Dallas and New York Employment
Lawyers for Business Fraud

Solid Business Fraud Investigation and Prosecution

A strong argument can be made for the spike in business fraud during economic recessions. The truth is dishonesty in the workplace occurs all the time, no matter the economic climate. In bad times, we hear more about it. In good times, scams occur just as frequently. Business fraud is most often committed as a result of the personal circumstances of the perpetrator. Whether you are a company or individual, Kilgore Law will help you sort out the legal implications of any deception discovered in your place of business.

Business Fraud Hurts Everyone

When fraud occurs, not only is the affected company negatively impacted, but also, its employees, vendors and sometimes its entire industry. The recent economic downturn is a testament to the power of corporate fraud to hurt the entire business community, the general public and foreign countries.

Business Fraud Comes in Different Ways

Kilgore + Kilgore handles many different types of business fraud cases including the following examples:

• Employee Fraud and Embezzlement - with access to corporate credit cards and bank accounts, rogue employees and executives can manipulate the business for their personal benefit. Kilgore + Kilgore has investigated and uncovered employees embezzling funds through credit cards, transferring funds to themselves through fictitious business transactions and by stealing trade secrets.
• Computer Fraud – Most computer fraud goes unreported because companies fear bad publicity and future attacks by hackers who already perpetrated strikes. Estimates of the damage from computer fraud range from $300 million to $9 billion per year. An average cost per incident estimate ranges from $50,000 to $1 million. Both managers and employees commit computer fraud. An estimated 85 percent of all such fraud involves an unethical individual inside the company.
• Business to Business Fraud – In an efficient market, companies conduct business in an honest manner. While fraud can be found in almost any line of business, certain companies have special appeal to dishonest people. The more competitive a business is, the more vulnerable it is. Many small and medium sized businesses are susceptible to internal theft because they do not have the systems in place to protect against it. The essential characteristic of fraud is the intent to deceive. Typical scams include overbilling, fictitious sales, fake bank loans and fake bank references.
• Publicly Traded Companies – This year, the Dodd-Frank Act was passed by Congress, giving the Securities and Exchange Commission more teeth to help whistleblowers who have genuine proof of a company's perpetration of fraud or bribery. It provides large dollar awards to the whistleblowers. Before that, Sarbanes Oxley went into effect, providing guidelines that publicly traded companies must adhere to and offers best-practice principles for their managers. While providing protection for the little guy, these and other legislative maneuvers to govern publicly traded companies offers opportunities for employees and managers to come forward and be protected.
• Consumer Fraud – Examples of fraud against the general public include franchise opportunities promising quick profits and large returns on investment, pyramids and Ponzi schemes.
• Securities Fraud

Our business law attorneys are committed to justice for victims of business fraud:

• Dallas, Austin, Houston, Texas Statewide: 214-969-9099
• New York: 888-496-0136

If you believe you may have a legitimate claim of business fraud, contact Kilgore + Kilgore today by calling one of the numbers given above or by clicking here to set up a free consultation: Business Fraud Legal Advice.