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<h1>Damages for fraud: company officers are personally and unlimitedly liable when deposits were taken with intent to defraud.</h1> Where a company fails to repay deposits or interest and it is proved deposits were accepted with intent to defraud or for a fraudulent purpose, every officer responsible for acceptance is personally responsible without limitation for losses or damages incurred by depositors; any person, group, or association that has incurred loss may bring suit, proceedings or other action to recover those losses.
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