3 years ago

Define the 2 concepts fraud and corruption and give examples of each

1 answer:

4 0

Fraud is a criminal act when one deceives or does a deceitful act to gain or benefit from something or from a situation. An example of this would be illegal transferring of funds (embezzlement) in order to get money from an account.

Corruption is a criminal act wherein one abuses the power he has in order to gain benefit from something or from a situation. An example of this would be a police officer accepting bribery from a powerful government official in order to save him from the negative consequences of being dismissed in office.

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