Fraud is defined as all multifarious means that human ingenuity can devise, and which are resorted to by one individual, to get an advantage over another by false suggestions or suppression of the truth. It includes an individuals use of surprise, tricks, cunning or dissembling, or any unfair way cheat another. Under common law, three elements are required to prove fraud: a material false statement made with intent to deceive, a victim’s reliance on the statement, and damages.
Exponent assists its clients in measuring the actual loss resulting from a fraud. These losses may be caused by employee theft, embezzlement, forged instruments, kickbacks, misappropriation of assets, fictitious vendor and employee schemes, financial misappropriation, just to name a few.
Exponent works with our clients in seeking recovery of the fraud loss sustained. Our support includes clearly written reports, as well as expert testimony in civil and criminal actions, if necessary.