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It is possible to recoup losses from fraudulent transactions

Near the beginning of the movie “Glengarry Glen Ross,” a character named Blake, played by Alec Baldwin, is dressing down an underperforming sales staff at a real estate office. Blake chides the staff by telling them that the only thing in life that matters is to “get them to sign on the line which is dotted.” He is, of course, referring to potential customers. As it turns out, Blake’s company is in the business of misleading people into overpaying for parcels of land.

The movie is filled with characters who have no regard for the fact that they are lying to people in an effort to get them to commit to a bum real estate deal. And while this movie may be a work of fiction, the type of fraud it depicts exists in real life.

Once you have signed on the dotted line of a contract, you have made a legal commitment to follow through on all agreed upon terms. Therefore, if at some point you realize that you are not getting what you believed you were paying for, you may think that you are bound to the transaction, even if it causes an economic loss.

However, this may not be the case and you may have recourse. An attorney could look at your situation and perform a thorough investigation. The investigation is intended to determine if your trust had been violated in a fraudulent and illegal manner. If this appears to be the case, the attorney may then be able to pursue avenues that could lead to your recouping your losses. It is even possible, in some circumstances, to receive punitive damages as well.

If you would like to learn more about how this firm handles cases of fraud, then please visit this page.

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