Perpetrators of Fraud Usually Commit Fraud for Their Own Short-Term

question 2

True/False

Perpetrators of fraud usually commit fraud for their own short-term economic gain.

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Definitions:

Identity Theft

Using a computer to steal confidential information to clean out a person’s bank account, to run up credit card debt, to divert cash transfers, and to disrupt the financial and personal life of the victim.

Statute of Frauds

A legal principle requiring certain types of contracts to be written and signed to be legally enforceable, aiming to prevent fraud and misunderstandings.

Contract

A legally binding agreement between two or more parties that outlines obligations and rights of the parties.

Facsimile Signatures

Electronic or stamped signatures that serve the same legal purpose as original handwritten signatures.