Iowa Fraud Laws

fraud iowa penalties

Recently, I blogged about theft laws in Iowa. One of the ways to commit theft in Iowa is to engage in “fraudulent practices”. Fraudulent practice is more commonly known as fraud.  In Iowa, there are a lot of different ways a person can commit fraud.  Here are some examples of that:

  • Selling and accepting payment for goods that do not exist
  • Selling counterfeit goods; altering a tag, packaging, etc. that misrepresents the quantity or quality of the goods; possessing a counterfeit label intending to put it on goods
  • Damaging, altering, or making inoperative a meter or measuring device such as water meter, electric meter, etc, with the intent to defraud
  • Removing or defacing a Vehicle Identification Number (VIN)
  • Obtaining possession of someone else’s property by lying to them and saying that they either won or are about to win a prize

Similar to theft, the level of crime and a person’s punishment in Iowa is based on the value of the goods or services affected. This value is either the market value in the community, the replacement value, or the actual value.  If multiple acts are committed, and those acts are connected to a single plan or scheme, then values of those acts could be combined. There are five degrees of fraud in Iowa:

  • Fraudulent practice in the 1st degree is a class “C” felony and occurs where the amount of money or value of property involved is greater than $10,000
  • Fraudulent practice in the 2nd degree is a class “D” felony. This occurs where the amount involved is greater than $1,000 but less than $10,000; or if the person had been convicted of fraud before
  • Fraudulent practice in the 3rd degree is an aggravated misdemeanor. This occurs when the amount involved is greater than $500 but less than 1,000; or if the person committed fraud by counterfeiting goods; or if it is impossible to determine the amount or value in controversy
  • Fraudulent practice in the 4th degree is a serious misdemeanor. This occurs when the amount involved is greater than $200 but less than $500
  • Fraudulent practice in the 5th degree is a simple misdemeanor. This occurs when the amount involved is less than $200

As you can see, fraud is a very complex crime in Iowa. There are many different ways to commit fraud, and many different ways to be punished for it. That is why, a person charged with fraud needs an experienced and knowledgeable attorney to provide guidance, assistance, and to get the best outcome. So, if you or your loved one is charged with Fraudulent Practices in Iowa, do not hesitate to call us at Stowers and Sarcone Law Firm at 515.224.7446. Our experienced attorneys provide dedicated and experienced representation in cases that involve fraud.