The Law Offices of Matt Horak
Fraud is a type of theft or white collar crime that is committed when a person intentionally deceives another person for financial gain or personal gain. When a person commits fraud, he or she will cause another person injury which is usually in the form of financial loss or loss of property.
According to United States white collar crime laws, there are numerous different types of fraud crimes that can be committed. This means that fraud crimes can lead to both misdemeanor and felony charges. Usually, the category of charges will depend upon the type of fraud crime that was committed, the extent of the damage the victim incurred and the offender’s criminal background. Once a person has been charged with fraud, he or she will face criminal charges and may also face civil action as fraud victims are allowed to sue offenders for monetary damages in the state of Texas.