Fraud

Question 1

Q1: What Act covers fraud offences in the UK?

Answer 1

The Fraud Act 2006.

Question 2

Q2: What is the general definition of fraud under the Fraud Act 2006?

Answer 2

Fraud occurs when a person acts dishonestly and intends to make a gain or cause a loss or risk of loss

Question 3

Q3: What are the three main types of fraud under the Fraud Act 2006?

Answer 3

Fraud by false representation, Fraud by failing to disclose information, Fraud by abuse of position

Question 4

Q4: What is fraud by false representation?

Answer 4

When someone dishonestly makes a false statement to make a gain or cause a loss.

Question 5

Q5: What counts as a false representation?

Answer 5

statement that is untrue or misleading made knowingly or recklessly.

Question 6

Q6: Can fraud by false representation be done online?

Answer 6

Yes – including online shopping scams fake ads

Question 7

Q7: What is fraud by failing to disclose information?

Answer 7

When a person dishonestly fails to disclose information they are legally required to disclose intending to make a gain or cause a loss.

Question 8

Q8: Give an example of fraud by failing to disclose information.

Answer 8

Not declaring income to HMRC to avoid paying tax.

Question 9

Q9: What is fraud by abuse of position?

Answer 9

When someone in a position of trust abuses that position dishonestly to make a gain or cause a loss.

Question 10

Q10: Give examples of abuse of position.

Answer 10

Carer stealing from an elderly person, Employee taking money from employer