Fraud is a common crime in the United States, costing individuals and businesses billions of dollars each year. With the help of a civil litigation attorney it may be possible to reclaim lost funds. However, many people are not even sure if they have fallen victim to a fraudulent act. At Lucé Law, PC in McKinney, we help clients navigate the legal complexities of fraud and work to protect their interests.
The Main Types of Fraud
It’s easy to underestimate the emotional and financial damage caused by fraud. Sadly, instances of fraud are rising, with families and companies from large to small feeling the impact. According to FTC reports, consumers lost $5.8 billion to fraud in 2021, up 70% from the previous year.
Real Estate Fraud
Buying a home as a residence or investment is a significant investment, one accompanied by many documents and regulations to be followed. But with many buyers often in a hurry to complete the transaction, the potential for fraud goes up. Examples of real estate fraud include requests for direct wire transfers, foreclosure relief scams, misrepresenting a commercial real estate deal, reverse mortgage scams, a lack of documentation, title fraud and loan modification scams.
In some cases, unscrupulous medical providers take advantage of vulnerable people by charging excessive fees. Doctors may also use unlawful practices to collect payments, and pressure patients into agreeing to unnecessary services.
From loan and securities fraud to insurance and bankruptcy fraud, the financial world is rife with illegal activity. Every individual – and company of any size – could be the target of a sophisticated scam. Dealing with a scam would require the help of an experienced business attorney. And when you are thinking of starting a company, one of the first steps for business startups should definitely be to consult a lawyer. You can then build a solid foundation, one that protects your organization and assets.
Individuals and businesses expect lawyers to uphold high ethical standards. Unfortunately, there are cases in which attorneys used deception or misrepresentation to benefit themselves. At Lucé Law, PC, we work diligently to uncover instances of legal fraud.
Family Law Fraud
Fraud in family law typically involves making false statements to gain something from another person. Uncovering this type of fraud could lead to divorce settlements, marriage annulments and prenuptial agreements being overturned.
Fraud in the probate process could involve challenging the validity of a will, contesting charges made by an executor, identifying signs of guardianship fraud and more.
What Can You Do if You Are a Victim of Fraud?
- Contact a lawyer in the appropriate field, such as a real estate attorney.
- Collect all available documentation and records.
- Secure any bank accounts against further charges.
- Report the fraud to the proper authorities.
- Work with your attorney to secure lost funds.
Experienced North Texas Law Firm Assisting Victims of Fraud
At Lucé Law, PC, we provide legal advice and representation for victims of fraud. Our McKinney-based attorneys also help individuals and businesses protect their assets. To reach us, call (972) 632-1300 or request a free legal consultation today.