Denver Business Fraud Lawyer

Fraud comes in many forms. Fraudulent actions may be something as simple as failing to deliver a promised good or service. In more complex situations, fraud may involve a violation of the state’s Consumer Protection Act.

Regardless of the exact way that you suffer harm because of business fraud, you have the right to seek out compensation for your losses. In some situations, you may even be eligible to demand double damages if your case involves willful or wanton misconduct. These laws exist as a way to keep businesses in line as well as to provide appropriate remedies for consumers who have been wronged.

If you suffered losses because of fraudulent activity, a Denver business fraud lawyer could help. One of our attorneys could explain your legal rights and help you demand proper compensation in settlement talks and the courtroom.

Laws that Protect Individuals from Business Fraud

The law defines fraud as the taking of another person’s property by using deceit or other forms dishonesty. According to Colorado Revised Statute § 6-1-105, businesses must not take any action with the intent of confusing, misleading, or otherwise cheating business partners. These partners can include both private citizens and the parties who run companies. The law gives power to the state’s Attorney General to investigate instances of business fraud. It also states that the parties who suffer harm because of a violation of the act have a private cause of action to seek a remedy. The outcome of an Attorney General’s investigation can lead to the discovery of strong evidence of fraud.

The Consumer Protection Act also gives individual consumers the ability to seek damages when a business engages in unfair practices. A Denver lawyer could determine if the violation of any of these laws has led to a viable business fraud case and help those who suffered losses take legal action.

Common Examples of Business Fraud in Denver

Every person or company who purchases a product or who sells on the marketplace is vulnerable to potential fraud. In fact, merely visiting a store or shopping on a website can expose people to fraudulent acts, even if they do not make a purchase. All sellers have an obligation under state law to follow the Consumer Protection Act. This act provides a list of activities that constitute business fraud.

Some common examples may include:

• The sale of used or damaged good while representing that they were new
• Falsely disparaging the good or services of another business
• Knowingly making false statements concerning the origin or source of goods
• Failing to disclose goods as suffering damage due to water or fire

Both private citizens and companies have a right to seek a remedy if they believe that another party has participated in these unfair business practices. Hiring a Denver attorney could help parties identify business fraud practices and evaluate their legal actions when seeking compensation.

Speak with a Denver Business Fraud Attorney

If you have suffered losses as a result of a company’s unfair or unethical business practices, you may have legal options to seek compensation. A Denver business fraud lawyer may be able to provide the help that you need. An attorney could explain your legal options and outline your rights. By gathering information about the case and using the law as a framework, an attorney could fight for the compensation that you need to set things right. Reach out today to learn more.