Fraud is a generic term that can have multiple meanings in different contexts.
To legal professionals, fraud has several meanings depending on the context
that is used. For example, a fraudulent activity employed against consumers
as a group, is classified as "Consumer Fraud". On the other
hand, Fraud in the context of
business litigation is generally referred to as "Business Fraud".
The term fraud in the legal context usually refers to some kind of misrepresentation
which results in deceiving another person to justifiably rely on the misrepresentation
to his or her detriment. In order for the fraud to be legally actionable,
the victim must also change position and suffer damages as a result.
Business fraud is no different than other kinds of fraud. It occurs in business settings
and involves businesspeople. Sometimes partners in a Partnership feel
that they have been defrauded by their co-partners. Sometimes fraud occurs
within a corporate structure. In other times, fraud might occur in business
If you feel that you have been a victim of fraud in a business setting,
please consult The Mirkhan Law Firm. As part of our Business Litigation
expertise, we understand the intricacies of fraudulent behavior and know
how to deal with such behavior. For further information, please contact
a Los Angeles Business Litigation Lawyer at The Mirkhan Law Firm.