A fraud is an attempt to deceive another for financial gain. Financial frauds are a form of theft/ larceny which occur when a person or entity takes money or property, in an illicit manner, with the intent to gain a benefit from it. Such crimes usually involve some form of deceit, subterfuge or the abuse of a position of trust, which distinguishes them from common theft or robbery. High and unrealistic returns for small amounts of investment, easy and risk-free investment are some of features of financial frauds. Some types of fraud are Debit/ Credit card frauds, Identity Thefts, Insurance Frauds, Pyramid Schemes amongst others.