Fraud

What Is Fraud?

In simple terms fraud is a sophisticated form of theft. It is the act of stealing, taking, caring, or driving away the personal or real property of another by false or fraudulent representation. Any time that you cause a financial loss to another person that creates an unfair or undeserved financial benefit to yourself you may have committed fraud.  In practice this means you should always represent yourself fairly and honestly in buying and selling from another person or entering into agreements or contracts.

Types Of Fraud

Types of fraud include white collar crime, perjury, and forgery. In addition, there are many types of fraud involving insurance and government benefits such as auto and health insurance fraud, and fraud involving disability, worker’s comp, Medi-Cal, welfare. Many fraud crimes involve real estate, including 2.1. California foreclosure fraud, predatory lending, illegal property flipping, rent skimming, and phantom help schemes of all types.

Fraud Penalties

Fraudulent acts may be misdemeanors or felonies depending on your record and the severity of the crime

  • Fraud crimes are considered “crimes of moral turpitude” under California law, and as such, even legal resident aliens can be deported for fraud.
  • Fraud offenses can invoke penalties such as suspension or revocation of your professional licenses.
  • In addition to jail sentences, prison time, fines, or restitution, the government seize any money or other property that was involved in fraud.