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Wire Fraud. DEFINITION of 'Wire Fraud'. A situation where a person concocts a scheme to defraud or obtain money based on false representation or promises. This criminal act is done using electronic communications or an interstate communications facility. BREAKING DOWN 'Wire Fraud'. Like any type of fraud, wire fraud is a federal offense.
These 10 facts about space will blow your mind. Felony fraud is a type of criminal act. Essentially, fraud is using deceptive actions to harm another party or to benefit personally. For example, a person who uses the postal service to illegally obtain money from another party may be guilty of fraud. Felony fraud is the most serious type of fraud; it often involves government agencies, large sums of money, or very valuable assets and carries higher penalties than more minor fraud offenses. Minor fraud cases may be referred to as misdemeanor offenses.