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Fraud

Part I of Essay
What is a ? A is when one party deceives or takes unfair advantage of another. A includes any act, omission, or concealment, involving a breach of legal or equitable duty or trust, which results in disadvantage or injury to another. In a court of law it is necessary to pr ....

Part II of Essay
.... common reason. A desperate financial need is usually the cause of most frauds. Still some people commit fraud to pay for an elevated life style which other wise they could not afford. Needs arise from a number of locations these include: Drug or alcohol addiction, Marriage break-ups and/of extravagant love affairs, Gambling Debts, Business losses, Unexpected family crises, Mounting debts, and the desire to live a lifestyle far beyond ones means. Fraud is costing society several hundred billion a year. Organizations loose close to 6 pe ....

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Words: 1478 - Pages: 6


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