SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Business Wire Falls for April Fools Prank, Sues FBNers -- Ignore unavailable to you. Want to Upgrade?


To: Janice Shell who wrote (1451)5/3/1999 11:41:00 AM
From: WEBNODE3  Respond to of 3795
 
Fido Dei Apothecaria



To: Janice Shell who wrote (1451)5/3/1999 11:48:00 AM
From: WEBNODE3  Read Replies (3) | Respond to of 3795
 
cwru.edu

FRAUD
A fraud is an intentional deception perpetrated to secure an unfair gain. Financial fraud, that is, a deception practiced on another party to cheat them out of money, is the most commonly discussed type of fraud. The term "research fraud" or "scientific fraud" is also used to mean an intentional deception about scientific results, a type of research misconduct. In this case there is no financial transaction, there need not be a financial transaction to obtain a financial benefit which the perpetrator receives, and there need not be an injured party.
It is useful to sort out the characteristics of a fraudulent act. For this it is instructive to look at the legal definition. In a civil law suit charging fraud there is a plaintiff who brings the charge against a defendant. To win the suit the plaintiff must prove five points

1. the defendant made a false representation
2. the defendant knew that the representation was false or at least recklessly disregarded whether it was true or false.
3. there was intent to induce belief in the misrepresentation
4. the plaintiff had a reasonable belief in the misrepresentation
5. the plaintiff suffered damage as a result.

As is illustrated in the case of "research fraud," the term "fraud" is often used informally to mean a misrepresentation that satisfies only the first three criteria.