Business Fraud

Business fraud can affect almost anyone, from business owners and professionals to consumers. Breaches of contract or warranty, false representations, and almost any other type of transactional fraud fall under the broad category of “business fraud.” Our team of business and commercial attorneys represent both plaintiffs and defendants in business fraud litigation. Our Chicago business fraud lawyers carefully review the facts and legal theories and work to expose acts of fraud in order to provide diligent and aggressive representation for our clients.

Forms of Business Fraud

Business fraud may occur in any type of business or commercial transaction:

  • Business-to-Business: One business may commit fraud or misrepresent material facts in a negotiation or transaction with another business. This could include routine transactions, such as a vendor-to-customer relationship, or special transactions like the sale or merger of a business.
  • Business-to-Consumer: A business may breach warranties or make false representations in a transaction with a consumer, or a consumer may defraud a business. An extensive body of law governs allegedly fraudulent and deceptive practices that victimize consumers, but businesses can be the victims of consumer-driven scams as well.
  • Consumer-to-Consumer: Individuals engaged in financial or commercial transactions may commit fraudulent acts, such as in the sale of residential real estate or goods like an automobile.
Business Fraud Examples

Most examples of business fraud could occur in any of the types of transactions described above. Consumers often have more specific protections under the law, so businesses must often rely on common-law claims such as breach of contract. Some examples of business fraud include:

  • Consumer fraud, particularly alleged violations of deceptive trade practice statutes.
  • Breach of contract.
  • Breach of express or implied warranty.
  • Fraud in the sale of a business or franchise.
  • Investment fraud, such as misrepresentations regarding the financial projections for an investment.
  • Financial fraud, including conversion or misappropriation of funds, forgery, or various forms of wire fraud.
  • Disputes between business partners in an informal partnership, formal partnership, or joint venture.
  • Disputes among shareholders in a closely-held or family corporation.
  • Disputes among members in a limited liability company.
  • Fraudulent advertising and marketing schemes.
  • False representations about goods or services offered for sale.
  • Mortgage fraud, such as fraudulent or deceptive offers to refinance or service a mortgage.
  • Real estate fraud, including false representations regarding ownership of real property and failure to disclose known defects in the title or physical condition of real property.
Our Experience and Approach

Serving clients in Chicago and beyond, our business fraud attorneys conduct a meticulous review of the facts of each case to find critical evidence and winning theories of recovery. This approach has yielded powerful results in many of our cases. We retain the services of certified fraud examiners, business appraisers, forensic accountants, and other experts in the field of fraud investigation. These experts root out fraud, locate missing assets, and build the evidence needed to provide our clients with the most effective and comprehensive protection possible.

Lubin Austermuehle, P.C.’s Chicago business fraud attorneys have offices in Elmhurst and Chicago, Illinois. We represent clients throughout Illinois, including the Chicago area and DuPage County, as well as Indiana and Wisconsin. To schedule a consultation with a business fraud lawyer in Chicago, contact us via email, at 833-306-4933, or locally at 630-333-0333.

Chicago Business Litigation Lawyer Blog - Certified Fraud Examiner
Client Reviews
"I was referred to Peter Lubin from someone in the car business to handle a law suit. From the moment I made the appointment Peter and his staff were outstanding. This wasn't an easy case, most lawyers had turned me down. However, Peter took the time to meet with me and review everything. He took on the case, and constantly communicated with me about updates and case information. We beat this non-compete agreement case in record time. I would use him again and recommend him to my closest family and friends. 5 stars is not enough to thank him for his service." Sebastian R.
"I worked on two occasions with Peter Lubin and his staff. They took their time with me and discussed each and every item in detail. The group makes you feel like you are part of the family and not just another hourly charge. I recommend Peter to anyone who asks me for a referral. If you are looking for a top notch attorney at a reasonable rate, look no further than Lubin Austermuehle." Kurt A.
"Excellent law firm. My case was a complicated arbitration dispute from another state. Was handled with utmost professionalism and decency. Mr. Peter Lubin was able to successfully resolve the case on my behalf and got me a very favorable settlement. Would recommend to anyone looking for a serious law firm. Great staff and great lawyers!" Albey L.
"I have known Peter Lubin for over 30 years. He has represented me on occasion with sound legal advice. He is a shrewd and tough negotiator leading to positive outcomes and averting prolonged legal hassles in court. He comes from a family with a legal pedigree and deep roots in Chicago's top legal community. You want him on your case. You need him on your opponents case. He won't stop fighting until he wins." Christopher G.
"Peter and his team helped us with an auto fraud case. They communicated well (timely and very responsive), investigated deeply, and negotiated a very good settlement. We were able to resolve our significant issue without a large burden and in a manner that allowed for us to come out ahead. I'd recommend Peter and his team strongly!" R.J. Callahan
"Peter was really nice and helpful when I came to him with an initial question about a non-compete. Would definitely reach out again, recommended to everyone." Johannes B.