Corporate Fraud

In the broadest sense a fraud is an intentional deception made for personal gain or to damage another individual. It’s a crime and is also a civil law violation. Our agency has assisted in solving multiple cases in the following fields:

Identity fraud is the result of identity theft,which is a term used that involves someone pretending to be someone else in order to steal money or get other benefits. In this situation, a criminal acquires personal identifiers and then impersonates someone for the purpose of concealment from authorities. Identity theft can be sub-divided into five categories:

		Business/commercial identity theft (using another's business name to obtain credit).
		Criminal identity theft (posing as another when apprehended for a crime).
		Financial identity theft (using another's identity to obtain goods and services).
		Identity cloning (using another's information to assume his or her identity in daily life).
		Medical identity theft (using another's information to obtain medical care or drugs).

Corporate theft can make the difference between success and failure if a trade secret is stolen. The information competitors seek may be client lists, supplier agreements, personnel records, research documents, or prototype plans for a new product or service.

Confidential information should be protected through non-compete and non-disclosure contracts with its employees. But in many cases the competitors try to discover one another's trade secrets through potentially unlawful methods. The importance of that illegality to trade secret law is as follows: if a trade secret is acquired by improper means (a somewhat wider concept than "illegal means" but inclusive of such means), the secret is generally deemed to have been misappropriated. If a trade secret has been acquired via industrial espionage, its acquirer will probably be subject to legal liability for acquiring it improperly.