Fraud is prohibited by law and involves deception for the purpose of getting an advantage or obtaining property by deception. When you are being investigated for a offense involving fraud, you could face criminal charges, prosecution, and even jail time if convicted. A Frisco fraud lawyer can assist you with your case.
Attempting to face a fraud investigation, criminal charges, or prosecution alone can be extremely challenging. A defense attorney familiar with fraud laws and the legal system could safeguard your rights and help fight for an optimal resolution to your case.
Types of Fraud
Fraud offenses include a wide range of deceptive activities described in Texas Penal Code Chapter 32. Examples of misleading and fraudulent activities prohibited in the penal code include issuing bad checks, forgery, and identity theft.
Many forms of criminal fraud involve intentionally providing false information to achieve some gain, especially a financial gain. For example, deliberately making false statements about income on a mortgage, loan, or credit card application to improve the possibility of approval is a form of fraud. Some common types of fraud include:
- Mortgage fraud
- Insurance fraud
- Pension fraud
- Healthcare fraud
- Medicare/Medicaid fraud
- Credit card fraud
A fraud defense lawyer in Frisco could answer questions about other types of fraudulent activities described in the law and explain the differences between specific types of fraud.
Legal Penalties for Fraud
A person convicted of fraud could face incarceration, fines, and restitution. The specific legal penalties a court could impose for fraud convictions depend on the type of fraud, the classification of the offense as a misdemeanor or felony, and the amount or value of any money, goods, or services deceptively obtained as a result of the offense.
For example, providing false information on an application for property or credit is a Class A misdemeanor, the highest level of misdemeanor, when the property or credit obtained is valued between $750 and $2,500. The same offense is a felony of the first degree when the property or credit is worth more than $300,000.
The legal penalties for Class A misdemeanors include confinement in jail for up to one year and a fine of up to $4,000, while the penalties for felonies of the first degree include a prison sentence of five years to life and a possible $10,000 fine. A lawyer in Frisco could answer questions about the legal penalties associated with specific fraud offenses.
Contact a Frisco Fraud Attorney
Facing a fraud investigation, criminal charges, or prosecution for fraud offenses can be frightening, and even more so if you are on your own. You do not have to handle the situation alone. A Frisco fraud lawyer can stand with you and provide legal representation.
Our attorneys can serve as your advocate by fighting to protect your legal rights and get you the best legal outcome possible. Contact our firm today to discuss your legal options.