Friday, September 2, 2011

What Damages Are Recoverable for Fraud in Pennsylvania?

Damages for Fraud in Pennsylvania

If you have been the victim of fraud in Pennsylvania you are entitled to financial compensation for the loss.  In Pennsylvania fraud cases, the plaintiff is entitled to be fairly and adequately compensated: (1) in an amount measured by the difference between the value he/she gave and the value he/she received in the fraudulent transaction, and (2) for all monetary losses otherwise suffered as a result of the fraud in an amount measured by the difference between the value he/she gave and the value he/she was promised in this transaction sufficient to give them the benefit of the original agreement.  Because Fraud is an intentional violation of civil law the injured person is entitled to recover punitive damages as well so long as they can show that the defendant acted with malice i.e. a specific intent to deceive.

Also, in Pennsylvania claims of fraud often fall under the Unfair Trade Practices and Consumer Protection Act which permit the injured party to seek three times their specific damages.

If you believe you have been the victim of a fraud you should contact an attorney immediately to learn about your legal rights.  Also be advised that the statute of limitations in Pennsylvania for fraud is two years.  That means that in order for you to preserve your legal rights, you must file legal notice of your intent to sue within two years of the violation.

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1 comment:

  1. "A Los Angeles attorney was charged with 28 felony counts in connection with an insurance fraud scheme regarding staged accidents throughout Northern California.qui tam attorney