The Fraud

The number of crimes are increased by the time. Many inventors are competing to invent some new technologies for human's sake. Not all of the effects of the developed technologies are good. There are some bad effects that affect people's moral. In fact, the variations of the crimes that need to be concerned are so many these days. One of the most popular crimes is a fraud. 

Fraud is a deliberate misrepresentation that causes a person or business to suffer damages such as monetary losses. Fraud is one kind of theft but more complicated. Actually, there are some types of fraud. The type of fraudsters can be distinguished into three categories which are the government, the employee, and the consumer. 



 
In everyday life, we could find this type of crime mostly on the shop. Credit card as one of the thing that usually defraud. For the example, there is a woman who is using the credit card to do the payment on a shop. The employee will take the card and swipe it to the machine. The bill will be sent on the end of the month to the woman. The transaction is the key for the fraudsters. There are two possibilities on this situation. First, somebody can steal the credit card. This person might pretend to be the woman and use it to buy things while the woman hasn't realized. This called identity fraud. Second, the employee or others can do more transactions than the woman's did. In the end, the woman will loss her money and still need to pay the credit card's bill for the transaction that she never did.


In some cases, the criminals even can hack into the bank accounts and take the money. Some might take it from other's accounts while some might put the number of the money on their own accounts by hacking the bank's systems. This kind of crime need to be aware because they usually use a high technology and hard to be tracked. By the internet system, the criminal can easily gain much money everywhere and every time. 


On a bigger cases, fraud can be found in the business zone. Mostly, the business people are doing this crime by doing tax or insurance crime. People commit tax fraud if they intentionally violate their own legal duty to voluntary file income tax returns. Some companies even make a fake financial statements to manipulate the government tax. Making fake investments projects can be count as fraud. It means when people give money for something that never happens. This kind of fraud can not be done personally. Usually this crime happens between the government institute and some big companies.


The main goal of this crime is to gain as much money easily. Most fraudsters will use the money for the personal's sake. Some of the fraudsters might be related to other crimes. They defrauded the money and poured it into organised crime gangs. Those gangs might use the money to do more serious crime such as drug smuggling and people trafficking.


Fraud is one of the serious concerned of the police. However, some types of fraud are difficult to be proven in a court of law. As fraudsters have many ways to do the actions, people need to increase their awareness.


There are some solutions to avoid the daily and personal fraud by credit card and debit card. Make sure nobody stands close enough to see the pin-code. It is a big mistake to keep the pin-code in the same place as you keep the cards. Do not try to send money in response to the suspicious  letters, emails, or short messages. Be careful towards tantalize offerings. Therefore, they might be a fake offer that the fraudsters use to have your personal identity or grab your money. 


At last, do not try to be a fraudster! Even it is hard to be tracked by the law and can gain much money easily, fraud is still a serious crime. After all the justice will win. Remember, the good things will gain good things too.

by: Isabella J.C. [XIA2/13]