What is the difference between civil fraud and statutory fraud?

Civil fraud and statutory fraud are two distinct categories of fraud. Civil fraud is when a person or entity deliberately deceives another, causing damages that the deceived party seeks to recover in a court of law. Civil fraud typically involves private matters between individuals or entities, and involves a breach of contract, negligence, or misrepresentation. Statutory fraud is when a person or entity knowingly misrepresents a material fact to another in violation of a law. Violations of statutory fraud occur when a person or entity intentionally misrepresents information in a way that could harm another or violate state or federal laws. Examples of statutory fraud in California include misrepresentations of facts to obtain a loan, or violating laws that protect consumers from being deceived about certain products or services. The main difference between civil fraud and statutory fraud is that civil fraud involves private matters, while statutory fraud involves violations of law. The remedies for each type of fraud are also different. In California, civil fraud cases may be decided in either state or federal courts, with monetary damages, injunctions, or other remedies available to the victim. Statutory fraud cases, however, are usually decided in state courts and can carry criminal penalties such as fines, imprisonment, or restitution, if found guilty.

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What is the difference between civil fraud and statutory fraud?

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