Fraudulent Act
(Redirected from Fraud)
A Fraudulent Act is a deceptive act that intentionally misrepresents material facts to secure unfair gain or cause harm (in both legal contexts and lay understanding).
- AKA: Fraud Act, Act of Fraud, Fraud Event, Fraud Instance.
- Context:
- It can typically involve Fraudulent Misrepresentation through fraudulent statements.
- It can typically require Fraudulent Intent with fraudulent knowledge.
- It can typically cause Fraudulent Damage to fraudulent victims.
- It can typically breach Trust Relationships between fraudulent parties.
- It can typically violate Social Norms regarding fraudulent honesty.
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- It can often involve Financial Transactions with fraudulent financial gain.
- It can often exploit Information Asymmetry in fraudulent schemes.
- It can often require Concealment Actions to hide fraudulent evidence.
- It can often target Vulnerable Populations through fraudulent targeting.
- It can often trigger Legal Consequences under fraud laws (when meeting legal fraud elements).
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- It can range from being a Successful Fraudulent Act to being an Unsuccessful Fraudulent Act, depending on its fraudulent execution outcome.
- It can range from being a Simple Fraudulent Act to being a Complex Fraudulent Act, depending on its fraudulent scheme complexity.
- It can range from being an Individual Fraudulent Act to being an Organizational Fraudulent Act, depending on its fraudulent perpetrator scale.
- It can range from being a Minor Fraudulent Act to being a Major Fraudulent Act, depending on its fraudulent damage magnitude.
- It can range from being a Legally Prosecutable Fraudulent Act to being a Morally Fraudulent Act, depending on its fraudulent legal standing.
- It can range from being a One-Time Fraudulent Act to being a Systematic Fraudulent Act, depending on its fraudulent repetition pattern.
- It can range from being a Direct Fraudulent Act to being an Indirect Fraudulent Act, depending on its fraudulent victim relationship.
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- It can be detected by Fraudulent Act Detection Systems solving fraudulent act detection tasks.
- It can be prosecuted under Criminal Law as fraudulent criminal offense (when meeting legal thresholds).
- It can be remedied through Civil Litigation for fraudulent damage recovery.
- It can be prevented by Fraud Prevention Systems implementing fraudulent act prevention measures.
- It can be addressed through Social Sanctions in fraudulent community contexts.
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- Example(s):
- Financial Fraudulent Acts, such as:
- Securities Fraudulent Acts, such as:
- Banking Fraudulent Acts, such as:
- Corporate Fraudulent Acts, such as:
- Accounting Fraudulent Acts, such as:
- Financial Statement Fraudulent Act misrepresenting fraudulent financial position.
- Embezzlement Act misappropriating fraudulent corporate funds.
- Control Fraud where fraudulent executives exploit fraudulent corporate control.
- Accounting Fraudulent Acts, such as:
- Government-Related Fraudulent Acts, such as:
- Insurance Fraudulent Acts, such as:
- Technology-Enabled Fraudulent Acts, such as:
- Investment Fraudulent Acts, such as:
- Ponzi Scheme promising fraudulent investment returns.
- Pyramid Scheme recruiting fraudulent investment participants.
- Academic Fraudulent Acts, such as:
- Research Fraud fabricating fraudulent research data.
- Intellectual Property Fraudulent Act claiming fraudulent authorship.
- Test-Related Fraudulent Acts, such as:
- School-Test Cheating manipulating fraudulent academic performance.
- Driving-Test Cheating obtaining fraudulent driving qualification.
- Social Fraudulent Acts (non-legal), such as:
- Resume Fraud inflating fraudulent qualifications.
- Dating Profile Fraud misrepresenting fraudulent personal attributes.
- Social Media Fraud creating fraudulent online identity.
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- Financial Fraudulent Acts, such as:
- Counter-Example(s):
- Hoax, which lacks fraudulent gain intent.
- Honest Mistake, which lacks fraudulent deceptive intent.
- Marketing Puffery, which involves legal exaggeration rather than fraudulent misrepresentation.
- Breach of Contract, which violates contractual obligations without fraudulent deception.
- Negligent Misrepresentation, which lacks fraudulent intentional deception.
- See: Fraudulent Act Detection Task, Fraud Detection System, White-Collar Crime, Financial Crime, Deception, Criminal Law, Trust Violation.
References
2015
- (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/fraud Retrieved:2015-5-5.
- In law, fraud is deliberate deception to secure unfair or unlawful gain. Fraud is both a civil wrong (i.e., a fraud victim may sue the fraud perpetrator to avoid the fraud and/or recover monetary compensation) and a criminal wrong (i.e., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities). The purpose of fraud may be monetary gain or other benefits, such as obtaining a drivers license by way of false statements.
A hoax is a distinct concept that involves deception without the intention of gain or of materially damaging or depriving the victim.
- In law, fraud is deliberate deception to secure unfair or unlawful gain. Fraud is both a civil wrong (i.e., a fraud victim may sue the fraud perpetrator to avoid the fraud and/or recover monetary compensation) and a criminal wrong (i.e., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities). The purpose of fraud may be monetary gain or other benefits, such as obtaining a drivers license by way of false statements.
- (Trivers, 2015) ⇒ Robert Trivers. (2015). “Vignettes of Famous Evolutionary Biologists, Large and Small.” In: The UNZ Review, April 27, 2015
- QUOTE: Many of us theoretical biologists who knew Stephen personally thought he was something of an intellectual fraud precisely because he had a talent for coining terms that promised more than they could deliver, while claiming exactly the opposite. … We barely know what is in our own self-interest. A general point is that it is often very hard to draw the line between conscious and unconscious deception — or to define the precise mixture of the two.
2014
- (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/Fraud Retrieved:2014-5-12.
- Fraud is a deception deliberately practiced in order to secure unfair or unlawful gain (adjectival form fraudulent ; to defraud is the verb). [1] As a legal construct, fraud is both a civil wrong (i.e., a fraud victim may sue the fraud perpetrator to avoid the fraud and/or recover monetary compensation) and a criminal wrong (i.e., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities). Defrauding people or organizations of money or valuables is the usual purpose of fraud, but it sometimes instead involves obtaining benefits without actually depriving anyone of money or valuables, such as obtaining a drivers license by way of false statements made in an application for the same.
A hoax is a distinct concept that involves deception without the intention of gain or of materially damaging or depriving the victim.
- Fraud is a deception deliberately practiced in order to secure unfair or unlawful gain (adjectival form fraudulent ; to defraud is the verb). [1] As a legal construct, fraud is both a civil wrong (i.e., a fraud victim may sue the fraud perpetrator to avoid the fraud and/or recover monetary compensation) and a criminal wrong (i.e., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities). Defrauding people or organizations of money or valuables is the usual purpose of fraud, but it sometimes instead involves obtaining benefits without actually depriving anyone of money or valuables, such as obtaining a drivers license by way of false statements made in an application for the same.