What is the liability for fraud?

What responsibility is there for fraud?

Fraud is an offense that involves deception to gain financial benefit. It can be extremely dangerous both for individuals and society in general. From document forgery to complex internet crimes – each type of fraud has its own features and specific sanctions applied to individuals who commit such crimes.

In Ukraine, according to the Criminal Code, there are several types of fraud, each of which is punished differently depending on its nature and scale. However, in all cases, fraud is a serious crime with severe consequences for the perpetrator.

The most common types of fraud

Different forms of fraud can be found in Ukraine and worldwide. Here are some of them:

• Document forgery: falsification of legal documents such as contracts, agreements, certificates, etc. This is one of the most common types of fraud, punished under Article 358 of the Criminal Code of Ukraine.
• Tax fraud: providing false information to avoid paying taxes or reduce tax obligations.
• Insurance fraud: inventing facts or manipulating information to obtain illegal insurance payments.
• Credit fraud: using forged or stolen documents to obtain credit or a loan.
• Internet fraud: deception through online resources, including phishing, online shopping fraud, fake investment projects, etc.

What punishment is there for fraud?

Various punishments are provided for fraud depending on the severity of the crime and the circumstances. Article 190 of the Criminal Code of Ukraine regulates these issues, specifically:

1. Fines: Significant fines may be imposed on individuals who commit fraud, which can reach a considerable amount depending on the type of crime.
2. Imprisonment: For especially serious cases of fraud, imprisonment of up to 12 years may be imposed, with the possibility of property confiscation.
3. Property confiscation: In addition to imprisonment, the court may impose sanctions in the form of confiscation of property obtained through fraud.

How can fraud be avoided and your rights protected?

Fraud can be avoided through several simple but important measures. It is important to always verify the authenticity of documents and agreements before signing them, and to be cautious when making financial transactions, especially online.

Key tips to prevent fraud:

• Check the information: carefully verify documents, agreements, contracts, and other legal documents before signing.
• Do not share personal data: do not provide your personal data to strangers or online without verifying the legitimacy of the request.
• Avoid suspicious online offers: avoid dubious offers on the internet, such as fake investment projects or attractive product purchase offers.

Questions and Answers

How can we help?

Legal consultation: Our lawyers will help you understand how to protect your rights and avoid fraud, as well as advise you on criminal liability matters.

Document preparation: We will help you prepare the necessary documents for your protection and submission to court.

Defense in court: Our lawyers will represent your interests in court and help you defend against fraudulent actions.