Fraud and its Statute of Limitation

If you were to ask someone "What is fraud?" you might receive a response along the lines "What isn't fraud?" Now, this appears to be a cynical response that infers fraud is everywhere. For some, such an assessment may be a reality. However, fraud is not everywhere...but there is a great deal of it in many facets of society. If you have purchased something based on exaggerated advertising, you may have been a victim of fraud. The same can be said if you entered into a business arrangement with someone who completely misrepresented himself or his assets. Being charged for professional services that have not been rendered also will fall into the category of fraud. Basically, anything that is deceptive behavior is fraud. Such behavior lurks around many corners and if one is not careful, it is very easy to become a victim of fraud. In some instances, the damages inflicted by fraud can be severe.

Those who are the victims of fraud often feel indignant and violated. This is why they seek civil remedies for the harm that has befallen them. However, it is important to note indignation can not overcome the legal statute of limitations. That is, no matter how serious an act of fraud may be there is a limit to the amount of time legal proceedings can be initiated.

For those who have been a victim of fraud, it is critical to take legal action as soon as possible. The reason for this is that the statute of limitations for fraud in Pennsylvania is merely two years. While two years may seem like a long time on the surface, it really isn't. This is further complicated by the fact that much time may have already elapsed and the statute of limitations may be quickly approaching its expiration date.

Keep in mind, an attorney must file a case in order to initiate legal proceedings. Depending upon the complexity of the case, it may take some time to arrange the material needed to file suit. As such, it is important to bring a case to the attention of an attorney as soon as possible. If not, playing it too close with a statute of limitations may prove to be a costly error.

Of course, if you do approach an attorney with your case in a timely manner then the statute of limitations will not be an issue. Fraud cases, as with any legal action, have their deadlines. Staying within those deadlines allows you to pursue proper recourse.