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In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain.
A hoax also involves deception, but without the intention of gain, or of damaging or depriving the victim; the intention is often humorous.
Wiki User
∙ 13y ago
Wiki User
∙ 12y agoA fraud is person who cheats to gain something,for example a guy asks a other guy to pay a lot for just something old but the other guy thinks it's new.
Added: Legal Definition:
"Fraud is generally defined in the law as an intentional misrepresentation of existing fact made by one person to another with knowledge of its falsity and for the purpose of inducing the other person to act, and upon which the other person relies with resulting injury or damage."
Added:
A major type of fraud is occupational (business-related) fraud. This type of fraud includes misappropriation of company assets (i.e., stealing cash or property by deception), financial statement fraud (lying on the financial statements) and corruption (which is typically, but not necessarily, found in government settings).
Wiki User
∙ 12y agofraud is an intentional deception made for personal gain or to damage another individual.
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Insurance fraud is the worst type of fraud you can commit. ?
Insurance fraud is the worst type of fraud you can commit.
Is sunbiz team is fraud?
fraud
Is it illegal in Pennsylvania to lie to obtain real-estate?
Any transaction that involves fraud can be nullified by a court. Fraud is illegal.Any transaction that involves fraud can be nullified by a court. Fraud is illegal.Any transaction that involves fraud can be nullified by a court. Fraud is illegal.Any transaction that involves fraud can be nullified by a court. Fraud is illegal.
What happens if you do online fraud?
Fraud is fraud, and is punishable by jail time if you're convicted.
What are the various types of mobile ad fraud?
Mobile ad fraud encompasses various types, including click fraud, install fraud, attribution fraud, and in-app fraud. Click fraud involves fake clicks on ads, install fraud inflates installation numbers artificially, attribution fraud manipulates the source of installations, and in-app fraud generates fake in-app activities to deceive advertisers. Implementing robust fraud detection measures is crucial to mitigate these risks and ensure the effectiveness of mobile advertising campaigns
How do you fraud walmart?
walmart fraud department
Is sunbiz team real or fraud?
fraud
Is check fraud a federal offense?
Yes, in the United States, check fraud is a federal offense. This goes for both wire fraud and mail fraud.
What happens if you commit daycare a fraud?
Fraud is fraud. If you commit fraud, there's a good chance you will go to jail. I'm not sure how to answer you more specifically than that.
Is it wic fraud if a boyfriend helps himself to food purchased from wic WHAT WILL HAPPEN IF THIS IS FRAUD?
No, that's not fraud.
What is motor vehicle fraud?
Committing fraud in motor vehicle related activities. For example insurance fraud
What is the payroll fraud?
Is payroll fraud a federal offense
