Fraud: Criminal Defense Attorney You Can Trust

Fraud

Like embezzlement, fraud is considered a “white-collar” crime, meaning it is non-violent in nature. However, the penalties for fraud can be quite severe, depending on the circumstances of the case.

What Is Fraud?
Fraud is any act of deception or attempt to conceal or misrepresent information, usually for the purpose of personal financial gain. There are numerous acts that can be considered fraud, and it can be charged as a misdemeanor or a felony depending on the specific details of the case. Some of the more common acts of fraud include:

Tax fraud: attempting to reduce or eliminate taxes owed by misrepresenting income or deductions

Insurance fraud: making false claims or misrepresenting losses

Bank fraud: falsifying bank documents or loan applications

Credit card fraud: using stolen credit cards, cloned cards, or misrepresenting income information on credit card applications

Investment fraud: pyramid schemes, insider trading, or misrepresenting investors

Welfare fraud: lying on public assistance applications to receive benefits such as food stamps

Check fraud: writing a bad check, either intentionally or unintentionally

Penalties for Fraud
Because there are so many different ways to commit fraud, the penalties will depend on the specific details of the case. Generally speaking, if the value of property involved is less than $500, the crime will be charged as a misdemeanor, which can be punished by:

  • Up to one year in jail
  • Up to $1,000 fine
  • If the value is above $500, you may be charged with a felony.

 

Minimum punishments for felony fraud conviction include:
Up to 10 years in jail
Up to $50,000 fine
Payment of restitution

Contact an Oklahoma City personal injury attorney at The Lowe Law Firm to discuss your case and learn how we can help you.

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The Lowe Law Firm of Oklahoma Criminal Defense Attorney Jason Lowe

Oklahoma State Representative Jason Lowe for House District 97

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Attorney Jason Lowe of the Lowe Law Firm was recently elected to be a State Representative in the Oklahoma House of Representatives, representing House District 97. He is a member of the 56th Legislature.
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