Fraud is defined as a deliberate and deceptive act carried out with the intent to gain an unfair or unlawful advantage. Fraud is mostly associated with deceit, misrepresentation or concealment of information in order to gain a financial advantage and personal gain. The term fraud encompasses a wide range of dishonest activities, including but not limited to creating false statements, forgery, identity theft, embezzlement as well as many other forms of deceitful practices all aimed at defrauding individuals, organisations or the general public.