In life, there’s rarely an easy way out of anything. It may be very difficult to make any headway in a certain challenge, but powering through and/or exploring other viable options are always better than committing a fraudulent act. “Fraud” is a general term used to describe a dishonest means of obtaining something of value from another party. It oftentimes occurs when buying and selling property, misrepresenting tax information and falsifying insurance claims. However, there are many actions that are considered fraudulent that can bring about both civil and criminal consequences.
Fraud can involve a laundry list of actions, including: bankruptcy fraud, cell phone fraud, embezzlement, money laundering, identity theft, computer hacking, counterfeiting, forgery, larceny, perjury, welfare, Ponzi schemes, extortion, telemarketing fraud, credit card fraud, marriage fraud, racketeering and billing fraud. Even so, this dishonest act can be grouped into three main categories:
Fraudulent acts can be classified as criminal as well as a civil offenses. That means that even if a prosecutor doesn’t seek criminal charges, victims of the fraudulent act(s) in question could opt to file a civil suit for restitution. In general, fraud is a felony offense that carries along with it hefty fines and prison time. However, penalties really depend on the type of act committed, its degree of severity, who it was committed against and the sum of money involved. Other consequences of fraud include:
If you are facing prosecution due to fraudulent actions, you would be wise to reach out to Hayes, Berry, White & Vanzant for our sound criminal defense expertise. We’ll handle your case with the utmost discretion and care because we know your reputation, livelihood and future are at stake. Don’t hesitate to call us today at (940) 387-3518 or contact us here. We’ll be more than happy to provide our assistance in any way we can.