Fraudulence

Fraudulence is a deception intended to cause someone to make a legal disposition, such as entering into a contract, on a false basis, so that the person suffers a loss or is exposed to an unexpected risk of loss. The offender of fraudulence is thus misleading someone which causes people to act differently than they otherwise would. Essential to fraud is that this deception is intentionally causing financial loss to the other with the purpose of receiving an unjust gain. Misleading someone can be done through for example concealing facts or saying something untrue against one’s better judgement. Thus, both actions and inactions can constitute fraudulence. Even if no profit is ultimately made, an attempt to commit fraud can still be punished. Several types of fraud can be prosecuted, such as for example social fraud which is characterised by having received public social benefits while being in employment or insurance fraud which entails any act committed to defraud an insurance process.