In the United Kingdom, the Fraud Act 2006 has given fraud a very detailed, statutory definition, which may be summarized as the obtaining of a temporary or permanent gain (whether by keeping what one has or by getting what one does not have) or the infliction upon another of a temporary or permanent loss (whether by not getting what one might get or by parting with what one has), the gain or loss being in money or other real or personal property (including things in action or other intangible property), with the intent either of obtaining a gain for the offender or for another or of causing loss to another or of exposing another to a risk of loss, whether by dishonestly making an untrue or misleading express or implied representation that the offender knows is or may be untrue or misleading; or by dishonestly failing to disclose to another person information which the offender is under a legal duty to disclose; or by dishonestly (by act or omission) abusing a position in which he is expected to safeguard, or not to act against, the financial interest of another person. Read more at www.climatedepot.com |