What are the damages available for civil fraud?

In Colorado, someone who has been the victim of civil fraud may recover damages, or financial compensation for losses they have suffered. Depending on the type of fraud and the circumstances, damages may include actual losses, such as the amount the victim has spent as a result of the fraud, or disgorgement of unlawful profits gained by the fraudster. In addition, a victim may also be able to recover damages for any additional losses they have incurred as a result of the fraud, such as consequential or incidental losses, emotional distress, and punitive damages. Consequential damages are those which result from the fraud, such as lost wages and lost business opportunities. Incidental damages may be awarded for expenses incurred in attempting to rectify the effects of the fraud, such as legal fees. Emotional distress and punitive damages are more difficult to quantify. Emotional distress damages are intended to compensate the victim for any pain and suffering resulting from the fraud. Punitive damages, on the other hand, are intended to punish the wrongdoer for their actions and can be quite substantial. In some cases, the victim may also be able to obtain an injunction or other relief to prevent the wrongdoer from engaging in similar conduct in the future. This form of relief is intended to protect the victim and help ensure that the fraud does not happen again.

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What are the damages available for civil fraud?

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