defraud

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Defraud

To make a Misrepresentation of an existing material fact, knowing it to be false or making it recklessly without regard to whether it is true or false, intending for someone to rely on the misrepresentation and under circumstances in which such person does rely on it to his or her damage. To practice Fraud; to cheat or trick. To deprive a person of property or any interest, estate, or right by fraud, deceit, or artifice.

Intent to defraud means an intention to deceive another person, and to induce such other person, in reliance upon such deception, to assume, create, transfer, alter, or terminate a right, obligation, or power with reference to property.

defraud

v. to use deceit, falsehoods, or trickery to obtain money, an object, rights or anything of value belonging to another. (See: fraud)

defraud

verb befool, beguile, bilk, cheat, cheat out of money, circumscribere, commit breach of trust, cozen, deceive, defraudare, delude, deprive dishonestly, dupe, embezzle, fleece, fool, hoax, inveigle, levant, mislead, mulct, obtain money on false pretenses, peculate, practice chicanery, practice fraud upon, swindle, take advantage of, take by fraud, take in, trick
Associated concepts: conspiracy to defraud, intent to deeraud, use of mails to defraud
See also: betray, bilk, cheat, circumvent, corrupt, deceive, defalcate, delude, dupe, embezzle, ensnare, evade, fake, hoodwink, illude, inveigle, mislabel, mislead, misrepresent, overreach, palter, peculate, prevaricate, purloin

defraud

to take away or withhold money, rights, property, etc., from a person by FRAUD; cheat.
References in periodicals archive ?
Meanwhile, the big swindlers, tax cheaters, offshore manipulators, stock inflators, accounting defrauders, laugh all the way to the bank.
This time, the defrauders worked around the investor moratorium by using naive or unscrupulous nonprofit corporations to acquire properties through the program at inflated prices and with no intention of completing rehabilitation.
Strong sanctions are appropriate for defrauders, but it must be ensured that those sanctions are imposed on bad actors only, Honest businesspeople and professionals need to be protected against threats intended solely to generate larger settlements and attorneys' fees, Investors are the intended beneficiaries of the deterrence produced by securities fraud class actions, but they bear the costs when class actions get out of control in the form of higher insurance premiums for directors' and officers' insurance, as well as higher fees that accountants, lawyers, and investment bankers will charge if they face unjustified litigation risk.
The federal government is glacially moving toward reform, according to Angelica Rendon, the director of Mexico's Coalition Against Fraud, and this slow "step-by-step" process has encouraged these defrauders to set up shop in Mexico and laugh at the lack of consequences for their thievery.
82) The law recognizes a variety of ways to legally acquire resources in a property system, including exchange, gift, accession, confusion, and first possession, but robbers, thieves, and defrauders do not own what they acquire and cannot take the resources of others without suffering the likelihood of criminal and civil consequences intended to protect lawfully recognized owners.
Securities and Exchange Commission papers show that an entity half-owned by Coors, the brother of Adolph Coors chief executive Peter Coors and great-grandson of the brewery's founder, Adolph, handed $40 million to alleged defrauders to invest in relatively safe bank instruments.
Leading companies in the sector have set up a database to pool information so that serial defrauders can be refused cover.
In 1999, the work of the Allstate New Jersey's Special Investigative Unit resulted in legal action against 388 suspected defrauders totaling $54 million.
Not only are we talking about real dollars that wouldn't be collected were it not for the law, but it also deters would-be defrauders.
This can sometimes be a blessing, as some bulletin boards have been used by credit card defrauders, computer crackers,(1) and pedophiles to spread criminal and contraband information online.
The dramatic rise in insurance fraud and the growing need to deter insurance defrauders has led several states to create government entities specifically addressing fraud.