Tuesday, December 05, 2006 7:06:03 PM
Elements of fraud:
1. an individual or an organization intentionally makes an untrue representation about an important fact or event;
2. the untrue representation is believed by the victim (the person or organization to whom the representation has been made);
3. the victim relies upon and acts upon the untrue representation;
4. the victim suffers loss of money and/or property as a result of relying upon and acting upon the untrue representation.
There is no question that fraud was committed. The only question is will the authorities do anything about it. My guess is probably not unless it becomes a squeaky wheel (gets the oil).
And to those of you who we have no one to blame but ourselves -- see above, not when someone in authority makes an untrue representation.
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