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Legal Ethic > Fraud
The following information is about Fraud.
Fraud Defined
A fraud is an intentional deception perpetrated to secure an unfair gain. Financial fraud, that is, a deception practiced on another party to cheat them out of money, is the most commonly discussed type of fraud. The term "research fraud" or "scientific fraud" is also used to mean an intentional deception about scientific results, a type of research misconduct. In this case there is no financial transaction, there need not be a financial transaction to obtain a financial benefit which the perpetrator receives, and there need not be an injured party.
It is useful to sort out the characteristics of a fraudulent act. For this it is instructive to look at the legal definition. In a civil law suit charging fraud there is a plaintiff who brings the charge against a defendant. To win the suit the plaintiff must prove five points
* the defendant made a false representation
* the defendant knew that the representation was false or at least recklessly disregarded whether it was true or false.
* there was intent to induce belief in the misrepresentation
* the plaintiff had a reasonable belief in the misrepresentation
* the plaintiff suffered damage as a result.
As is illustrated in the case of "research fraud," the term "fraud" is often used informally to mean a misrepresentation that satisfies only the first three criteria.
This definition is in context to Legal Ethic. See more contextual defintions for Fraud.
Are you looking for additional Legal Ethic > Fraud news? Try our new "Fraud News Focus" area.
Off-site Fraud Links, User Submitted
The following links have been collected through user bookmark submission in the Fraud category. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.
Fri Jul 3
- Karanam srikanth is fraud| indian money school is fraud|Maven enterprises is fraud -Indian money school blog: karanam srikanth is a Big Fat Fraud , indian money school is fraud , maven enterprises is fraud or not for more information log on our website www.indianmone yschool.com
- Time to put "Wealth On Trial" again?: [quote]The Pecora hearings resulted in 12,000 pages of transcripts that are still a primary source for historians of the Great Crash, and important New Deal legislation that for the first time regulated the high-handed, free-wheeling banking industry and protected the public from its excesses -- including the Securities Act of 1933, the Securities Exchange Act of 1934 (which established the Securities and Exchange Commission -- Pecora was one of its first commissioners) and the Glass-Steagall Banking Act of 1933, which erected a firewall between commercial and investment banking -- a wall torn down during the Clinton administration , leading to much of our trouble today.[/quote]
- Integrity of Federal 'Organic' Label Questioned - washingtonpost .com
- THE WALKING ZOMBIE SYNDROME (PTSD)
- Slashdot | The Hysteria of the Cyber-Warriors: "At the end of May, President Obama called cyber-security 'one of the most serious economic and national security challenges we face as a nation.' His words echo a flurry of gloomy think-tank reports. Unfortunately, these reports are usually richer in vivid metaphor ? with fears of 'digital Pearl Harbors' and 'cyber-Ka trinas' ? than in factual foundation. So why is there so much concern about 'cyber-te rrorism?' Answering a question with a question: who frames the debate? Much of the data are gathered by ultra-secretiv e government agencies ? which need to justify their own existence ? and cyber-security companies ? which derive commercial benefits from popular anxiety. Journalists do not help. Gloomy scenarios and speculations about cyber-Armagged on draw attention, even if they are relatively short on facts."
- Ripoff Report: By Consumers, For Consumers
- Fake Tamiflu 'out-spams Viagra on Web' - CNN.com
- Gateway Pundit: Iranian Regime Totally Making Up Crap Now... Interpol Investigation a Lie
- Sweeden's central bank cut the deposit rate to -0.25%
- BBC NEWS | Technology | Billions stolen in online robbery
If you would like to find additional social bookmark based links on the topic of we recommend the Open Tag Directory > Fraud. If you would like to find related tags we recommend Tag Patterns > Fraud
Off-site Fraud Research Links
If you still need additional information on Fraud then we suggest the following off-site resources. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.
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