What are your damages? If you don't have any the statute of limitations is irrelevant.
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It is my understanding that AZ has a three year statute of limitations for fraud. You should consult with a local attorney to see if AZ has a "discovery rule" so that the time that the three year period begins to run is when you knew, or should have known, of the fraud.
I am not a AZ attorney, laws vary from state to state, therefore you should always consult a local attorney.
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Yes, the statute for fraud is three years from the time when you discovered or should have discovered the fraud and damage. There is also a commercial fraud statute that is much better for consumers, but it has a one year statute. It may or may not apply in this situation. If the act was negligent rather than intentional, the statute is two years. See a lawyer.