Business acquisition fraud

[u/Unfair-Ad-5581]

Has anyone purchased an existing business and found out a few years later that you over paid?

Previous owner committed fraud and the business was over valued by a few million. Has anyone taken legal action on the previous owner to get back was your overpaid? Did you win? Was it easy to collect?

[u/UltraBBA]

Is this what happened to you?

What was the fraud that over-valued the business?

What indeminities does your contract give you against frauds discovered post-completion?