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fraud |
Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia | 0.21 sec. |
fraudIn law, an act of deception resulting in injury to another. To establish fraud it has to be demonstrated that (1) a false representation (for example, a factually untrue statement) has been made, with the intention that it should be acted upon; (2) the person making the representation knows it is false or does not attempt to find out whether it is true or not; and (3) the person to whom the representation is made acts upon it to his or her detriment. A contract based on fraud can be declared void, and the injured party can sue for damages. |
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But if the widespread fraud was easy to predict, nobody could have foreseen the creativity of the fraudsters. In a twist on the well-known Nigerian e-mail scam, fraudsters in Costa Rica are charged with using a telephone trick to goad greedy U. It seems the hapless fraudster also had purchased extended warranties on the new gear--using his real name and address. |
Fraudster
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