Fraud

Fraud is an intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal rights. Fraud can violate civil law or criminal law and may be prosecuted and imprisoned by governmental authorities.

Fraud is an intentionally deceptive action designed to provide the perpetrator with an unlawful gain or to deny a right to a victim. Types of fraud include tax fraud, credit card fraud, wire fraud, securities fraud, and bankruptcy fraud. Fraudulent activity can be carried out by one individual, multiple individuals or a business firm as a whole.

Identity theft occurs when someone steals your personal information to commit fraud. The identity thief may use your information to apply for credit, file taxes, or get medical services. These acts can damage your credit status, and cost you time and money to restore your good name.

A fraud ring is the coordinated and linked effort of multiple fraudsters to steal from and defraud merchants or consumers. These are deep, premeditated fraud attacks that can last for years before being detected.

Synthetic identity theft, or synthetic identity fraud, occurs when a criminal creates an identity instead of stealing an existing one.

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