Commercial Fraud Attorney
The term “commercial fraud” encompasses a wide range of actions that are meant to benefit a company or an individual by falsely representing business related matters. This can range from an employee pocketing small amounts of company property to a buyer being fraudulently induced into the purchase of real estate.
An individual may commit fraud for personal gain or defraud their employer in situations such as:
- Claiming personal expenditures as business expenses
- Falsifying timesheets or wage paperwork
- Failing to report income
- Deceiving customers
- Conflicting interests
- Taking business opportunities for their own personal profit
Businesses can also commit fraud collectively, against other companies, customers, the government, or even its employees, including:
- Stock value inflation – using insider trading and rearranging assets to increase stock value
- Promising to provide certain goods or services to customers, knowing the promise would not be honored
- Over valuing property or assets in a commercial sale
- Tax inaccuracies, including paying workers off the books and failing to report income
- Failing to disclose liabilities and debts in the sale of a business
- Billing fraud
- Affinity fraud – an investment scheme in which the promoter pretends to be of a certain group, such as an ethnic background or age group, to gain investors in a false or poor investment
Those found committing these actions, or leading a company in committing them, could be held liable in court for fraud. In order for fraud to be proven in a claim, it must be established that the accused party was intentionally dishonest, such as an executive intentionally hiding debts from corporate investors.
Contact Commercial Litigation Attorney Kevin Powers to get a free case evaluation.