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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.
Definition of fraud for English Language Learners. : 1  the crime of using dishonest methods to take something valuable from another person. : 2  a person who pretends to be what he or she is not in order to trick people. : 3  a copy of something that is meant to look like the real thing in order to trick people.