Fraud is the intentional deception of another that results in financial gain for the perpetrator of the crime
Notes:
- Fraud is the intentional act of deception through false words and misleading conduct to obtain from another money or property by deceit, trick, misrepresentation, and other forms of dishonest behavior.
- Most acts of fraud are felonies. Criminal fraud is commonly perpetrated against the aged and infirm.
The DOJ lists the most common areas of fraud today:
- Consumer Fraud
- Identity Theft
- Health Care Fraud
- Cyber Fraud
- Securities Fraud
Fraud is actionable under both criminal and civil statutes. However civil fraud does not include the punishment of incarceration or state-imposed fines. Criminal fraud often results in both.
