Fraud is a broad word that indicates deceit to an extent, and can be confusing to some people. For these reasons, we’ve provided more info on fraud below.
Definition & Legal Proceedings
To constitute a fraud crime in Colorado, the following elements must be in place:
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An individual or organization knowingly made a false representation of an important fact or event.
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The false information was believed by the victim or the person or organization to whom the representation was made/
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The false representation was made with the intention that it would be acted upon
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The reliance on this false information resulted in a loss of money or property for the victim.
Fraud crimes may be active or passive, meaning the crime could either be based on a false representation of information or the concealment of that information. In order to create a fraud case in court against an individual, officials will often investigate and gather evidence against a potential target for a long period of time, which can potentially take years. By the time the law enforcement is prepared to proceed to court, their case is often very well built, and the chances of a conviction are high. This is, in part, why it is so vital to hire a well-versed lawyer for fraud charges, particularly when dealing with common embezzlement elements which can complicate the case.
Types Of Fraud?
As mentioned above, fraud is a general term that covers a wide variety of criminal behaviors. There are, however, some primary types of fraud, including mortgage fraud for housing, where borrowers misrepresent information to qualify for a loan. Below, we’ve listed some of the cases we’ve defended frequently, for example:
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Insurance fraud
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Credit card fraud
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Embezzlement
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Identity theft
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Bankruptcy fraud
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Bribery.
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Wire fraud and mail fraud
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Counterfeiting
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Check fraud
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Extortion
What Should You Do Next?
If you or a loved one has been charged with fraud, often the next best step to take is to talk to a criminal defense lawyer. The cost of fines combined with the cost of having a conviction on your record can be detrimental.
At Law Office of Kevin Cahill, we may be able to help with your charges today. Call us today to talk to someone about setting up your defense for your case. (720) 445-9887.