Los Angeles Wire Fraud Attorney

Common Elements in Fraud Cases

According to US federal code - Chapter 47 - fraud can entail any situation involving false statements for the purpose of personal gain. Under common law, fraud consists of nine elements:

  • Representation of an existing fact
  • The significance of the fact to the issue at hand
  • The falsity of the fact
  • The speaker's awareness of its falsity
  • The speaker's intent that it will be acted upon by another party
  • The other party's ignorance of its falsity
  • The other party's dependence on the truth of the representation
  • The other party's right to rely upon it
  • Subsequent damages or losses suffered

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