Jeffrey Benjamin: Understanding Your Rights Under Fraud Law
What is the coverage of 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. 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. Fraud or fraudulent intent is hard to prove, ever for prosecutors and government investigating agencies. Financial records help in proving the victim’s loss. 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.
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 account is then used to remove money from the ATM or to purchase products and services. 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. It is important to hire a lawyer to protect your rights and best interests because fraud victims need to ensure that criminals are sentenced and full restitution must 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. We can help you in finding a trusted, reliable, and experienced lawyer, feel free to check our homepage or website 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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