FRAUD! Posted on December 27, 2006 at 11:09:01 AM by TeamAdmin
In the broadest sense, a fraud is a deception made for personal gain. The specific legal definition varies by legal jurisdiction.
Fraud is a crime, and is also a civil law violation.
criminal law, fraud is the crime or offense of deliberately deceiving another in order to damage them — usually, to obtain property or services from him or her unjustly.
[1] Fraud can be accomplished through the aid of forged objects. In the criminal law of common law jurisdictions it may be called "theft by deception," "larceny by trick," "larceny by fraud and deception" or something similar.
In academia and science, fraud can refer to academic fraud - the falsifying of research findings which is a form of scientific misconduct - and in common use intellectual fraud signifies falsification of a position taken or implied by an author or speaker, within a book, controversy or debate, or an idea deceptively presented to hide known logical weaknesses. Journalistic fraud implies a similar notion, the falsification of journalistic findings.
Fraud can be committed through many methods, including mail, wire, phone, and the internet (computer crime and internet fraud).
Acts which may constitute criminal fraud include:
• bait and switch
• confidence tricks such as the 419 fraud, Spanish Prisoner, and the shell game
• false advertising
• identity theft
• false billing
• forgery of documents or signatures
• taking money which is under your control, but not yours (embezzlement)
• health fraud, selling of products of spurious use, such as quack medicines
• creation of false companies or "long firms"
• false insurance claims
• bankruptcy fraud, is a US federal crime that can lead to criminal prosecution under the charge of theft of the goods or services
• investment frauds, such as Ponzi schemes
• securities frauds such as pump and dump
Fraud, in addition to being a criminal act, is also a type of civil law violation known as a tort. A tort is a civil wrong for which the law provides a remedy. A civil fraud typically involves the act of making a false representation of a fact susceptible of actual knowledge which is relied upon by another person, to that person's detriment.
Replies:
BANK FRAUD! - By TeamAdminDecember 27, 2006 at 11:11:42 AM