Fraud is deceit with the intent to gain an unfair advantage at another’s expense. It can come in many forms, from false insurance claims to stock pump & dump schemes.

To prove fraud under common law, a plaintiff must demonstrate that the perpetrator made a representation about a material past or existing fact and that the victim relied on the misrepresentation to her injury.

What is Action Fraud?

If someone uses false representations to take advantage of another person or organization, they have committed fraud. Fraud is “a knowing misrepresentation of a material fact or concealment of a material fact to induce another to act to his or her detriment.” There are many types occupational frauds, including identity thefts, phishing schemes and advance fee schemes. Fraudsters are also capable of committing mail fraud, securities or mortgage fraud. Depending on the type of fraudulent scheme, a criminal fraud case may be filed at the state or federal level.

Action Fraud

Action Fraud is the UK’s national reporting centre for fraud and cyber crime. It’s hosted by City of London Police as the national policing lead for fraud and is part of the National Fraud Intelligence Bureau (NFIB). The NFIB assesses reports to identify those cases with the most potential to be investigated by police forces and other law enforcement agencies.

While some types of fraud are more serious than others, all involve misleading another person for financial gain. False statements used to defraud another person can lead to a variety crimes, such as credit card fraud or check fraud. Wire fraud and welfare fraud are also possible. If a person lies about their employment status in order to receive benefits, this is employment fraud. This could have serious consequences.

A criminal fraud conviction will usually result in fines or restitution to the victim. It’s important to remember that a fraud conviction will not result in the defendant going to prison. Victims of a civil fraud can file a lawsuit against the fraudster, and the judge may award damages in addition to restitution.

How can I report fraud?

Action Fraud is the place to go if you are concerned about financial fraud, cyber crime, or believe you may have been a victim. City of London Police is the UK’s main policing agency for fraud in England and Wales. You can either use the online reporting tool, or call them directly if you have any concerns. There are also advisors on web chat available to help you in case of need.

The National Fraud Intelligence Bureau will assess the report against other reports and determine if it is worth investigating. Please be aware that Action Fraud cannot investigate individual reports but can refer them to the police and other anti-fraud organizations.

If you have been the victim of a wire transfer scam and lost money, you should contact the company that processed the payment and ask them to reverse the transaction. You should also inform the three credit reporting companies to place a fraudulent alert on your file, which will prevent any new credit from being opened without you permission.