What are the penalties for criminal fraud?

In Virginia, criminal fraud is a serious offense with harsh penalties. Depending on the severity of the fraud, the perpetrator may be charged with a misdemeanor or felony. If convicted of a misdemeanor, they may face up to a year in jail and/or a fine of up to $2,500. If convicted of a felony, they may face one to twenty years in prison and/or a fine of up to $100,000. In addition to criminal penalties, someone convicted of fraud in Virginia may also have to pay restitution in an attempt to make up for any financial harm caused by the fraud. Restitution can include paying back the money taken as well as any additional costs associated with the fraud. In extreme cases of fraud, Virginia law allows for a conviction of up to life in prison without parole. This is usually reserved for frauds that involve more than $100,000, or for cases where the fraud is particularly egregious. Ultimately, the type and severity of the penalty for fraud in Virginia is determined by the court system based on the facts of the case. It is important to remember that fraud is a serious crime that carries significant legal and financial consequences.

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What are the penalties for criminal fraud?

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