More than 20,000 fraud and cyber crimes are committed every day.
One in every 10 American adults have lost money to scams or ponzi schemes in the last year.
What is fraud?
Fraud is a misrepresentation of a fact made either to deceive, or recklessly without or by knowledge, or made by mistake and acted upon by another person to that person’s detriment. If you are harmed as a result of the misrepresentation, you may have been the victim of fraud.
What to look for?
If you have been the victim of a misrepresentation, any document that contradicts that misrepresentation can severely affect your case. For example, if the salesperson makes promises and those promises are not contained within a sales contract, your claim for fraud may be defeated. It’s always important to read any documents associated with a transaction and ask to ask questions if you aren’t sure what the document says.
What are my damages?
Any damage that you suffer as the result of relying on the misrepresentation is recoverable under Alabama law. If the misrepresentation is intentional or made recklessly, then punative damages can be assessed to punish the wrongdoer and to serve as a deterrent to others.
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