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Some Common Types of Fraud Crimes Available In Society

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Some Common Types of Fraud Crimes Available In Society

Fraudulent activities are those which involve some form of deception with the intention to gain financially or otherwise. In many cases, fraud is a white-collar crime which is committed by business professionals. Some common types of fraud include:

  • Accounting fraud
  • Bank fraud
  • Credit card fraud
  • Identity theft
  • Investment fraud
  • Medicare fraud
  • Securities fraud
  • Check Fraud
  • Government Fraud
  • Healthcare Fraud
  • Insurance Fraud
  • Internet Fraud
  • Mail Fraud
  • Mortgage Fraud
  • Organized Fraud
  • Prescription Fraud
  • Tax Fraud
  • Welfare Fraud 
  • Wire Fraud
  • Workers Comp Fraud

Accounting Fraud can involve inflating or otherwise manipulating financial statements in order to make a company look more profitable than it actually is. This can be done in a number of ways, including creating false invoices, failing to record expenses, or artificially inflating revenue.

Bank Fraud can involve anything from creating false accounts to embezzlement. This type of fraud can be committed by both individuals and organizations.

Credit Card fraud can involve using someone’s credit card information without their permission, or even creating a false identity in order to obtain a credit card.

Identity Theft can involve stealing someone’s personal information in order to open new accounts, make purchases, or even commit other crimes. This type of fraud can have a serious impact on the victim’s life and can take years to recover from.

Investment Fraud can involve anything from Ponzi schemes to insider trading. This type of fraud can lead to significant financial losses for the victims.

Medicare Fraud can involve billing for services that were never rendered, or upcoding (billing for a more expensive service than what was actually provided). This type of fraud can lead to significant financial losses for the government.

Securities Fraud can involve insider trading, market manipulation, or false statements made in order to inflate the price of a security.

Check Fraud can involve forging a check, altering a check, or using a stolen check.

Government Fraud can involve bribery, kickbacks, or false claims.

Healthcare Fraud can involve billing for services that were never rendered, upcoding, or kickbacks.

Insurance Fraud can involve staged accidents, false claims, or inflated claims.

Internet Fraud can involve anything from phishing to identity theft.

Mail Fraud can involve anything from false advertising to pyramid schemes.

Mortgage Fraud can involve anything from misrepresenting income or assets, to inflating the value of a property.

Organized Fraud can involve large-scale operations run by criminal organizations.

Prescription Fraud can involve anything from doctor shopping to forging prescriptions, tampering with a prescription, illegal procurement of prescription drugs, or using a false identity to obtain prescription drugs.

Tax Fraud can involve anything from underreporting income to claiming false deductions.

Welfare Fraud can involve anything from misrepresenting income or assets, to fraudulently obtaining benefits.

Wire Fraud can involve anything from telemarketing scams to internet fraud.

Workers Comp Fraud can involve filing false claims, exaggerating injuries, or working while receiving benefits.

Fraud is a serious crime that can have significant financial and legal consequences. If you have been accused of fraud, it is important to seek the advice of an experienced criminal defence attorney.

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