civil fraud penalties

Civil fraud penalties are legal consequences imposed on individuals or businesses found to have engaged in deceptive practices for personal gain. These penalties can include fines, the requirement to pay restitution to victims, and, in some cases, the cancellation of licenses or permits. Unlike criminal fraud, which might lead to imprisonment, civil fraud focuses on compensating those harmed and discouraging future misconduct. Courts assess the severity of the fraud and the extent of damages when determining penalties, aiming to uphold fairness and integrity in business and financial practices.