What is the Meaning of: Fraud | Concept and Definition of: Fraud

Meanings, definitions, concepts of daily use

Latin fraus, fraud is an action that is contrary to truth and correctness. Fraud is committed in prejudice to a person or an organization (such as the State or a company).
In the field of law, fraud is a crime committed by the person responsible for monitoring the implementation of contracts, public or private, to represent competing interests. Any fraud is punishable by law.
The concept of fraud is associated with that scam, which is an offence against the property or the property. It is a scam (deception) to obtain a heritage property, believing the person or company who pays that she will get a thing for real, does not exist.
For example: a man asks 1,000 euros in advance to manage the delivery of a car. According him, money to start the necessary steps for the concession of the vehicle at a promotional price. However, there is no current record and still less a car to be delivered. The scammer fled with the money. The person who has paid the said amount was victim of fraud.
With the progress of the Internet, the crooks who know do not stop to develop virtual fraud. The Nigerian scam is one of the most widespread. Through a simple email, a Nigerian claiming to be millionaire seeks a bank account to be able to get money from his country. To do this, he asks the victim an advance and account number, while ensuring the innocent he will immediately a deposit on his account and he will give him a commission to thank him to have rendering service. Of course, it's a fraud and the victim will never touch this money. On the contrary, it will certainly serious financial worries, which may even go into debt.
Note: This translation is provided for educational purposes and may contain errors or be inaccurate.