Akademik

fraud
fraud fraud [frɔːd ǁ frɒːd] noun [countable, uncountable]
LAW a method of illegally getting money from a person or organization, often using clever and complicated methods:

• Should audits be expected to detect every fraud?

• He had a criminal conviction for credit card fraud.

• Hood was convicted of tax fraud and sent to prison.

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fraud UK US /frɔːd/ noun
[C or U] LAW the crime of getting money by tricking or deceiving people, or a crime of this type: serious/massive fraud »

We only investigate when there are sufficient grounds for believing serious fraud has taken place.

»

The US Sentencing Commission has raised penalties for corporate fraud twice.

credit card/tax fraud »

He was charged for federal tax fraud.

bank/accounting fraud »

She pleaded guilty to conspiracy and bank fraud.

engage in/commit/perpetrate fraud »

It is said that they knowingly helped corporate executives commit fraud.

»

a fraud investigation/case/trial

[C] something that is not what it appears to be and is deliberately used to deceive people, especially to get money: »

What happens if the investment turns out to be a fraud?

[C] someone who deceives people, often to get money, by saying they are something they are not: »

She believes her lawyer was a fraud.

See also INVESTMENT FRAUD(Cf. ↑investment fraud)
See Note CORRUPTION(Cf. ↑corruption)

Financial and business terms. 2012.