WHAT IS FRAUD? (UNDERSTANDING AND FIGHTING A FRAUD CASE)
Most of us are familiar with terms like “theft” and “forgery” given that they immediately bring to mind the taking of something that does not belong to someone or making a misrepresentation in writing. When we hear the term “fraud”, we are often left confused by the exact meaning.
Fraud, technically speaking, is defined as: “A knowing misrepresentation of the truth or concealment of a material fact to induce another to act to his or her detriment. Fraud includes any intentional or deliberate act to deprive another of property or money by guile, deception, or other unfair means.” In other words, fraud is wrongful deception intended to result in financial or personal gain.