Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.
• Advance Fee Schemes – An advance fee scheme occurs when the victim pays money to someone in anticipation of receiving something of greater value—such as a loan, contract, investment, or gift—and then receives little or nothing in return.
• Business Fraud – Business fraud consists of activities undertaken by an individual or company in a dishonest or illegal manner designed to be advantageous to the perpetrating person or establishment.
• Contract Fraud – Involves deceptive practices in which a party induces another party to execute a contract and make an agreements based on false information or intentionally withheld material information.
• Consumer and Business Related Fraud – Fraud can ruin a business. Consumer fraud embodies any type of deceptive business practice that can cause consumers to suffer financial or other losses. Such deceptive business practices are committed by various parties; including: employee(s), contractor(s), executive(s) or at times business competitors. Fraud not only jeopardizes the profits of the corporation while depleting shareholder returns, it compromises the integrity of the business.
• Credit Card Fraud– Credit card fraud is the unauthorized use of a credit or debit card, or card number, to fraudulently obtain money or property.
• Foreign Investment Fraud – Investment fraud is an offer using false or fraudulent claims to solicit investments or loans, or providing for the purchase, use, or trade of forged or counterfeit securities.
• Fraud Against Seniors / Elder Abuse – Senior citizens are susceptible victims of fraud and should be especially aware of fraud schemes targeting their lifestyle and savings.
• Fraud Against People with Disabilities / Disabilities Abuse – Individuals with disabilities are susceptible victims of fraud and often targeted.
• Identity Theft – Identity theft occurs when someone assumes your identity to perform a fraud or other criminal act.
• Internet Fraud – Internet fraud is the use of Internet services or software with Internet access to defraud victims or to otherwise take advantage of them. Consumers are strongly cautioned against entering into Internet auction transactions with subjects exhibiting irregular behavior or making odd payment requests.
• Investment Fraud – Investment fraud is an offer using false or fraudulent claims to solicit investments or loans, or providing for the purchase, use, or trade of forged or counterfeit securities.
• Market Manipulation (“Pump and Dump”) Fraud – This scheme—commonly referred to as a “pump and dump”—creates artificial buying pressure for a targeted security, generally a low-trading volume issuer in the over-the-counter securities market largely controlled by the fraud perpetrators.
• Ponzi Schemes – “Ponzi” schemes promise high financial returns or dividends not available through traditional investments. Instead of investing the funds of victims, however, the con artist pays “dividends” to initial investors using the funds of subsequent investors.
• Pyramid Schemes – As in Ponzi schemes, the money collected from newer victims of pyramid schemes is paid to earlier victims to provide a veneer of legitimacy. In pyramid schemes, however, the victims themselves are induced to recruit further victims through the payment of recruitment commissions.
• Real Estate Fraud – Victims of real estate fraud suffer a financial loss due to a misrepresentation, concealment or intentional omission by a party to a real estate transaction as it relates to the sale, purchase, lease or acquisition of a land, property or residence. The misrepresentation or concealment would relate to a material fact that would have changed a party’s mind as to the purchase/sale price, the value of the property and/or their decision to enter the transaction.
• Redemption / Strawman / Bond Fraud – This scheme predominately uses fraudulent financial documents—often referred to as “bills of exchange,” “promissory bonds,” “indemnity bonds,” “offset bonds,” “sight drafts,” or “comptrollers warrants”—that appear to be legitimate.
• Reverse Mortgage Scams – Reverse mortgage scams are engineered by unscrupulous professionals in a multitude of real estate, financial services, and related companies to steal the equity from the property of unsuspecting senior citizens or to use these seniors to unwittingly aid the fraudsters in stealing equity from a flipped property.
• Securities Fraud – also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of securities laws.
• Telemarketing Fraud – When you send money to people you do not know personally or give personal or financial information to unknown callers, you increase your chances of becoming a victim of telemarketing fraud.
Types of Fraud Cases:
In some instances, businesses are victims of fraud committed by a partner or co-owner. In other cases, fraud perpetrated by a supplier or an employee brings a business to its knees. In other instances, a real estate agent will misrepresent the condition of a house or a business will conceal its profit statements to attract buyers. We have handled cases of consumer fraud.
It is Essential to Retain a Fraud Attorney Immediately
The fraud related statutes in California and federal sometimes allow the victim to obtain pre-judgment remedies that keep the fraudulent actor from disappearing with the property or money stolen.
Pre-judgment remedies and Provisional Remedies Include:
• Writ of Attachment,
• Notice of pendency or Lis Pendens
• Temporary injunctions
• Preliminary injunctions
• Restraining Orders
• Levy or Writ of Execution
Our goal is simple: to protect our clients’ interests from further damage and obtain compensation for their losses. Our clients include small businesses, partnerships, entrepreneurs and consumers who have been victimized by fraud.
If you have fallen victim fraud we invite you to reach out to our offices today. Our experienced fraud and consumer rights attorneys are ready to help. Please complete our online form or call today for a free consultation at 619-432-5145.