Fraud

According to Webster's New World Dictionary, fraud is defined as "the intentional deception to cause a person to give up property or some lawful right". In pertaining to business, fraud can be termed as "the use of one's occupation for personal enrichment through the deliberate misuse or misapplication of employing an organizations' resources or assets" (Association of Fraud Examiners, 1999). The kind of fraud that most businesses and professionals are concerned about is fraud that may be detected through auditors and managers. In most cases, auditors may discover the fraud had happened already too late for them to act upon.

Business fraud can cost a lot of money to organizations, and most of the time the actual cost of fraud is undetermined. It is difficult to estimate the total loss resulting from fraud because not all of it is discovered, and not all uncovered fraud is reported. More so, civil or criminal action against fraud is not always pursued.

In most cases of fraud, employees who are given the trust for financial tasks within the company are the offenders. The employees usually commit business fraud in minimal incidents, but are usually done repeatedly over a large period of time, which results to large volume losses. The repetitions of committing business fraud are attributed to the offending employee's idea that the act itself is not harmful and will not inflict any considerable damage to any victim, and he/she will not be caught doing the offense.

Within the last ten years there had been an alarming increase of cases of business fraud that costs billions of dollars lost, even with the concerted efforts of the management, the external auditors and the employees of the business to curb business fraud. We are very much aware of the increasing rate of business fraud cases all over the country. That is why the Mesriani Law Group are here to provide representation for corporations, individuals and other bodies in federal and state criminal, civil and administrative proceedings and litigations. Our business lawyers have expertise in handling cases of different business fraud types all over (accounting fraud, tax fraud, money laundering, asset forfeiture, etc.). We can give you legal representation in all court proceedings for any litigation arising for a case of business fraud in your company and assist you effectively in uncovering all cases of business fraud that may have transpired. Call the Mesriani Law Group today for a free evaluation of your business fraud case.