Meaning of Fraud (What it is, Concept and Definition)

fraud is a unlawful and dishonest action, characterized by the forgery of products, documents, brands, etc. The purpose of fraud is to deceive other people to secure your own benefit or that of a third party.

Under criminal law, a fraud crime consists of any illegal act of deceiving third parties with the intention of harming them. Generally speaking, a person who commits fraudulent actions intends to gain unfair advantage over others.

There are numerous types of fraud in different areas of everyday life, from the simplest to the most complex, such as tax fraud, web fraud (involving actions made in the online environment), identity fraud, among others.

THE tax fraud, for example, it takes place when there is no compliance with the tax duties of the individual or a company, such as paying mandatory taxes or improperly obtaining public benefits, for example.

In the figurative sense of the word, fraud can be used to refer to a fake guy, that is, that he does not fulfill his duty and deceives others.

Example: "The employee turned out to be a big fraud".

The origin of the word fraud is in Latin frauds, which literally means "mistake", "error", and "deceive".

See also the meaning of Falsehood.

Synonyms of fraud

  • Blow;
  • Galezia;
  • Plot;
  • Fraud;
  • Muddled;
  • Cheating;
  • Package;
  • Scam;
  • Mistake;
  • Plot;
  • Cheating;
  • Adulteration;
  • Scam;
  • Farce;
  • Scam.

See also the meaning of scam.

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