Fraud Law

Fraud represents potentially the biggest global business threat with great devastating repercussions. As technology advances with giant steps, cyber crime, white collar crime, Ponzi schemes and securities fraud take a whole new meaning with a significant impact on businesses.

Our Fraud department is responsible for assessing fraudulent activity and its implications and deploying our highly specialized resources to offer the most effective damage mitigation, and plan of recovery.

Being a pioneer in this field has provided us with a large number of connections with law enforcement, private investigators, international asset tracers and recovery experts to cover every aspect of the fraud investigation and recovery of funds.

With all this information we proceeded to make a tour of the countries where these frauds were committed, with the purpose of gathering more information, On the same note we invited the people involved in the matter, discovering the depth of the deception and analyzing it in the present work showing how is it possible, how it happens.

Thousands of people each year fall victim to fraudulent acts — often unknowingly. While many instances of fraud go undetected, learning how to spot the warning signs early on may help save you time and money in the long run.

Fraud is a broad term that refers to a variety of offenses involving dishonesty or “fraudulent acts”. In essence, fraud is the intentional deception of a person or entity by another made for monetary or personal gain.

Fraud offenses always include some sort of false statement, misrepresentation, or deceitful conduct. The main purpose of fraud is to gain something of value (usually money or property) by misleading or deceiving someone into thinking something which the fraud perpetrator knows to be false. While not every instance of dishonesty is fraud, knowing the warning signs may help stop someone from gaining an unfair advantage over your personal, financial, or business affairs.

What the Law Says About Fraud

Laws against fraud vary for every province and can be criminal or civil in nature. Criminal fraud requires criminal intent on the part of the perpetrator and is punishable by fines or imprisonment. Civil fraud, on the other hand, applies more broadly to circumstances where bad-faith is usually involved, and where the penalties are meant to punish the perpetrator and put the victim back in the same position before the fraud took place.

While the exact wording of fraud charges varies. the essential elements needed to prove a fraud claim, in general, include: (1) a misrepresentation of a material fact; (2) by a person or entity who knows or believes it to be false; (3) to a person or entity who justifiably relies on the misrepresentation; and (4) actual injury or loss resulting from his or her reliance.

Most provinces require that each element is proven with “particularity” — meaning that each and every element must be separately proven for a fraud charge to stand.

Types of Fraud

There are many types of fraud offenses, several of which occur through the mail, internet, phone, or by wire. Common types include:

  • bankruptcy fraud

  • tax fraud (a.k.a. tax evasion)

  • identity theft

  • insurance fraud

  • mail fraud

  • credit/debit card fraud

  • securities fraud

  • telemarketing fraud

  • wire fraud

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