If you believe your business has been defrauded, North Carolina law protects business owners and consumers while punishing the business or individuals who commit the fraud.
Business fraud can be considered any business activity that is dishonest or deceptive. When a business defrauds an other business it is often referred to as business fraud or unfair and deceptive trade practices. In North Carolina, the defendant may be liable for treble damages for committing unfair and deceptive trade practices.
Consumer fraud, although similar to business fraud, happens when a business defrauds an individual consumer or a group of consumers. Often consumer fraud happens in a business transaction when false statements are made, and the person making the false statements knew the statements were false when they made the statements, and the victim(s) of the fraud relied on the false statement to their detriment.
In North Carolina, victims of fraud may recover punitive damages or treble damages, costs, and attorney’s fees.
Miller Law Group has collectively over 50 years of experience fighting for victims of fraud. If you believe you or your business has suffered from fraud or unfair business practices, contact us for a free consultation, or call 919-348-4361.