BJS: Bureau of Justice Statistics

clear image
Home  |  About Us  |  Contact Us  |  Get notifications  |  Help  |  A-Z Topic List
 
 
Bureau of Justice Statistics (BJS)
clear image
Home  | FAQ Detail
FAQ Detail
What is financial fraud?

Financial fraud is defined as acts that “intentionally and knowingly deceive the victim by misrepresenting, concealing, or omitting facts about promised goods, services, or other benefits and consequences that are nonexistent, unnecessary, never intended to be provided, or deliberately distorted for the purpose of monetary gain.” (See Stanford Center on Longevity. (2015). Framework for a taxonomy of fraud. https://longevity.stanford.edu/framework-for-a-taxonomy-of-fraud/)


Back to Top