Short Essay on Bank Fraud
Short Essay on Bank Fraud – Fraud, generally speaking, is an act committed with an intention to deceive in order to gain undue advantage of someone.In order for it to be fraud in the legal sense the person on whom the fraud was sought to be committed should have necessarily fallen prey to it. If an attempt of fraud is made but the person concerned was not actually deceived, it is not ‘fraud’ as understood legally.Bank fraud is a fraud committed on banks mainly by fraudulent representations using false documents. Bank fraud concerns all citizens. It is a very sensitive issue as it affects the public faith on which the whole Banking system is pre-dominantly based. Image Source: blog.nsbank.com ADVERTISEMENTS: Bank fraud includes all sorts of misappropriations, embezzlements, manipulations of…