What is Fraud
Fraud is a very general term that has many sub-categories. The overarching definition of fraud is when you do something that can hurt or cause a form of loss to another person. Doing something that could/does result in an unfair advantage or profit is also considered fraud.
Examples of Fraud
There are many types of fraud, and not all of than can be listed here. However, below are some examples of fraud.
- Ponzi Schemes
- Fake Checks
- False Insurance Claims
- Charity Scams
What Are the Consequences of Fraud
Because there are many different types of fraud, there is no “one” penalty. If convicted of fraud, you could be facing hefty fines and/or a prison sentence. Depending on the severity, a fraud conviction could also result in either a misdemeanor or felony. A fraud conviction is very serious. If you or someone you know has been accused of fraud, it’s best to consult with an experienced criminal defense attorney.
Common Defenses for Fraud
When it comes to fraud, there are three main defenses.
- You didn’t have any intent to commit fraud.
- Your identity has been mistaken.
- You are a victim of entrapment.
Local Stories About Fraud
A San Diego law school is on trial for fraud. Three former students are suing their former law school for misrepresenting employment data. One of the students, Anna Alaburda, spent $150,000 on her education, passed the state bar exam, but has been unable to find a full-time job as a lawyer. Alaburda is seeking $125,000 from her former law school. For the full story, please visit the San Diego Union Tribune.