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

What does it mean by fraud law? Fraud law covers civil torts and crimes addressing the different situations wherein a person wrongfully acquires property, money, or 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. Fraud or fraudulent intent is hard to prove, ever for prosecutors and government investigating agencies. 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. The most common types of convictions involving fraud are credit card and check fraud. For those people who are intentionally “bouncing” checks, the legal system ensures that repeat offenders will go to jail even there is a misconception that this is well-tolerated by the law enforcement. Credit card fraud happens when an individual uses a card that belongs to someone else without the owner’s 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 including investments schemes, money laundering, prize or sweepstakes fraud, foreclosure and mortgage scams, counterfeiting, and more. Identity theft and overseas romance schemes to gain immigration benefits are the examples of non-financial fraud.

Criminals doing fraudulent transactions are often not caught because they tend to change tactics and innovate methods of committing fraud or scams. 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. It is essential to hire the best lawyer to help you so the defendant will no go unpunished even with overwhelming evidence. If you are looking for a lawyer to help you with a fraud case, allow us to help you out, feel free to visit our website or homepage now. It is best to seek the help and expertise of a lawyer to help you recover for your loss. 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. Come and join millions of people and be aware of the fraud.