Fraud is an illegal or criminal trick planned to outcome in financial or other personal gains
for the culprits of the scam. Fraud may arise because of false illustration, a failure to reveal
data or misuse of power or position by one or more parties.
A forensic accountant is usually delivering help to the victims of fraud. Forensic accountants
are also appointed to assist in preparing the defense for the perpetrator of the alleged fraud.
- Bank scam emails (false representation leading to financial theft)
- Benefits fraud (failure by the claimant to disclose information about their income and or assets)
- Employee fraud including false accounting (often arising from an abuse of power or position)