Fraud is among the most common types of crime committed, and there are several unlawful actions that may qualify under the blanket term of “fraud.” Continue reading and contact a Chesapeake fraud lawyer here at Patzig Law today to learn more about fraud charges in the Commonwealth of Virginia and how our legal team can help you fight them.
Do I Need a Chesapeake Fraud Lawyer?
Those who’ve been charged with fraud-related crimes are facing high fines, potential incarceration, and more. You cannot afford to proceed without an experienced Chesapeake criminal defense lawyer on your side.
Common Types of Fraud
As you can imagine, there are several very common types of fraud. Some of the most common types of fraud that our firm sees are as follows:
- White-Collar Crimes (Embezzlement, Ponzi Schemes, Extortion, etc.): White-collar crimes are generally committed by those in a position of power or trust, and usually involve some sort of theft or fraud. For example, in a Ponzi scheme, an individual convinces people to invest, all while pocketing a portion of the money and paying earlier investors back with newer investors’ funds. This allows earlier investors to believe that they are seeing real profits, though they are only truly receiving money from other investors.
- Credit Card Theft/Fraud: Stealing an individual’s credit card information, whether by physically taking their credit card and using it, or by stealing the information digitally, is a very serious crime in the Commonwealth of Virginia. For a credit card theft crime, an individual may face up to 20 years of imprisonment and a potential $2,500 fine.
- Healthcare Fraud: Healthcare fraud is when a healthcare professional files dishonest healthcare claims to make money. For example, if a physician bills an insurance company for care that was never given, they may face healthcare fraud charges. Healthcare professionals selling prescription pills on the black market is also considered healthcare fraud.
- Elder Fraud: Elder fraud occurs when individuals are placed in charge of an elderly person’s funds. This is typically when the elderly person is incapacitated or can otherwise no longer manage their finances on their own. Rather obviously, this puts them in a very vulnerable position, and if you are caught stealing from such a person or otherwise unlawfully profit from such a scenario, you may face very serious criminal penalties.
- Internet Fraud (Cybercrimes): Internet fraud is something that has only become more pervasive as the years go by. Unfortunately, it is also extremely hard to control. Some examples of internet fraud include various cybercrimes, such as phishing scams, malware, spyware, and more. These can all be used to access personal information, such as credit card numbers. If you are caught committing internet fraud, you can face very serious penalties, including jail time, high fines, and more.
- Bank Fraud: Bank fraud is when an individual attempts to steal money or assets from a bank. One common example of bank fraud is check fraud. Check fraud is when someone writes out a check that will not clear. Depending on the value of the check, you could face up to five years in prison.
These are just some of the most common types of fraud, and if you are currently facing a fraud charge of any kind, you should speak with a Chesapeake fraud lawyer here at Patzig Law today.
Contact a Chesapeake Fraud Lawyer
The ramifications of a fraud conviction can affect an individual for years, and perhaps forever, which is why it is so important that you do not wait to contact Patzig Law if you are currently facing fraud charges. Our legal team is here to fight your charges, every step of the way.