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Tuesday, October 19, 2010

Criminal Fraud.... What is "fraud"? Legislated definitions are too complicated so here are three simple explanations expressed in different ways.

Criminal Fraud....

What is "fraud"? Legislated definitions are too complicated so here are three simple explanations expressed in different ways.


  1. "All multifarious means which human ingenuity can devise, and which are resorted to by one individual to get an advantage over another by false suggestions or suppression of the truth. It includes all surprises, tricks, cunning or dissembling (disguising, concealing), and any unfair way which another is cheated." [Black's Law Dictionary, 5th edition]

  2. "Deceitful conduct designed to manipulate another person to give something of value by (1) lying, (2) by repeating something that is or ought to have been known by the fraudulent party as false or suspect or (3) by concealing a fact from the other party which may have saved that party from being cheated. The existence of fraud will cause a court to void a contract and can give rise to criminal liability. [Duhaime's Online Legal Dictionary]

  3. "Lying and stealing and cheating for gain"

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