NRS 205.377(1) instructs, in part, that a violation consists of
“Knowingly and with the intent to defraud, engag(ing) in an act, practice or course of business or employ(ing) a device, scheme or artifice which operates or would operate as a fraud or deceit upon a person by means of a false representation or omission of a material fact…(while) in the course of an enterprise1 or occupation (that)…
(a) The person (committing the violation) knows to be false or omitted;
(b) The person (committing the violation) intends another to rely on; and,
(c) Results in a loss to any person who relie(s) on the false representation or omission…
In at least two (2) transactions that have the same or similar pattern, intents, results, accomplices, victims or methods of commission, or are otherwise interrelated by distinguishing characteristics and are not isolated incidents,
Within (four) 4 years and in which the aggregate loss or intended loss is more than $1,200.”
And now you know!
- “As used in this section, ‘enterprise’ has the meaning ascribed to it in NRS 207.380” [see NRS 205.377(7)]. As we’ve elsewhere explained, NRS 207.380 defines “enterprise” as:
“1. Any natural person, sole proprietorship, partnership, corporation, business trust or other legal entity; and,
2. Any union, association or other group of persons associated in fact although not a legal entity (which)…
Includes illicit as well as licit enterprises, and governmental as well as other entities.”