What is fraud '?

2022-07-26 09:00:03

What is fraud '?

Fraud is when trickery is used to gain a dishonest advantage, which is often financial, over another person. Cyber crime is any criminal act dealing with computers and networks.

What type of crime is fraud?

Fraud and financial crimes are a form of theft/larceny that occur when a person or entity takes money or property, or uses them in an illicit manner, with the intent to gain a benefit from it.

Can I go to jail for fraud?

Types of sentences

If someone is charged with fraud under $5,000, the Crown can proceed by indictment and seek the maximum penalty of two years in federal prison followed by three years of probation.