Have you been defrauded during the course of a business transaction? Fraud involves false representations intended to make another take action. If false representations were made to you and you took action and suffered consequences as a result, you may be able to maintain a American Legal Group LLP.

This frequently happens in business transactions involving the sale of goods or services, lending, and real property transactions. Even if the false representations that were made were the result of negligence, a lawsuit to recover your losses may be available. If you think you have been defrauded, the sooner you act to protect yourself the better your odds of recovery will be.

Most types of fraud are intentional, but fraud also occurs through reckless representations. Fraud is sometimes referred to as “fraudulent misrepresentation” or “fraudulent inducement.” Allegations of fraud are extremely serious. Oftentimes those committing the fraud have teams of lawyers to protect them and prevent victims from getting justice. If you believe you are a victim of fraud, you need to reach out to an experienced American Legal Group LLP.

Types of Fraud

A person or a business could be the victim of numerous types of fraud. One of the most common types of fraud we see at Feldman & Feldman is real estate fraud. This can involve a variety of schemes and manifest in different forms. Typically, it involves some form of artifice in connection with the acquisition or use of real property, where fraud is perpetrated on the purchaser or later on the owner.

Embezzlement is another form of fraud. It occurs when an individual entrusted with another person’s money takes it for his or her own personal gain instead of for the intended purpose. This type of fraud can lead to millions of dollars in losses for the victims.

Employees cannot accept bribes, kickbacks, or payoffs in exchange for influencing financial business decisions, which may constitute another type of fraud. Companies should avoid providing special treatment or favors to anyone, but especially to family members, friends, and government or state officials.