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Sunday, March 28, 2010

What is Fruad?



In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain.
A hoax also involves deception, but without the intention of gain, or of damaging or depriving the victim; the intention is often humorous.

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