What are the differences between civil fraud and financial fraud?

Civil fraud is the deliberate misrepresentation of truth in order to gain a financial or legal advantage. This can encompass a number of activities such as lying on a loan application, providing false information to obtain payment, or exaggerating losses on an insurance policy. In California, civil fraud is governed by a variety of laws including unfair competition and false advertising. Financial fraud is any activity that involves misrepresentation of financial or investment information in order to gain a financial advantage. This can include falsifying financial documents, insider trading, money laundering, or fraudulently obtaining money or assets. It can also include misrepresenting the financial result of a company in order to influence its stock price. In California, financial fraud is primarily addressed through criminal laws such as those pertaining to securities fraud and other financial crimes. The difference between civil fraud and financial fraud is one of intent. In civil fraud, the goal is to obtain a financial or legal advantage, while in financial fraud, the goal is to obtain money or assets. Another important distinction is that civil fraud is generally addressed under civil law, while financial fraud is primarily addressed through criminal law.

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What are the differences between civil fraud and financial fraud?

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