fraud Meaning in Cambridge Business English Dictionary
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Meaning of "fraud" - Business English Dictionary

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fraud

noun
 
 
/frɔːd/
[C or U] LAW the crime of getting money by tricking or deceiving people, or a crime of this type: serious/massive fraud We only investigate when there are sufficient grounds for believing serious fraud has taken place. The US Sentencing Commission has raised penalties for corporate fraud twice.credit card/tax fraud He was charged for federal tax fraud.bank/accounting fraud She pleaded guilty to conspiracy and bank fraud.engage in/commit/perpetrate fraud It is said that they knowingly helped corporate executives commit fraud. a fraud investigation/case/trial
[C] something that is not what it appears to be and is deliberately used to deceive people, especially to get money: What happens if the investment turns out to be a fraud?
[C] someone who deceives people, often to get money, by saying they are something they are not: She believes her lawyer was a fraud. →  See also investment fraud
(Definition of fraud from the Cambridge Business English Dictionary © Cambridge University Press)
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