What is the difference between civil and criminal fraud?

The difference between civil and criminal fraud in Illinois is that civil fraud is a dispute between two private parties, while criminal fraud is a violation of the law and is prosecuted by the state. Civil fraud is a situation in which one individual fraudulently obtains something from another and the issue is settled between the two parties. Common cases of civil fraud are contracts, loan agreements, and other disputes in which one party has tried to get something to which they are not entitled. Criminal fraud, on the other hand, is when a person or company has intentionally committed a crime against the state. This can include fraudulently obtaining money, goods, or services from a third party, or defrauding the government. In this situation, the state is the victim and is the party responsible for prosecuting the alleged criminal. The crime itself can carry different penalties such as fines, prison time, or both. Civil fraud is between two individuals, while criminal fraud is an offense against the state that is punishable by the law. In Illinois, any illegal activities or actions that cause harm to another individual or company can result in criminal charges. It is important to remember that the penalties for a criminal fraud conviction are much more serious than those of a civil fraud case.

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What is the difference between civil and criminal fraud?

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