Wednesday, December 8, 2010

fraud

Fraud-Any act of deception carried out for the purpose of unfair, undeserved and/or unlawful gain; The assumption of a false identity to such deceptive end; One who performs any such trick; To defraud
or a liar. Also 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. False statement or failure to disclose an important fact in order to obtain or increase benefits.

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