Fraud is a broad term that describes any intentional deception or misrepresentation of information for personal gain. In business, fraud can occur in many different situations. It is commonly committed by people with some authority in an organization, such as individuals with access to financial records.
If you have been a victim of fraud or believe that someone is committing fraud against your company, you need to have the backing of experienced legal professionals. The attorneys at Hasson Law Group, LLP are skilled in handling business fraud litigation.
This post will discuss various forms of business fraud and how experienced business fraud litigation attorneys can help.
Common Types of Business Fraud
Business fraud can be divided into financial and non-financial.
Financial fraud is when someone steals money or other assets from a company. This can include:
- Diverting money from client accounts
- Embezzlement happens when an employee steals funds from their employer for personal gain
- Check kiting, where scammers use multiple accounts to create fake payments
- Fraudulent vendor invoices
Non-financial fraud is when someone steals money or other assets from a company in some way that does not involve directly stealing money. This can include:
- Stolen intellectual property (e.g., customer lists)
- Unauthorized access to confidential information
- Falsifying records
- Using false identities or credentials to obtain information from the company
How Businesses Can be Affected by Business Fraud
When a business is the victim of an incident of fraud, the financial impact can be severe. One way that businesses are affected by business fraud is through lost revenue. For example, if a company experiences employee theft or embezzlement and the perpetrator has been stealing money over time, it can severely impact a company’s ability to operate.
Businesses that are frequently targeted by fraudsters may also suffer from a loss of reputation. Customers who are aware that criminals are targeting the business may stop doing business with them out of fear for their financial interests, which can devastate the company’s bottom line.
How an Expert Business Fraud Litigation Attorney Can Help
Experienced business fraud litigation attorneys can help companies identify and avoid fraudulent transactions and investigate past fraud instances so they can be corrected. When businesses work with legal professionals who understand both the law and their individual needs, they have a better chance of recovering from any financial losses incurred.
Contact the Atlanta Business Fraud Litigation Attorneys at Hasson Law Group, LLP
Business fraud can be devastating to the victim and their business. That is why it’s essential to have a law firm on your side that is committed to fighting for your rights.
The experienced business fraud litigation attorneys at Hasson Law Group, LLP will work hard in conducting a thorough investigation and will fight for your reputation and recovery if you are a victim of business fraud.
Call Hasson Law Group, LLP at (678) 701-2869.
We serve the Atlanta, GA, area.