What is the difference between civil and criminal fraud?

The difference between civil and criminal fraud lies in the punishments and outcomes for each type of fraud. Civil fraud involves a private individual or business suing another individual or business over alleged fraud, such as deceptive business practices or breach of contract. The outcome of a civil fraud case is usually monetary compensation for the victim or a contractual agreement between the two parties. Criminal fraud involves a state or federal government agency filing criminal charges against an individual or business due to accusations of fraud. Examples of criminal fraud include credit card fraud, wire fraud, embezzlement, and more. The punishment for a criminal fraud conviction can range from fines to jail time. In Oklahoma, civil fraud is handled in the civil court system, while criminal fraud is handled in the criminal court system. Both types of fraud can have serious consequences, both financial and otherwise. It is important to understand the difference between civil and criminal fraud in order to protect yourself from legal repercussions.

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What is the difference between civil and criminal fraud?

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