Difference between revisions of "Fraud"
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− | A fraud is a false representation of a matter of fact which is intended to deceive another. | + | 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":<ref>In re Mau, 293 B.R. 919, 923 (Bankr. C.D.Ill. 2003)</ref> | To prove fraud in court, a [[victim]] must prove each of the "five fingers of fraud":<ref>In re Mau, 293 B.R. 919, 923 (Bankr. C.D.Ill. 2003)</ref> |
Revision as of 03:38, August 28, 2007
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