Yes. Depending on the allegations, you could be facing both a civil lawsuit as well as a criminal prosecution. In a civil proceeding, you will be sued for money that was allegedly taken as part of the fraudulent act. In a criminal case, the government can seek to punish you with not only restitution or fines, but also potentially jail or probation, and a criminal record. Also, a guilty plea or conviction in a criminal case would likely critically impact your ability to defend yourself in a civil proceeding or to potentially continue to work in certain businesses.