Los Angeles Fraud and Deceit Lawyers
Running a business can be exciting and incredibly rewarding but at the same time, it can be incredibly stressful. Thankfully, most business deals get completed without a hitch, but sometimes, relationships with other businesses or individuals go awry. When the other party is dishonest or deceitful in their business dealings, that can be a recipe for disaster.
Generally, there are four wide categories of fraud:
Intentional misrepresentation: this occurs when a perpetrator uses deceit to convince a victim to rely on false material facts.
Concealment: this occurs when there is a fiduciary or other relationship between the parties and where there is a duty of full disclosure. The concealing person, with an intent to deceive, fails to disclose important facts that the concealing person knows but the victim does not and could not know in the use of reasonable diligence.
Promise to perform without intent to perform (i.e., promissory fraud): this occurs when a party makes a promise that is important to the transaction that he or she never intends to (and never does) perform in order to induce a victim to rely on the promise.
Negligent Misrepresentation: this occurs when a party misrepresents to a victim that certain important fact(s) are true. The dishonest party may honestly believe that the false representation is true, yet that person has no reasonable basis for believing that representation to be true.
Civil fraud, deceit and misrepresentation under California law are defined in California Civil Code Sections 1709, 1710, 1572 and 1573.
How Do I Know if I Have a Case?
In proving any one of the above types of fraud, an individual or business must generally prove five things:
- A false representation of fact
- Knowledge of falsity by the person making the representation
- Intent to deceive the other party by making the false representation
- Reasonable reliance on the misrepresentation by the innocent party
- Actual loss suffered by the innocent party
This is where an experienced fraud and deceit lawyer comes in. They have the expertise to help you determine if you have enough proof to be able to establish a case and can help you recover what you lost through another party’s deception.
Your Los Angeles Business Fraud and Deceit Lawyer
If you believe that you have been defrauded, or someone has acted inappropriately or deceitfully which has injured you or your business, give The Trial Law Offices of Bradley I. Kramer, M.D., Esq., a call at 310-289-2600 for a free consultation and to discuss your options.