Business Fraud

Business Fraud
Business and Commercial Litigation Attorneys

Anyone can be a victim of business fraud. Our attorneys represent consumers, business professionals and business owners who are involved in litigation pertaining to business fraud.

Business fraud may take several forms. It may involve a business-to-business fraud or business-to-consumer fraud. Our experienced trial lawyers represent plaintiffs and defendants in both business-to-business and business-to-consumer fraud claims.

Examples of business fraud may include consumer fraud, breach of contract, breach of warranty, fraudulent sale of a franchise, investment fraud, financial fraud, partnership disputes, shareholder disputes, fraudulent advertising and marketing schemes, false representations, mortgage fraud and real estate fraud. These are just a few examples of business fraud. If you feel you have been a victim of business fraud or if you have been accused of business fraud and need quality legal representation, we encourage you to contact a business and commercial litigation attorney at our firm.

Our Experience and Approach

Our attorneys conduct a meticulous review of the facts to discover critical evidence and winning theories of recovery that have gained powerful results in many cases. To provide clients with the most effective and comprehensive protection, we enlist the services of certified fraud examiners, business valuators, forensic accounts and other leading experts to uncover fraud, discover missing assets and gather evidence vital to the resolution of claims.

Contact Us

Our firm has offices in Oakbrook Terrace and Chicago, Illinois. We proudly represent clients throughout the Chicagoland area, DuPage County and other areas within Illinois. We also represent clients in Indiana and Wisconsin. To contact a lawyer at our firm, call (877) 990-4990 or (630) 333-0000. You may also contact us by e-mail.

The following information about fraud is provided for the benefit of consumers and business professionals visiting this Web site.

Occupational Fraud and Abuse

In his article, An Unholy Trinity: The Three Ways Employees Embezzle Cash, the founder of the Association of Certified Fraud Examiners in Austin, Texas, JOSEPH T. WELLS, states:

"According to the 1996 Report to the Nation on Occupational Fraud and Abuse, a study conducted by the Association of Certified Fraud Examiners, embezzlement schemes such as Miano's are both prevalent and incredibly costly. Also known as The Wells Report, the study concludes that the average company loses about six percent of its gross revenues to all forms of occupational fraud and abuse. That staggering sum, if multiplied by the gross domestic product of the U.S., would mean an annual cost of more than $400 billion. Embezzlement, along with fraudulent statements and other corrupt acts such as bribery and bid rigging, represent the principal ways employees defraud their organizations."

Real Estate Fraud and Mortgage Fraud

According to the Internal Revenue Service Web site:

"Some of the common real estate fraud schemes include: Property Flipping — A buyer pays a low price for property and then resells it quickly for a much higher price. While this may be legal, when it involves false statements to the lender, it is not. Two Sets of Settlement Statements — One settlement statement is prepared and provided to the seller accurately reflecting the true selling price of the property. A second fraudulent statement is given to the lender showing a highly inflated purported selling price. The lender provides a loan in excess of the property value, and after the loans are settled, the proceeds are divided among the conspirators. Fraudulent Qualifications — Real estate agents assist buyers who would not otherwise qualify by fabricating their employment history or credit record."

To contact an attorney at our firm about business fraud, please contact our law office in Oakbrook Terrace or Chicago, Illinois. For assistance, call (877) 990-4990 or contact us by e-mail.