What Qualifies as Fraud? 

Fraud is one of the most common types of white-collar crimes committed, as a fraud lawyer is familiar with. People have a variety of motives for committing fraud, and financial gain is one of them. If you have been a victim of fraud, you can obtain legal help from a skilled fraud lawyer who serves San Francisco, CA clients, like one from Morales Law Firm. If you take action immediately, you can set up the necessary protective measures and identify the culprit so they can be held responsible. Fraud can come in many forms, and you can learn more about some of the most common types below. 

Bank Fraud

Access to another person’s bank account is a common target of thieves. It is illegal for another person to access someone’s bank account without their permission. Bank fraud is when a person uses your confidential banking information for a transaction, such as your login info, routing number, and account number. This is often done by obtaining a victim’s check. 

Wire Fraud 

Wire fraud is related to bank fraud in that it’s fraud that is achieved by using the internet or electronic communication. It can be done through communication methods such as social media, email, or text messages. 

Credit Card Fraud

Finding out that someone used your debit or credit card can be devastating. Your life savings could be at risk if another person has access to your card information, and your bank account information could be vulnerable as well. Credit card fraud is often done through hacking, such as phishing scams. 

Securities Fraud 

When a person commits securities fraud, they are conducting a fraudulent activity that involves the stock market and investment securities. This includes the manipulation of investments and financial markets. Common examples of securities fraud include inflating the value of a company’s stock and providing false information to investors when they are making sales or purchases. 

If you have been a victim of fraud or are accused of committing fraud, you are advised to take action immediately. Speaking to a skilled lawyer like one from Morales Law Firm can help you take the necessary steps you need to protect yourself. Fraud is a serious crime and you could suffer serious consequences, such as fines and jail time. Schedule a consultation if you need urgent legal assistance from a fraud lawyer so that you can get the help you need.