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

What is the meaning of fraud law? Fraud law refers to addressing situations wherein people wrongfully obtain benefits, money, and property by 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. Financial records are available to help prove that the victim suffered a loss. It can be obvious that the victim’s loss resulted from the actions of the defendant. In any fraud case, what is hard is proving the intention of the defendant.

Each day, a substantial percentage of the convictions involve fraud in the United States. Credit card and check fraud are the most common types of fraud convictions happening in the United States. 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 a person uses a credit card belonging to someone else 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. Then the account is used in purchasing goods and services, or in removing money from an 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 examples of 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. 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. Stop fraud by being aware and knowledgeable about the things you can do as a private citizen.