Fraud Definition–noun | 1. | deceit, tri
a1e
ckery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage. |
| 2. | a particular instance of such deceit or trickery: mail fraud; election frauds. |
| 3. | any deception, trickery, or humbug: That diet book is a fraud and a waste of time. |
| 4. | a person who makes deceitful pretenses; sham; poseur. |
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From Dictionary
Related topics from Britannicafraud
in law, the deliberate misrepresentation of fact for the purpose of depriving someone of a valuable possession. Although fraud is sometimes a crime in itself, more often it is an element of crimes ...
Yazoo land fraud
in U.S. history, scheme by which Georgia legislators were bribed in 1795 to sell most of the land now making up the state of Mississippi (then a part of Georgia's western claims) to four land ...
cybercrime
Schemes to defraud consumers abound on the Internet. Among the most famous is the Nigerian, or "419," scam; the number is a reference to the section of Nigerian law that the scam violates. Although ...
cybercrime
The international nature of cybercrime is particularly evident with wire fraud. One of the largest, and best-organized, wire fraud schemes was orchestrated by Vladimir Levin, a Russian programmer ...
cybercrime
Computers also make more mundane types of fraud possible. Take the automated teller machine (ATM) through which many people now get cash. In order to access an account, a user supplies a card and ...
Law, Crime, and Law Enforcement
Federal regulators in the U.S. achieved a number of high-profile successes in their ongoing efforts to prosecute and punish individuals believed responsible for some of the most notorious corporate ...
Law, Crime, and Law Enforcement
In May a study sponsored by the European Commission reported that cross-border fraud in the European Union could cost at least $68 billion a year and fraud within individual countries probably double ...
Law, Crime, and Law Enforcement
The investigation of American corporate scandals involving insider trading, stock manipulation, false accounting, and other fraud continued at a slow pace. In June Sam Waksal, the 55-year-old founder ...
Law, Crime, and Law Enforcement
Bernard Ebbers, the former WorldCom CEO who was alleged to have orchestrated the $11 billion accounting debacle that forced the company into bankruptcy in 2002, was found guilty in March on all nine ...
Law, Crime, and Law Enforcement
Throughout much of the year, a seemingly endless stream of scandals continued to be uncovered involving some of the largest corporations in the U.S. The scandals shook public confidence in Wall ...
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