Business Fraud

Business fraud can impact almost anyone, from business owners and professionals to consumers. Breaches of contract or warranty, false representations, and nearly any other transactional fraud fall under “business fraud.” Our Business Fraud Attorneys team represents plaintiffs and defendants in business fraud litigation. Our Schaumburg Business Fraud Attorneys carefully review the facts and legal theories and work to expose acts of fraud to provide diligent and aggressive representation for our clients.

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Forms of Business Fraud

Business fraud may occur in any 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, such as 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 also be the victims of consumer-driven scams.
Consumer-to-Consumer: Individuals engaged in financial or commercial transactions may commit fraudulent acts, such as selling residential real estate or goods like automobiles.

Business Fraud Examples

Most examples of business fraud could occur in any of the 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 informal, formal, or joint ventures.
• 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 Business Fraud Experience and Approach

Our Business Fraud Attorneys in Schaumburg meticulously review 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 fraud investigation. These experts root out fraud, locate missing assets, and build the evidence to provide our clients with the most effective and comprehensive protection possible.

Gardi, Haught, Fischer & Bhosale LTD’s  Business Fraud Attorneys in Schaumburg represent clients throughout Illinois, including the Schaumburg area and Cook County. To schedule a consultation with a Business Fraud Attorney in Schaumburg, contact us via the form below or at (847) 944-9400.

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