Financial Fraud

When you pay someone, you expect to get what you paid for in return and you expect the person you paid to follow the law.  However, all too often people are defrauded into paying money because some person or some business misled them into paying money for services never rendered.  Financial fraud results in billions of dollars being lost by unsuspecting victims every year across the United States.  

In order for a party to prove financial fraud, they must prove (1) a false statement of a material fact, (2) knowledge on the part of the defendant that the statement is untrue, (3) intent on the part of the defendant to deceive the alleged victim, (4) justifiable reliance by the alleged victim on the statement, and (5) injury to the alleged victim as a result.

Financial fraud can come in many shapes and sizes.  There can be investment fraud, where a broker takes payments from you make investments, and then never does or misdirects your money into some scheme, such as a Ponzi scheme.  There can be billing fraud, where a creditor bills you for services that were never rendered.  Billing fraud is becoming a particular problem in the medical field.  Additionally, many companies and medical facilities will commit financial fraud against the government and retaliate against workers who expose the fraud, harming taxpayers and whistleblowers.

While fraud is an independent criminal offense in both Kentucky and Indiana that can land a person in jail, private persons can also be injured by a bad actor’s fraud and deserve compensation for their injuries.  Here at the Poppe Law Firm^®, we have successfully dealt with fraud actions ranging from unlawful debt collections to medical billing fraud.  If you believe you have been injured by a defective product, please contact us online, or give us a call at (502) 895-3400.