Fraud
This is an old revision of this page, as edited by CPalmer (talk | contribs) at 11:13, October 10, 2008. It may differ significantly from current revision.
A fraud is a false representation of a matter of fact which is intended to deceive another.
To prove fraud in court, a victim must prove each of the "five fingers of fraud":[1]
- a person made a material false statement
- he knew the statement was false
- he intended to deceive the victim
- the victim justifiably relied on the false statement
- the victim was damaged
Other uses
In Medieval thought including Dante's Divine Comedy, fraud was a broad term used to describe any sin that involved the use of human intellect, including deceit, sorcery, hypocrisy, theft and forgery in addition to what we think of as fraud today. These sins were known as 'minor fraud'; 'major fraud' was another name for treachery, which was considered to be the worst sin of all.
References
- â In re Mau, 293 B.R. 919, 923 (Bankr. C.D.Ill. 2003)