When talking about criminal offenses, fraud is definetly up there with other serious offenses. Even though it contains no real physical attributes like violence, it’s still very devious in a way of potentionally causing a huge financial blow to the victim. Worst of all, rather than affecting one person, a fraud can claim victims to a larger group, thus increasing the injury.
Believe it or not, fraud is a criminal charge that falls under the category of an offense charged at the state level. Depending on the circumstances, fraud can even be charged at the federal level. This offense does not involve violence and it’s often referred to as white collar crime. It is an act that has intentional deception or misrepresentation by one party affecting another party with a purpose of personal gain or causing injury to the victim. Even though many interpret it as a communal criminal offense, it can also invoke a civil lawsuit.
Be careful with your encounters
Enforcing laws that govern such an act require splitting it different types of fraud. Many malicious activities can be narrowed down to fraud if approached from the right standpoint. It is an offense that is restricted by no specific gender, race, ethnicity, nationality or age. The most common types of fraud are usually something along the lines of credit card, bank, bankruptcy, tax, healthcare, insurance and mail fraud.
Among the more dangerous types of fraud is Bank fraud. It is a criminal offense that involves counterfeit activities at a bank. These activities range from using someone’s identity for personal financial gain to falsifying a check. Similarly, mail fraud involved counterfeit or deceptive activities using the Postal Service governed by the United States of America. From claiming someone’s mail to sending forged checks, each of these acts is punishable by law. It’s considered as a very serious federal crime that’s not to be taken lightly. The act of taking someone’s credit card information and using it to withdraw money or expose personal information is considered credit card fraud. Insurance and healthcare fraud is the types of fraud that involve falsifying records for personal insurance and healthcare gain.
Huge legal problems for money laundering victims
Even though there’s a lot of criminal counterfeit activities someone might commit, oftentimes the other party might misinterpret the situation and accuse someone of fraud. This is a very sticky situation to be found in and it should be approached with caution. Claims such as counterfeiting money often originate from the lack of knowledge needed to differentiate fake and real money. These are the usual money laundering victims. Even though highly unfortunate, the accused will most likely face big legal troubles due to the nature of the crime. This is why basic knowledge of constitutional rights is something mandatory to all citizen of the United States.