Tag Archives : Complicated financial transactions

What do you know about Fraud?

What do you know about Fraud?

Posted by on December 9, 2009 · 0 Comment

In a broad strokes definition, fraud is referred to as a deliberate misrepresentation by which another person has to suffer damages, usually these damages are monetary losses. By most of the people the act of lying is consider to be fraudulent, but in a legal sense lying is only one small element of actual fraud. May be a salesman may lie about his name, eye color, place of birth and family, but if he has not said any lie about the product he sells, then…

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