What is a Fraud? A fraud is when one party deceives or takes unfair advantage of another. A fraud includes any act, omission, or concealment, involving a breach of legal or equitable duty or trust, which results in disadvantage or injury to another. In a court of law it is necessary to prove that a false representation was made as a statement of fact, that was made with the intent to deceive and to induce …showed first 75 words of 1468 total…

…showed last 75 words of 1468 total…months. Elimination of fraud will not be a instantaneous event, it will take years to do or perhaps we will never truly get rid of it. If we as society want to survive we must work together as a whole to eliminate fraud to the best of our abilities. Fraud should be considered a very serious offense and the penalties should be more severe. White collar crimes hurt everyone, as well as our economic future.