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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.
The last type of fraud is forgery, and it is a crime in which someone falsely alters or changes a document or creates a document or signature that is not their own with the intent to fraud another person. Other types of white collar crimes are bribery, embezzlement and extortion.