If you are a victim of a fraudulent act, you may feel defenseless. But know that you are not alone. In a 2013 study by the Federal Trade Commission (FTC), 25.6 million Americans, or 10.8 percent of the U.S. adult population, were victims of fraud.
If you are a victim of business or consumer fraud, do not act alone. Seek legal representation you can count on.
Though very closely related, business and consumer fraud have slight differences. Business fraud occurs when there is a deceitful practice by a business that causes economic injury.
Consumer fraud occurs during a business transaction when a false statement of fact is made, or the person who makes the false statements knows they indeed are false, and the other party involved in the transaction was relying on these false statements.
Common types of fraud include:
While business and consumer fraud are sadly rather common, it can be difficult to prove it has occurred without a keen legal understanding. To prove a fraudulent even has occurred, you must prove: