Definitions Of Fraud
Fraud is a falsification, which is done intentionally that results in damages to a person, primarily financial setbacks. People consider lying as a part of fraud, but in actual legal terms lying is just one tiny component of fraud. You would quite often notice a salesman lying and hiding about his origin, and family history, but as long as he is honest about the product he is intending to sell, he may not be considered a fraud. In case the same sales person intentionally presents the product in a false manner causing financial losses to the customer, he then can be considered as a fraud. More..