Frauds Against the Individual
Rather fail with honor than succeed by fraud.
—Sophocles (496–406 B.C.)
After studying this chapter, you should be able to:
Incidents of private and public fraud are being reported daily in the media, and more and more prosecutions for this offense are being conducted in the various courts. This chapter examines the phenomenon of fraud in order to obtain a full appreciation of what it exactly is.
ONLINE AUCTION FRAUD
With the increasing popularity of Internet auctions, online auction fraud has become a significant risk factor to individuals. It includes fraud due to the misrepresentation of a product advertised for sale through an Internet auction site, the nondelivery of an item purchased through an Internet auction site, and nonpayment for goods purchased through an Internet auction site. At any given time, several million items are for sale via online auction ...