What Is Fraud?

The word fraud comes from the Middle English word "fraude" taken from the Old French and derived from the Latin "fraus". The word fraud means a deliberate form of deception that is practiced to secure some sort of unlawful and unfair gain. It is also a title given to a cheat or an impostor. "Gain Through Misrepresentation" is how John Cooke defines fraud in his Fraud Report. Fraud is considered a crime and violates criminal and civil law. There are several acts that are considered fraud as per criminal law these include bait and switch, false advertising, false billing, identity theft, false insurance claims, investments frauds, bankruptcy fraud, health fraud etc. Statements that are made without a basis of fact where one is implied, promise of future actions where none are intended etc are acts that are considered fraud under civil law.

Any illegal thing which hurts some people is a fraud,it has many types,,fraud with company ,fraud with person.Fraud is either economically...or with the feeling of some one.