Fraud is a broad term that refers to ¬†dishonesty or “fraudulent acts”. In essence, fraud is the intentional deception of a person or entity by another made for monetary or personal gain.

Fraud offenses always include some sort of false statement, misrepresentation, or deceitful conduct. The main purpose of fraud is to gain something of value by misleading or deceiving someone into thinking something which the fraud perpetrator knows to be false.