Asked in Business & Finance
If a person crime is done using the internet what are the charges?
Wire Fraud cover the internet.
Asked in PayPal
IF an employee steals money from a PayPal account is it considered Wire fraud?
Wire Fraud can refer to many different things. Here are the legal requirements. -The defendant created or participated in a scheme to defraud another out of money; -The defendant did so with intent to defraud; -It was reasonably foreseeable that the defendant would use wire communications; and -The defendant did in fact use interstate wire communications. ...
Asked in Computer and Internet Fraud, Fraud
What is the felony classification of Mail and Wire fraud in Washington State?
Mail and Wire Fraud, are interstate crimes and as such are charged under Federal statutes. The State of WA , may or may not have jurisdiction over any of these offenses which occur ENTIRELY WITHIN their state border. ...
Asked in Definitions
What is the best definition of an electric circuit?
A loop of energised wire.
What is the Definition of fraud as per Indian penal code?
There is no specific section which deals with Fraud. The element of Fraud has to be made out by Sections 415 and 420 or by reading with forgery i.e. Section 463. Criminal misappropriation or breach of trust also includes/deals with Fraud. Fraud is essentially an element which is specifically defined and provided in Indian Contract Act, which is for Civil remedy. So, fraud has to be established by making co - relations and by drawing analogies and fulfilling its ingredients (which can...
Asked in Mortgages
What is the legal definition of mortgage fraud?
Mortgage fraud is the deliberate omission or misrepresentation of facts on the part of either the borrower or lender with the purpose of obtaining a mortgage loan. Mortgage fraud is essentially the intentional misrepresentation by either the borrower or the lending institution to enable the awarding of a loan. Examples of mortgage fraud include income misrepresentation, and misrepresentation of property use. ...
Asked in Definitions, Crime, Fraud
What is the definition of fraud?
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...
Asked in Business and Industry
Three types of illegal business behavior against Mr Madoff?
The three types of illegal business behavior alleged against Mr. Madoff are fraud, theft, and deceptive practices. In fraud, Mr. Madoff is accused of securities fraud, investment advisor fraud, mail fraud and wire fraud. In the accusation of theft, he is accused of channeling money from new investors to old investors and all for stealing from an employee benefit plan. In deceptive practices, Mr. Madoff is accused of managing the money of several investors that were completely unaware that he was doing...