Establishing Business Fraud in Court

Having trust in your business partners, contractors, and employees is a vital part of business. Sadly, it is also important not to be too trusting. Fraud is committed all too often, and in many different contexts. If you hope to run a successful business, you need a clear understanding of its legal definition. Not only will this help you avoid being defrauded; it can also help you avoid any accusations committing it.

At the offices of LaMarca & Landry, P.C., we are ready to help you prosecute a fraudulent party or defend your business’s good name. To speak with one of our experienced Iowa business fraud attorneys, call us at 877-327-2600.

The Components of Fraud

When one party makes false claims to the detriment of another person or entity, the victim can file a claim to receive compensation for his, her, or its losses. However, even cases that seem clear-cut are not always easy to prove. In order to have the defendant convicted of fraud, the plaintiff must prove all of the following:

• The defendant made a statement that was supposed to be factual.
• The statement was actually false at the time it was made.
• The defendant knew the statement was either false or unverified when it was made.
• The defendant knew the plaintiff’s actions would be fully or partially based on the statement.
• The plaintiff suffered some form of economic or physical loss due to acting on the statement.

Being a victim of fraud or being accused of it can both cost your business a good deal of money. That is why the support of a knowledgeable Iowa business fraud lawyer is very important.

Contact Us

Your Iowa Lawyers, LaMarca & Landry, P.C., offer informed guidance and skilled legal representation to a variety of business clients. To discuss your case with one of our Iowa business lawyers, contact us at 877-327-2600.