Simple English definitions for legal terms
Read a random definition: antideficiency statute
Definition: Criminal fraud is a type of fraud that is illegal and can result in criminal penalties such as fines and imprisonment. It involves knowingly misrepresenting the truth or concealing a material fact to induce another person to act to their detriment. Fraud can also be a tort, which is a civil wrong that causes harm to someone, but in some cases, it can be a crime.
Examples:
These examples illustrate criminal fraud because they involve intentionally deceiving others for personal gain, which is illegal and can result in criminal penalties.