Fraud
Fraud is an intentional act that causes the victim to suffer an economic loss and/or the perpetrator to realize a gain. From the global investigation and forensic accounting firm, Studler Doyle, we learned that the simple working definition of the term ‘fraud’ is “theft by deception”.
The legal definition is the same in both, criminal or civil offense. The difference however is that criminal cases must meet a higher burden of proof.
