Is Fraud a Felony? Examples and Legal Penalties

Is Fraud a Felony? Examples and Legal Penalties

Is fraud a felony? This question often arises as fraud—a deceptive act committed to gain an unlawful advantage—carries different legal classifications and multiple consequences. Learning about the distinction between misdemeanor and felony fraud is very important for...
Fraud vs. Money Laundering: What’s the difference?

Fraud vs. Money Laundering: What’s the difference?

Financial crimes such as fraud and money laundering often tend to be interconnected due to the nature of both crimes. Where fraud affects people, governments, or businesses, there are usually criminal groups that need to disguise that money as legitimate for use....
What Is Fraud By False Representation? Examples

What Is Fraud By False Representation? Examples

Fraud by false representation is an increasingly common issue, occurring when a person or a business deliberately lies or misrepresents the truth during a transaction. As detailed in Section 2 of the Fraud Act 2006, this type of fraud involves making a dishonest and...