Jeffrey Benjamin: Understanding Fraud Law and How to Determine a Fraudulent Intent
What does it mean by 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. The actions of the defendant may also obviously caused the loss of the victim. What is hard to prove is the intention of the defendant to commit fraud.
In the United States, a substantial percentage of the convictions involve fraud each day. Credit card and check fraud are the most common types of fraud convictions happening in the United States. 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 happens when an individual uses a card that belongs to someone else without the owner’s permission. The individual may have stolen the credit card from the owner or the account number was obtained through different schemes, such as skimming card information from phishing or a gas pump. Then the account is used in purchasing goods and services, or in removing money from an 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.
Criminals doing fraudulent transactions are often not caught because they tend to change tactics and innovate methods of committing fraud or scams. Hiring a lawyer can help you achieve justice and recover from your loss through the judge ordering full reimbursement or restitution and conviction of the defendant. Some defendants go unpunished even with overwhelming evidence because of prosecutorial errors, that’s why it is important to hire the right 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. It is best to seek the help and expertise of a lawyer to help you recover for your loss. 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. Stop fraud by being aware and knowledgeable about the things you can do as a private citizen.