What is the difference between civil fraud and money laundering?

Civil fraud and money laundering are two distinct and separate legal concepts. Civil fraud is the act of deceiving another person in order to obtain something of value such as money or property. It can also refer to the intentional misrepresentation of facts in order to make a profit. In California, civil fraud cases typically involve a breach of a contract or fiduciary duty, such as a breach of a sales agreement. A person who commits civil fraud may be held liable to the victim for any losses suffered. Money laundering, on the other hand, is the process of disguising the source of illegally obtained money. Money laundering typically occurs after criminal activities such as drug trafficking and theft. In California, money laundering is typically accomplished through use of offshore accounts, shell corporations, and other financial transactions. Money laundering is a federal crime and carries considerable prison time. In conclusion, the difference between civil fraud and money laundering is that civil fraud involves intentionally deceiving another person in order to make a profit, while money laundering involves disguising illegal activities to obscure the source of the illegally obtained money. Both are serious crimes with severe implications.

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What is the difference between civil fraud and money laundering?

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