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Financial fraud
Intentional misrepresentation or concealment of information in
order to deceive or mislead. It is illegal.
Fraud happens in
business - stock broker fraud, insurance frauds and investment
frauds are the most common types of financial frauds affecting
consumers. In particular, stock broker fraud is rampant and
costing investors millions of dollars annually.
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In the
broadest sense, a financial fraud
is a deception made for personal
gain, although it has a more specific legal meaning, the exact details
varying between jurisdictions. Many hoaxes are fraudulent,
although those not made for personal gain are not best described in
this way.
Not all frauds are hoaxes - electoral fraud, for example.
Fraud permeates many areas of life, including art, archaeology and
science. In the broad legal sense a fraud is any crime or civil wrong
for gain that utilizes some deception practiced on the victim as its
principal method.
Auction
Facts
Stock
Broker Fraud and Securities Fraud are a growing problem for retail
investors.
Before you invest
- research.
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It is
important that you contact a qualified and experienced fraud lawyer or
attorney if you feel you have been a victim of a financial
fraud. Especially if you have lost money on investments and feel the
possibility of a stock broker fraud occurrence. |
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In criminal law, financial fraud
is the crime or offense of deliberately deceiving another in order to
damage them — usually, to obtain property or services from him or her
unjustly. Fraud can be accomplished through the aid of forged
objects. In criminal law it is called "theft by deception." Fraud
can be committed through many methods, including mail, wire, phone,
and the Internet. FINANCIAL
FRAUD NEWS
Many fraud artists use
persuasion
techniques to convince people to part with their money.
Sources: SEC, Wikipedia and
others
Medicare Fraud |
Medicaid Fraud |
Student
Financing |