Fraud is a deliberate misrepresentation of evidence which causes another person or organisation to suffer damages, usually monetary losses. There are at least as many types of fraud as there are types of people who commit it. Fraud costs the economy an enormous amount. Fraud happens when somebody uses deception to obtain goods, services or money.
Peter, the operations executive was pondering the latest financials. There had been a resurgence of financial control measures and the auditors had remained behind longer than normal. Something was wrong, projections and sales seemed not to make sense.
No-one could lay their finger on the problem, but performance graphs showed an uncharacteristic blip in their pictures. Numbers were checked, re-checked and re-cast, but there was no respite. Intensive questioning revealed nothing new, but still, somehow expected profits were being eroded.