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West Palm Beach Business & Personal Injury Attorney
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West Palm Beach Business & Consumer Fraud Attorney

Business and consumer fraud is on the rise, especially in the State of Florida. As a full-service law firm with an active commercial litigation practice, the attorneys at the law offices of Pike & Lustig, LLP understand our clients’ business litigation needs in both State and Federal courts. In fact, we handle business and consumer fraud matters in Federal and State Courts from the time of filing the lawsuit up through and including a jury trial. Let our West Palm Beach business & consumer fraud attorneys help you today.

Business Fraud and Consumer Fraud under Florida Law

Business fraud is any business activity involving deceitful practices which cause economic injury and damages. The elements of business fraud are:

  • A false representation of fact;
  • Made by another;
  • With knowledge that the representation was false when it was made;
  • With an intention to induce another to act or refrain from acting in reliance on the representation; and
  • Damages resulting therefrom.

Business fraud and consumer fraud are strikingly similar. The legal definition of consumer fraud is as follows:

“Consumer fraud occurs when, in the context of a business transaction, false statements of fact are made, the person making false statements knew that the statements were false when they were made, and that the other party in the transaction relied on the false statements to their detriment.”

Common and Blatant Examples of Fraud

A study done by LexisNexis Risk Solutions revealed that successful fraudulent transactions have risen by 95 percent from 2012 to 2015, as reported by debt.org. However, the percentage of prevented frauds matched that number, at 96.6 percent, revealing that fraud increased by over 190 percent in the previous few years alone. The cost to the economy? That number is around $40 to $50 billion per year at the retail level. Healthcare fraud is estimated to be at $200 billion in 2014, and the IRS was deceived out of $5.8 billion, both falling under the category of business fraud.

Experienced West Palm Beach Business & Consumer Fraud Attorneys

Our attorneys practice commercial litigation. We are particularly adept at recovering compensation for fraud victims who have suffered legal damages. If you believe you or your business is a victim of consumer or business fraud, contact our West Palm Beach business and consumer fraud attorneys at Pike and Lustig, LLP. Our attorneys have decades of legal experience, combined. We offer our clients sophisticated litigation services.

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