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Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or ...
Political cartoon by J. M. Staniforth: Herbert Kitchener attempts to raise £100,000 for a college in Sudan by calling on the name of C. G. Gordon. A scam, or a confidence trick, is an attempt to defraud a person or group after first gaining their trust.
In law, fraud is an intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law or criminal law, or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. [1]
A swindle is a kind of fraud or confidence trick. Swindle may also refer to: People. Swindle (surname) Places. Swindle Island, British Columbia, Canada;
In many instances, bank fraud is a criminal offence. While the specific elements of particular banking fraud laws vary depending on jurisdictions, the term bank fraud applies to actions that employ a scheme or artifice, as opposed to bank robbery or theft. For this reason, bank fraud is sometimes considered a white-collar crime. [2]
The president-elect's use of a state consumer fraud statute against the Des Moines Register for a poll that missed the mark is a stretch, experts say Experts: Trump's use of consumer fraud law to ...
In United States law, money laundering is the practice of engaging in financial transactions to conceal the identity, source, or destination of illegally gained money. In United Kingdom law, the common law definition is wider. The act is defined as "the process by which the proceeds of crime are converted into assets which appear to have a ...
However, people are often slow to believe the reality, and the stigma of falling for such the deception may deter them from reporting the fraud to the police. [4] Many victims, even when confronted with strong evidence, cannot bring themselves to believe that the person who seems so loving in text messages is instead a criminal scammer. [ 8 ]