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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 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. There are different criminal penalties of fraud including statutory fines, loss of civil rights, community service, and victim reimbursement or restitution. It can be difficult proving fraud. The victim suffers from loss and financial records help in proving it. It may also be clear that the loss of the victim 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. 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 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. 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. 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. 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. Fight for your rights and protect yourself from fraudsters and scammers now. Come and join millions of people and be aware of the fraud.