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I'm not talking about technical definitions. The fact is that if you have a fraud case in the USA, there's a 99% chance civil court is the only place it's ever
by terminalshort 1y ago
I'm not talking about technical definitions. The fact is that if you have a fraud case in the USA, there's a 99% chance civil court is the only place it's ever going to be filed.
- tptacek 1y agoFrom where do you draw that statistic?
- terminalshort 1y agoIt's not a statistic. It's my personal experience in business and what my lawyers have told me. The 99% is just a number I pulled out of my ass to mean "basically always." If I were going to put money on it, though, I would say it's actually an understatement. Do you have any statistics?
- tptacek 1y agoYes: the DOJ reports on things like qui tam cases and on total recoveries from all criminal fraud cases, and I think you have the ratio flipped.
- terminalshort 1y agoThe DOJ??? Are you even trying to be serious here claiming the feds are getting involved in anything more than a vanishingly small percentage of fraud claims?