Fraud is an occurrence in which someone commits a false misrepresentation for the purpose of gaining monetary gain. This type of crime can be classified as a misdemeanor or felony and is often associated with white-collar crimes because it involves finances and business activities.
The first step to successfully investigating a fraud case is gathering all relevant information, including witness testimony. During interviews, try to avoid asking leading questions that may give the impression that you suspect the accused person of wrongdoing. Use a secure case management system to collect and organize all interview transcripts, records, documents, photos, videos, and other evidence.
You can also track financial transactions and patterns using analytics tools to identify irregularities, anomalies, or discrepancies. Evaluate the gathered evidence to confirm or disprove initial suspicions and determine whether fraud has occurred.
To prove a fraud case, the victim must establish that the alleged defendant substantially faked a fact, that the individual making the fraudulent statement was aware that it was manufactured, and that the victim reasonably relied on the falsification to act in a certain way. Damages must also be proven. If the alleged fraud involves federal laws, such as wire or mail fraud, it will be brought in federal court.
Fraud can be a felony or misdemeanor, depending on the situation and whether it’s a single instance of dishonest conduct or part of an ongoing pattern. Criminal charges can have serious consequences, so if you’ve been charged with fraud, consult a criminal defense attorney right away.