Toledo Fraud Lawyer

Being charged with fraud in Ohio can have substantial effects, some of which are life-changing. These include hefty fines, jail time, and restitution. We have seen business relationships and careers become ruined by mere accusations of fraud.

This is a complex field of law where the key to successful results or a reduced sentence depends on hiring the right Toledo fraud lawyer. If you have been charged with fraud in Toledo or surrounding areas, do not hesitate to contact Patituce & Associates for the best legal representation.

Call us today at 419-737-4556 for a free consultation with our Toledo white-collar crime lawyers!

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What Is Considered Fraud in Toledo, OH?

According to chapter 2913 of the Ohio Revised Code, fraud is defined as the criminal act of deception. In this regard, deception refers to knowingly deceiving another party by:

  • False or misleading representation
  • Withholding information
  • Preventing another party from getting information
  • Through any other act, conduct, or omission that makes the impression, advances, or confirms a false impression in another party.

Simply put, fraud involves making deceptive misinterpretations leading to an individual, entity, or government agency handing over services, money, products, or benefits to the party making the misinterpretations

What Are the Common Types of Fraud?

Our Toledo criminal defense attorneys defend clients accused of many different fraud offenses, including the following.

Bank Fraud

This is the criminal or illegal act of a party to illegally try to receive or possess money from a bank or financial institution. Examples of bank fraud include credit card fraud, check fraud, and electronic fraud.

Embezzlement

Also known as theft by conversion, embezzlement occurs when a party converts another individual’s or organization’s assets to themselves, often through the violation of their fiduciary duties. In Ohio, embezzlement can either be a misdemeanor or a felony, with the latter carrying more extensive penalties.

Money Laundering

Money laundering is a crime where one gains money via illegal acts and hides the funds’ origin through financial transactions. Ohio considers this a serious crime and can have the participants jailed for decades.

A Businessman Stealing Money Who Needs a Toledo Fraud Lawyer

Tax Fraud

This is the deliberate omission or misrepresentation of data on tax returns. Under the law, you are obligated to file a tax return and pay the right amount of sales, employment, excise, and income taxes. Failure to do so is considered tax fraud.

Welfare Fraud

This is the use or abuse of government-provided safety programs. It mostly happens when a party provides incomplete or inaccurate information in order to receive benefits that they would not otherwise qualify for, These include food stamps, Medicaid, money, housing, etc.

Real Estate Fraud

This happens when a party provides false information about real estate in order to obtain money from the victim. An example is when a seller gives false information about the square feet of the property, leading to a negative impact on the buyer. Some types of real estate fraud include title fraud, mortgage fraud, foreclosure fraud, and syndicator fraud.

Ponzi Schemes

This is a form of fraud whereby the victims are promised high rates of return with minimal risk. They are designed to generate returns for the early investors using the money received from later investors.

What Are the Penalties for Fraud in Ohio?

Common fraud and various types of the same that result in theft of something of less than $1,000 in value are considered 1st-degree misdemeanors. A conviction of this can lead to the guilty party being ordered to pay restitution, sent to jail for up to 3 months, and pay a fine of up to $1,000.

It is important to note that penalties go up as the value of theft by fraud increases. Fines can be up to $20,000 and a jail term of up to 11 years. Again, this depends on the severity of the crime.

Ohio may also treat some kinds of theft by fraud as 5th-degree felonies no matter the amount of money stolen. Situations like these include:

  • The victim was a senior (older than 65), disabled, or an active duty member of the military.
  • The item obtained or used by fraud is a license plate, check, credit card, or license form.

Hire the Best Toledo Fraud Lawyers Today!

Being charged with any form of fraud is no joke. You need the best legal representation in order to avoid the substantial effects of such a charge. At Patituce & Associates, we have experience in this field and our team will work hard to ensure the best results. Contact us today at 419-737-4556 to get started.

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