What is the difference between a civil and a criminal charge of fraud?

The difference between a civil and a criminal charge of fraud is that a criminal charge is more serious and carries the potential for punishment. Civil fraud charges are typically brought when a person or business has suffered a financial or property loss due to the action of another person or business. Criminal fraud, on the other hand, is a crime and involves a false statement or representation made with the intent to deceive and cause financial loss. In South Carolina, white collar crime is defined as a crime committed in the business or financial arena. This type of criminal activity includes fraud, embezzlement, money laundering, counterfeiting, stolen property, insider trading, and other related offenses. Civil fraud involves a complaint from one party against another, and the court will determine if the defendant is liable. The punishment could include a civil penalty, restitution, or other damages. Criminal fraud charges are more serious and can result in jail time and steep fines if convicted. Depending on the circumstances, a criminal fraud conviction could also result in someone being required to pay restitution, or face jail time. In South Carolina, the most severe punishment for a white collar crime conviction is a lengthy prison sentence.

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What is the difference between a civil and a criminal charge of fraud?

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