Fraud is a financial crime. It refers to a situation where the victim suffers a financial loss or loses an asset. The offender, in this case, is said to have committed dishonesty with an intent to defraud the victim.
Deliberate nondisclosure, antitrust violations, bribery, bankruptcy frauds, extortion, money laundering, breach of trust, securities violations, false pretences, impersonation, theft and forgery all come under the purview of Frauds.
In Canadian Criminal Code, fraud has multiple interpretations, and a full section has been dedicated to it. Its actual meaning has also been interpreted from a number of lawsuits filed in courts over the last decades. Its various facets include: