Financial fraud is illegal or unethical exploitation by using funds, property, or assets of others for personal gain. It can be classified into two broad categories: theft of income and theft of assets.

The most common form is theft of income, typically involving less than $1,000 per transaction. The second type, which is often more extensive, typically involves fraud associated with forgery, counterfeiting and identity theft – or theft of assets.

Beyond these types of thefts, Stumar has dealt with many other forms of fraud over the years. These include fraud dealing with cell phones, financial institution employee and examiner schemes, Power of Attorney, advance fees or “419” fraud, and Internet sales or online auctions. We have also handled scams related to charitable donations, inheritance, international lotteries, telemarketing, stop foreclosure programs and investment property issues.

Stumar has investigated and gathered evidence for law enforcement on many financial fraud cases, working with the FBI and state and local law enforcement, as well as the Federal Trade Commission. We also have the experience, knowledge and law enforcement relationships to deal with the Federal False Claims Act, a simple statue that has grown in complexity and importance over the years. The Act provides that a person or entity may be held liable for knowingly submitting, or causing another to submit, false claims for payment of federal funds.

Whenever fraud is suspected, get the evidence to support your claims by contacting Stumar Investigations.