Fraud involves more Planning than does Theft

In Fraud Theft, by contrast, requires only the unauthorized taking of another’s property with the intent to permanently deprive the other of the property. Because fraud involves more planning than does theft, it is punished more Fraud criminal statutes provide for the punishment of persons convicted of fraudulent activity. Interstate fraud and fraud on the government are singled out for prosecution.

The most common fraud charges are for mail and wire fraud. Mail and wire fraud criminalize the use of the mails or interstate wires to create or further a scheme to defraud. Tax fraud against the government consists of the willful attempt to evade or defeat the payment of taxes due and owing in Fraud and hence Depending on the defendant’s intent, tax fraud results in either penalties or criminal Fraud penalties can reach an amount equal to 75 percent of the underpayment. Criminal punishment includes fines and imprisonment in Fraud.

The degree of intent necessary to maintain criminal charges for tax fraud is determined on a case-by-case basis by the Internal Revenue Service and prosecutors. There are other fraud laws. For example, in Fraud the fraudulent registration of Aliens is punishable as a misdemeanor under federal law. The “victim” in such a fraud is the government and also Fraud violations of banking laws are also subject to prosecution.


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