noun wrongful or criminal deception intended to result in financial or personal gain
In the legal field, fraud refers to intentionally deceiving someone for personal gain.
Fraudulent activities in finance include Ponzi schemes, identity theft, and credit card fraud.
Healthcare fraud involves billing for services not provided, prescribing unnecessary treatments, or falsifying medical records for financial gain.
Insurance fraud occurs when someone makes false claims to receive financial benefits from an insurance company.
Cyber fraud involves online scams, phishing attacks, and malware designed to steal sensitive information.
In the field of journalism, writers may investigate and report on cases of fraud, exposing fraudulent activities to the public.
Psychologists may work with individuals who have been victims of fraud, helping them cope with the emotional and psychological impact of being deceived.
Accountants play a key role in detecting and preventing fraud within organizations by conducting audits, analyzing financial records, and implementing internal controls.
Lawyers may specialize in fraud cases, representing clients who have been accused of committing fraud or helping victims of fraud seek legal recourse.
Law enforcement officers investigate cases of fraud, gather evidence, and work with prosecutors to bring charges against individuals or organizations involved in fraudulent activities.