Legal Question in Business Law in California

Fraud

I have been asked by a ''client'' to submit a invoice of 50K to a lender for services I have not performed. Then cancel the service agreement and forward all the funds to the ''client''. Isn't this fraud?


Asked on 1/18/07, 3:44 pm

2 Answers from Attorneys
Terry A. Nelson Nelson & Lawless

Re: Fraud

Yup. If you do this, I hope you like prison.

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Answered on 1/19/07, 3:49 pm
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

Re: Fraud

I take it you are a contractor and the loan is a construction loan, or something of this sort.

Absolutely, this is fraud.

Not only that, unless this lender is really asleep at the wheel, it is easily discoverable. On a 50K draw, the lender is likely either to require more documentation, which you won't be able to provide, or is going to make an inspection.

Don't get involved.

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Answered on 1/18/07, 4:00 pm


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