What is a fraud?

Answer 1

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.

Answer 2

A 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).

Answer 3

fraud is an intentional deception made for personal gain or to damage another individual.