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There are various types of fraud

· Abuse of company funds: This is using a company’s own money for uses that benefit the individual but do not benefit the company. .

· Arson: The prime example is burning down a building for the insurance money.

· Conflict of interest: This is where you ask for advice from a salesman who earns a salary from selling one of those products and nothing for telling you to buy the other product. The advice given could be fraudulent

· Corruption: One who abuses the responsibility placed in them for personal gain, perhaps by taking a bribe

· Deceit: Deliberately misleading someone for personal gain though no actual crime has been committed.

· Embezzlement: This is the illegal use of funds placed in someone's control.

· Falsified financial statements or Cooking the books: This old accounting phrase refers to the manipulation of financial statements and records to conceal the reality.

· False/fraudulent claims: Insurance claims overvaluing the loss or creating the loss for secret gain.

· Influence peddling: When one person attempts to control the actions of another by offering that person rewards outside the normal course of business.

· Insider trading: Gaining from or reducing a loss from a publicly traded security by selling it or buying it on information secretly obtained and distributed with the purpose of allowing a gain.

· Internal theft: The pilferage of company assets by employees..

· Misappropriation of company funds for personal gain: This is using the company's cash for one’s own use. It is a crime in a public company, as it is an abuse of investor’s funds.

· Payoff/kickback: These activities refer to bribes. A bribe is a direct payment in order to gain what one would not be likely to gain in normal circumstances.

· Phoney or bad investments: Phoney schemes, phoney property deals, false stock information and impossible returns, business buy-outs etc. make up most types of this fraud..

· Power-Plays: Office politics are major creators of power-play opportunities.

· Royalty and license fraud: This is attempting to avoid paying fees for the use of another’s intellectual property

· Skimming: Taking money directly from the receipts and not recording them on the books. On a large scale, it can be called it "income diversion".

· Spying: Selling of secrets, industrial or national for secret gain.

These are all crimes, but unlike other crimes, if you have been subject to a fraud, it may be for you to obtain evidence that a fraud has taken place, before any action, either by the police or in the Civil Courts can be taken.
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