Fraud Law

Fraud law in criminal context addresses deceptive practices intended to secure unfair or unlawful gain. It involves actions like lying, misrepresenting facts, or omitting information to influence decisions, typically for financial benefit. Common examples include financial scams, identity theft, and insurance fraud. If convicted, individuals may face penalties including fines, restitution, or imprisonment. The law aims to protect the integrity of transactions and maintain trust in financial and personal relationships. Each jurisdiction may have specific statutes outlining different types of fraud and their associated penalties.