Definition of fraud - What it is, Meaning and Concept

From Latin fraus , a fraud is an action that is contrary to truth and righteousness .Fraud is committed to the detriment of another person or against an organization (such as the State or a company ).

For the right , a fraud is a crime committed by the person in charge of overseeing the execution of contracts, whether public or private, to represent opposing interests.so much, is punishable by law .

We are faced with the fact that there are multiple types of fraud, and among them are salary payments to non-working personnel, the cancellation of invoices that have been collected, double billing, liabilities recorded without Support documentation, sales and services that are not declared in taxes or salaries paid to people who do not exist.

These are some examples of the various forms of fraud that exist, however, if there were to be made a much more concrete and exhaustive classification we could say that we find, for example, the so-called procedural fraud.This can be defined as one that has as a clear objective to deceive the judge who is carrying out a judicial proceeding.

In this sense, to deceive this authority what is done is to offer false information and that is done by the person who is involved, directly or indirectly in the case cited, and who has the duty to tell the truth and to present the facts in the true way.

Also another of the most frequent types of fraud in today's society is the so-called computer fraud that consists in the preparation of false documents or the obtaining of credit through a series of punishable actions that are carried out through a computer.

Within this category, in turn, we find two clearly differentiated classes.On the one hand, there are the frauds that are carried out in ATMs and on the other hand we have to talk about what bank frauds are.

The concept of fraud is associated with that of scam , which is a crime against property or property.It consists of a dwarf to obtain an asset, making the person or company believe that It pays to get something that doesn't really exist.

For example: a man requests 1,000 dollars as an advance to manage the delivery of a car.According to this person, the 1,000 dollars allow to begin the process for the concession of the vehicle at a promotional price.However, the process is non-existent and the scammer flees with that advance.The person who paid, therefore, has been a victim of fraud.

With the advance of Internet , many scammers have developed virtual fraud .One of the most common is known as Nigerian scam .From an email, a supposed Nigerian millionaire asks for a bank account to be able to withdraw money from his country .For this, he asks the victim for an advance and his account number, ensuring that he will then make the deposit and offering a commission to the unsuspecting.Of course, it is a fraud and the victim will never receive money.