Fraud occurs when a person intentionally makes a false statement with the purpose of inducing another person to rely on the false statement by acting or abstaining from acting, and where that other person does reasonably rely on the false statement to their detriment, sustaining damages. For example, a person selling a car might state that the car is an authentic, original Model T Ford (even though it is not) for the purpose of causing a buyer to pay a large sum of money to purchase the “antique” car. After the transaction is completed, the purchaser learns that he was sold a replica, but not an authentic, original Model T that is worth a mere fraction of what the purchaser paid and, as such, has been defrauded.

Circumstances like this, and many others, may give rise to a fraud claim. Often, these claims may arise in the context of consumer transactions. Notably, fraud is an intentional tort, meaning that in addition to recovering actual damages for the amount paid in reliance on the false statement, a prevailing plaintiff may also be entitled to punitive damages. In addition, depending upon the circumstances, fraudulent conduct may violate other statutes, such as a consumer fraud act and potentially certain federal statutes.

The Howard Law Firm llc has substantial experience representing people and business in fraud and fraud based claims. Whether you are a defendant who has been sued for fraud or a plaintiff who believes that a fraud claim exists, The Howard Law Firm llc can help you. Please contact us for a free consultation.