What is a civil fraud claim?

A civil fraud claim is a type of legal action that is brought when an individual or business has been deliberately deceived or cheated. In Colorado, civil fraud claims may be brought in state court, or a person may choose to attempt to settle the dispute with the opposing party out of court. Generally, to prove a civil fraud claim in Colorado, a person must prove that there was an intentional misrepresentation of a material fact, that the opposing party acted with knowledge of the falsity of the statement, that the accuser relied on the statement, and that the accuser suffered damages as a result of relying on the statement. The damages may involve a variety of civil losses, including economic losses. Civil fraud claims are distinct from criminal fraud claims, which involve criminal charges brought against an individual or business. In civil fraud cases, the accuser is usually seeking a monetary damages award to recover losses that have been suffered. In Colorado, civil fraud claims are typically subject to a three-year statute of limitations, which means that a person must bring their claim within three years of the date of the alleged fraud. Additionally, punitive damages may be awarded in civil fraud cases if the court finds that the opposing party acted with particularly egregious wrongdoing.

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What is a civil fraud claim?

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