contrary to the misconception that intentionally “bouncing” checks is more or less tolerated by law enforcement, the legal system ensures that repeat offenders will go to jail. Credit card fraud refers to the use of someone else’s credit card without his or her permission. Credit card fraud happens when a person fraudulently obtained the account number through fishing using a fake internet site, stolen the card from the owner or skimmed card information from a gas pump. The fraudster use the account to buy goods or services, or to remove money from the ATM. There are other types of financial fraud aside from credit card and check offenses such as money laundering, counterfeiting, foreclosure and mortgage scams, investments schemes, prize or sweepstakes fraud, and more. The examples of non-financial fraud include overseas romance schemes to gain immigration benefits and identity theft.
Many fraudsters and scammers are not caught because criminals tend to use technology and getaway easily. 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. Don’t let allow those fraudsters to get away with their actions, seek a lawyer’s advice now. If you are suspecting fraudulent transactions of activities, report it to the authorities, gain as many pieces of evidence possible and seek the help of an expert lawyer. Equip yourself with the right knowledge and stop fraud.