fraud

fraud
fraud fraud [frɔːd ǁ frɒːd] noun [countable, uncountable]
LAW a method of illegally getting money from a person or organization, often using clever and complicated methods:

• Should audits be expected to detect every fraud?

• He had a criminal conviction for credit card fraud.

• Hood was convicted of tax fraud and sent to prison.

* * *

fraud UK US /frɔːd/ noun
[C or U] LAW the crime of getting money by tricking or deceiving people, or a crime of this type: serious/massive fraud »

We only investigate when there are sufficient grounds for believing serious fraud has taken place.

»

The US Sentencing Commission has raised penalties for corporate fraud twice.

credit card/tax fraud »

He was charged for federal tax fraud.

bank/accounting fraud »

She pleaded guilty to conspiracy and bank fraud.

engage in/commit/perpetrate fraud »

It is said that they knowingly helped corporate executives commit fraud.

»

a fraud investigation/case/trial

[C] something that is not what it appears to be and is deliberately used to deceive people, especially to get money: »

What happens if the investment turns out to be a fraud?

[C] someone who deceives people, often to get money, by saying they are something they are not: »

She believes her lawyer was a fraud.

See also INVESTMENT FRAUD(Cf. ↑investment fraud)
See Note CORRUPTION(Cf. ↑corruption)

Financial and business terms. 2012.

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Synonyms:

Look at other dictionaries:

  • fraud — n [Latin fraud fraus] 1 a: any act, expression, omission, or concealment calculated to deceive another to his or her disadvantage; specif: a misrepresentation or concealment with reference to some fact material to a transaction that is made with… …   Law dictionary

  • Fraud — • In the common acceptation of the word, an act or course of deception deliberately practised with the view of gaining a wrong and unfair advantage Catholic Encyclopedia. Kevin Knight. 2006. Fraud     Fraud …   Catholic encyclopedia

  • FRAUD — FRAUD, the prohibition against wronging another in selling or buying property (Lev. 25:14) is one of civil (see Ona ah ) rather than criminal law – although, since it is a negative injunction, its violation by any overt act may result in the… …   Encyclopedia of Judaism

  • Fraud — (fr[add]d), n. [F. fraude, L. fraus, fraudis; prob. akin to Skr. dh[=u]rv to injure, dhv[.r] to cause to fall, and E. dull.] 1. Deception deliberately practiced with a view to gaining an unlawful or unfair advantage; artifice by which the right… …   The Collaborative International Dictionary of English

  • fraud — [fro:d US fro:d] n [Date: 1300 1400; : Old French; Origin: fraude, from Latin fraus deceiving ] 1.) [U and C] the crime of deceiving people in order to gain something such as money or goods tax/insurance/credit card etc fraud ▪ He s been charged… …   Dictionary of contemporary English

  • fraud — [ frɔd ] noun ** 1. ) count or uncount the crime of obtaining money from someone by tricking them: Police are investigating a complex fraud involving several bogus contractors. tax/insurance/benefit fraud a ) only before noun relating to fraud:… …   Usage of the words and phrases in modern English

  • Fraud — hat verschiedene Bedeutungen: Fraud griech. Apate oder auch Fraus ist die Göttin der Falschheit aus griech./ röm. Mythologie. Ist das weibliche Pendant von Dolos (/röm. Dolus). Fraud ist ein vom englischen fraud übernommener, in der Fachsprache… …   Deutsch Wikipedia

  • fraud — criminal deception, early 14c., from O.Fr. fraude deception, fraud (13c.), from L. fraudem (nom. fraus) deceit, injury. The noun meaning impostor, humbug is attested from 1850. Pious fraud deception practiced for the sake of what is deemed a good …   Etymology dictionary

  • fraud —    Fraud is an abstract concept, to do with criminal deception, but ‘you old fraud’, applied to a person, is a fairly mild way of saying that he is putting on an act of some kind. Use of the expression sometimes implies that the person concerned… …   A dictionary of epithets and terms of address

  • fraud — [n1] trickery, deception artifice, bamboozlement*, blackmail, cheat, chicane, chicanery, con, craft*, deceit, double dealing*, dupery, duping, duplicity, extortion, fake, fast one*, fast shuffle*, flimflam*, fourberie, fraudulence, graft, guile,… …   New thesaurus

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