What is Fraud?

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LEARN WITH MOVIES

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Raj visits a jewelry shop. He takes Rs. 11,500 necklace. Raj pays him Rs. 1500 and asks him to collect the rest from the  sweet shop owner.  

Meanwhile, his friend Jai talks to the sweet shop owner and places an order of 10,000 ladoos  

Learning Perspectives

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This way Raj & Jai were able to con both the jeweller and the sweet shop owner.

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Fraud is a deceptive act that is designed for unethical gain. In simple  words, fraud is committed to unlawfully making a gain at the expense of  someone else. 

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Cryptocurrency

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