What is Criminal Fraud in Texas?
Fraud is a broad category that covers a wide variety of scenarios. In Texas, like other states, fraud can be thought of this way: it’s the act of making a deliberate, purposeful misrepresentation with the intent to harm someone who relies on the information you have misrepresented. Victims of criminal fraud suffer actual loss as a result of this deception. Fraud can involve small amounts of money or millions of dollars, but in each instance, the penalties for any kind of fraud conviction can greatly impact your future.
Types of Fraud
The criminal justice system takes fraud seriously. There are a number of scenarios that fall under the category of criminal fraud at the state level including:
- Credit fraud
- Issuing a bad check
- Deceptive business practices
- Commercial bribery
- Rigging a public contest
- Misapplication of fiduciary property
Fraud can also be a federal offense such as in cases of:
- Bank fraud
- Identity theft
- Healthcare fraud
- Mail fraud
- Tax fraud
- Securities fraud
The penalty for fraud depends on whether the crime was a federal or state offense and whether it’s classified as a felony or misdemeanor. In general, penalties may include:
- Compensation to victims
It also depends on how severely the alleged fraud impacted others. For example, fraud involving less than $100 may result in a Class C Misdemeanor and fines up to $500, while fraud involving more than $150,000 may result in a felony charge, a $10,000 fine, and 20 years of prison time. Federal offenses can carry a penalty of up to 30 years in prison and a $1 million fine.
Why You Need a Dedicated Fraud Attorney
It’s not a good idea to approach your fraud case alone. The laws can be complicated and carry severe penalties that could impact the rest of your life. As a former prosecutor himself, Tom Cox understands how the mind of a District Attorney works and will use that information to develop a comprehensive strategy. People deserve to have someone in their corner protecting their freedom during the scariest moments of their lives and with Tom Cox, you’ll get experienced dedicated representation.