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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 refers to addressing situations wherein people wrongfully obtain benefits, money, and property by 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. Criminal penalties may include statutory fines, victim reimbursement or restitution, 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. 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. 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 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 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. 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. 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. We can help you in finding a trusted, reliable, and experienced lawyer, feel free to check our homepage or website 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. Stop fraud by being aware and knowledgeable about the things you can do as a private citizen.