When a person or company presents information in any manner they know is inaccurate, it may be considered fraud. The intention behind the deception must be to deceive the party or parties seeking it. Though some people think it is a victimless crime, that is not true.
There have been numerous cases of fraud investigation where people have been injured or even died due to fraudulent representation of a product or service. The range of fraud is considerable and does not just involve large companies. You can see the substantial-high cost of fraud in this Cost-Of-Fraud Infographic. And you can also find some good information at the www.acfe.com website, including some great information about fraud prevention.
Some of the fraud cases examined each year regard insurance fraud, where a person may lie to doctors and the insurance company to receive more money. This fraud costs the providers a great deal of money if they cannot prove that the injured party is overly emphasizing their pain or misrepresenting their ability to move.
