SpectraScience Inc (SCIE)

[Liveingreenbay]

Legal Definition of fraud
Any act, expression, omission, or concealment calculated to deceive another to his or her disadvantage; specifically : a misrepresentation or concealment with reference to some fact material to a transaction that is made with knowledge of its falsity or in reckless disregard of its truth or falsity and with the intent to deceive another and that is reasonably relied on by the other who is injured thereby.

If the CEO is selling shares in a company manufacturing a product that doesn't work then IMO that is criminal fraud. If the wavestat worked then there'd be sales by now, wouldn't you think?