Dallas Fraud Lawyer
“Business fraud” is a term that covers a wide range of illegal activities carried out by individuals or companies with the goal of additional profits. There are many different behaviors that someone can engage in, either on their own or on behalf of a business, and the penalties for a business fraud liability judgment can vary greatly.
If you have been charged with business fraud in Dallas, contact Attorney Wade McClure as soon as possible for a free initial consultation about your case. We have a history of successful cases prosecuting and defending a range of civil fraud allegations and will be happy to take on your own case to help you work towards a fair and reasonable outcome.
Read more below about some of the most common fraud cases in the Texas courts, and contact us as soon as possible to get started on your own case today.
Common Examples of Fraud
There are many legal definitions of fraudulent torts in the Texas Civil Practice and Remedies Code, other statutes, and Texas Common law, but here are some layperson’s definitions. A wide array of crimes fall under business fraud, among them:
Asset misappropriation – As one of the most common types of business fraud, it happens when employees steal funds or assets over which they had control. Businesses should implement practices such as an accounting authorization policy or restrict employees from accessing information unrelated to their job duties.
Common law fraud – Fraud occurs when a material misrepresentation is intentionally made and the person receiving the misrepresentation acts on it and suffers damages. If the relationship between the parties is one of trust, constructive fraud can occur even without intent. And negligent misrepresentation is a recognized cause of action under Texas law in certain circumstances. Business and individuals should seek legal representation if you are a victim of fraud or face allegations of fraud.
Deceptive trade practices – As set forth in the Texas Civil Practices and Remedies Code, substantial damages and penalties can result is a business or individual or company makes false, misleading or takes other prohibited acts in connection with the purchase or sale of goods or services to a consumer (including a business consumer) in Texas. Businesses should set up practices and guidelines to avoid any such inappropriate actions.
Corruption – This involves illegally providing or soliciting anything valuable that may sway a person’s decision. Tools should be implemented to detect undesirable practices.
Financial Statement Fraud – Although occurring less often than the above activities, this act implies much greater losses. This type of fraud takes place when the company misrepresents profits, assets, income, or liabilities in order to deceive investors.
Liability For a Fraud Conviction
The civil judgments associated with fraud crimes can be severe and can result in awards of punitive damages under certain circumstances.
Attorney Wade McClure will work with you in order to fully understand the strengths and weaknesses of your case, advise you on what potential defenses might apply, and to be sure you avoid self-incrimination.
Prosecution of and Defenses Against Fraud Charges
If you are a victim of fraud or have been accused of committing fraud, you should know that this can have serious consequences on your business, your checkbook, and your reputation. Contact Attorney Wade McClure as soon as possible to protect your legal rights. He will work to give you the best chance of having the charges dismissed or reduced in order to minimize the possibility of having to face a wrongful conviction.
Contact Dallas Fraud Lawyer Wade McClure Now
Fraud charges are extremely serious, and early and experienced legal representation is critical to your defense. Attorney Wade McClure will skillfully craft a legal strategy to defend you and build a strong case towards the best possible outcome. Working with an experienced business fraud attorney is one of the most important steps you can take following your arrest.