BUSINESS FRAUD ATTORNEYS IN ATLANTA SEE DRAMATIC INCREASE IN NUMBER OF CASES
Atlanta business law firms that practice in the area of fraud litigation have seen a dramatic rise in the number of cases. The Atlanta, Georgia, fraud lawyers at my firm believe the increase in the number of fraud cases is due to the troubled economic times that persons and businesses in the Atlanta, Georgia, area are experiencing. In this troubled economy, we believe otherwise honest people have turned to fraudulent activities to make ends meet.
In a well-known case, ReMax North Atlanta v. Clark, 244 Ga. App. 890 (2000), the Georgia Court of Appeals elaborated on the tort of fraud, which has five essential elements. They are as follows:
1. A false representation or omission of a material fact;2. Scienter – or knowledge;
3. Intention to induce the party claiming fraud to act or refrain from acting;
4. Justifiable reliance; and,
5. Damages
Fraud can take place in many areas of business. Presently, our Atlanta fraud lawyers are seeing the largest number of fraud cases in the areas of real estate transactions, the construction and building of homes, and the accounting and managing of monies or assets.
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