What is Fraud?
Fraud is committed when one allegedly deceives, falsifies or by other fraudulent means, defrauds the public or a person of any property, money, valuable security or any service.
Frauds can involve a breach of trust situations involving employers, credit cards and debit cards, fraud involving contractors, and financial or other business or legal documents. The following is a list of the potential type of frauds:
As in all criminal cases, entering a plea of guilty to a fraud charge can have profoundly serious consequences and may affect your work, immigration status, reputation, family and your personal freedom.
Under the Criminal Code of Canada, Section 380.(1), every one who is found guilty of Fraud Over $5000 is guilty of an indictable offence that is punishable by a term of imprisonment up to fourteen years.
Under the Criminal Code of Canada, Section 380.(1)(b), every one who is found guilty of Fraud Under $5000 is guilty of an indictable offense that is punishable by a term of imprisonment up to two years, or in less serious cases, by an offence punishable on summary conviction.
Nevertheless, there are steps you must take if you are charged with Fraud.