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Any attempt to deceive another for financial gain. A clear example of fraud is selling a new issue that does not really exist. That is, the company can collect money from investors and, rather than use it to finance operations, pocket the money and do nothing. There are a number of types of fraud. Common types include forgery of documents, false claims in insurance, and filing bankruptcy to avoid debt rather than because of financial hardship.


Deception carried out for the purpose of achieving personal gain while causing injury to another party. For example, selling a new security issue while intentionally concealing important facts related to the issue is fraud.


the gaining of financial advantage by a person who deliberately deceives another person or business, by mispresenting himself.


A deceitful practice. Fraud consists of a misrepresentation of a material fact that is relied upon by another party to his or her detriment.There is no requirement that the misrepresentation be intentional.The thing misrepresented must be a fact; it is very difficult to prove fraud when one fails to fulfill his or her obligations but had good intentions in the beginning.

There are three types of fraud:

1. Intentional fraud. Punitive damages may be assessed for this type of fraud.

2. Negligent fraud. As when one makes a statement recklessly but without any intention to deceive, and someone relies on that statement and is injured when it turns out to be false. One example would be a real estate agent telling a buyer that all appliances are new when, in reality, the agent didn't know but thought they looked new. Depending on the degree of recklessness involved, this type of fraud may or may not support punitive damages.

3. Innocent fraud. As when one takes steps to confirm facts but is perhaps mistaken or given mistaken information, and then relays that information to someone else who relied on it and was injured.

The Statute of Frauds is a rule that says certain contracts must be in writing, including contracts having to do with real estate. It has nothing to do with fraud, per se, except to protect against possible fraud by requiring a writing.

References in periodicals archive ?
10 ( ANI ): Russian Ambassador to India Nikolay Kudashev has written to Telangana Police expressing "profound gratitude" for their assistance in solving a case of fraudulence that affected the interests of the Russian diplomatic mission.
First American Financial Corporation (NYSE: FAF), a global provider of title insurance, settlement services and risk solutions for real estate transactions, has released the First American Loan Application Defect Index for July 2017, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications, the company said.
Israeli police said the suspects were questioned over suspicions of fraudulence, bribery, tax evasion and money laundering.
Holding numerous awards and laurels such as exceptional performance award from Central Intelligence Agency, Susan works every day to stop fraudulence by enforcing action across the board.
Any company sitting in this room has the ability to police itself and to actively banish fakery, fraudulence, criminality, and hatred from its midst, and it is your obligation to do so," he said.
Their war of choice on Syria, under the guise of fighting terrorism, is now well underway to escalate despite its flagrant criminality and fraudulence.
Deception is deceit, fraud, fraudulence, trickery, double-dealing or even treachery.
Taban, the founder of the Juba Monitor newspaper, said the duo involved in fraudulence when they authored a controversial letter in the name of the presidency through the help of a foreign public relations firm and was bearing the names of both president Kiir and the country's first vice president, Riek Machar.
135) to report any commercial fraudulence or compliant.
In addition to implementing GuestLogix next-generation retail solutions, Sun Country will also be equipped with GuestLogix Global Payment Gateway to further protect against payment fraudulence, benefitting both the airline and its passengers.
Addressing a gathering at tehsil council's office at Samar Bagh he said that quake victims getting cheques were being re-investigated and cases of fraudulence would be registered against non-deserving people.