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FRAUD definition: 1. the crime of getting money by deceiving people: 2. someone who deceives people by saying that…. Learn more.
- Fraud
FRAUD translate: 罪行, 诈骗（罪）, 虚假的, 骗子;骗人的事物. Learn more in the...
- Polski
FRAUD definicja: 1. the crime of getting money by deceiving...
- Fraudulent Accounting
fraudulent accounting definition: 1. the crime of changing...
- Fraternizing
FRATERNIZING definition: 1. present participle of fraternize...
- Fraud
- What Is Fraud?
- Understanding Fraud
- Legal Consequences of Fraud
- Types of Financial Fraud
- Prosecuting Financial Fraud
- The Bottom Line
Fraud is an intentional act of deceit designed to reward the perpetrator or to deny the rights of a victim. Some of the most common types of fraud involve the insurance industry, the stock market, and the mortgage market, but the targets usually include individuals as well as businesses.
Any fraud involves falsification, either by withholding important information, lying, or faking documents. Often, the perpetrator of fraud knows something that the intended victim doesn't know. At heart, the individual or company committing fraudis taking advantage of information asymmetry. The victim cannot or does not try to verify the false info...
If there is no criminal proceeding, a victim of fraud can pursue a civil case. This can result in money being recovered or rights reestablished. Proving that fraud has taken place requires the perpetrator to have committed specific acts. The perpetrator has to provide a false statementas a material fact. The perpetrator had to have known that the s...
Financial fraud comes in many varieties, with the most common including mortgage fraud, insurance fraud, and securities fraud. Common mortgage fraud schemes include identity theft and income or asset falsification by mortgage applicants. Industry insiders may dupe the system via appraisal fraud or so-called air loans , which are applications for mo...
Fraud can have a devastating impact on investors. In 2001, a massive corporate fraud was uncovered at Enron, a U.S.-based energy company. Executives used a variety of techniques to disguise the company’s financial health, including the deliberate obfuscation of revenue and misrepresentation of earnings. After the fraud was uncovered, shareholders s...
Fraud artists commonly target businesses like insurance companies and banks, but they often need to involve innocent individuals to pull it off. Identity theft involves using other people's personal information to steal items of value. Securities fraud means conning individual investors into buying stock based on false information. Plenty of govern...
The meaning of FRAUD is deceit, trickery; specifically : intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right. How to use fraud in a sentence.
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.
“Fraud” is any activity that relies on deception in order to achieve a gain. Fraud becomes a crime when it is a “knowing misrepresentation of the truth or concealment of a material fact to induce another to act to his or her detriment” (Black’s Law Dictionary).
1 dic 2014 · Definition of Fraud. Noun. Wrongful deception with the intent to gain personally or financially. Intentional deception in order to persuade another person to part with something of value. A person who pretends to be something or someone he is not. Origin. Middle English fraude. What is Fraud.
24 mag 2024 · Fraud, in law, the deliberate misrepresentation of fact for the purpose of depriving someone of a valuable possession. Although fraud is sometimes a crime in itself, more often it is an element of crimes such as obtaining money by false pretense or by impersonation.
