Fraud is a serious crime that can result in significant penalties. Fraud covers a broad spectrum of behavior and actions under Canadian law. However, the one thing most fraud cases have in common is that they are prosecuted aggressively. Fraud is not considered a victimless crime. Harsh punishment may await an individual following a fraud conviction. When you are ready to restart your life and move forward, your reputation could be significantly altered.
If you face criminal fraud charges in Toronto, you need to secure experienced legal representation immediately. You have rights. A lawyer with Posner Craig Stein, LLP, can help you protect your rights and fight the charges against you.
At Posner Craig Stein, LLP, our legal team has in-depth knowledge of the Canadian legal system. We can review your situation and craft a powerful defense strategy. For a confidential consultation, contact our Toronto office today. Our legal team is prepared to fight for you.
Fraud can encompass a variety of behaviours and is considered a significant criminal offence. Generally, fraud is the intentional act of deceiving someone to gain something of value. The legal definition of fraud is outlined in the Criminal Code of Canada. It defines fraud as the willful act of obtaining property, money, or something of value by deceit, falsehoods, or other fraudulent means. Even if an individual’s actions do not result in a loss to someone, if the individual intended to defraud a person or organization, they can still be charged with the criminal offence of fraud.
Legally, fraud is broken down into two separate categories:
Although both categories have similar fraudulent elements, they carry different penalties, which can significantly alter an individual’s life if they’re convicted.
Fraud is becoming increasingly common in industries like banking, commerce, and real estate. However, fraud can occur in almost any sector. It can impact large companies or individuals conducting business with one another. Canadian authorities take fraud complaints seriously and will aggressively investigate fraudulent schemes. If you find yourself on the wrong end of a fraud investigation, it can upend your life and lead to significant penalties and repercussions. A Toronto fraud lawyer can help protect your rights and sort through your legal options.
There are many different types of fraud, including:
Government Fraud – This significant offence involves willful attempts to defraud the government of money or assets.
Fraudulent activities involving money or assets valued over $5,000 is an indictable criminal offence. Penalties can include:
In fraud cases that exceed $1,000,000, a mandatory minimum jail sentence of two years can be imposed. A fraud conviction can also hurt your personal and professional relationships, making it much more challenging to secure work and housing after serving your sentence. The damage to your reputation can be significant. An experienced lawyer can help you fight the charges against you and advise you on your legal options.
If convicted of fraudulent activities with a monetary value of under $5,000, an individual may face penalties including:
Fraud under $5,000 is a hybrid offence, meaning the Crown can proceed by indictment or summary conviction. As a summary conviction, fraud under $5,000 can result in a maximum of 6 months in jail and fines up to $2,000. Most lesser fraud violations are treated as summary offences.
Fraud charges are not taken lightly by the Crown. If you are facing criminal offences related to fraudulent activities, you must seek the help of a knowledgeable criminal law attorney. At Posner Craig Stein, LLP, we will work to craft a dynamic defense strategy that offers you the best opportunity of obtaining a favourable outcome for your case.
You deserve effective legal representation. To confidentially discuss your case, contact our Toronto office today. We have experience navigating complex fraud cases and will strive to help you maintain your reputation.