Fraud is a deliberate deception or dishonest act intended to secure an unfair or unlawful gain. This can involve misrepresentation of information, manipulation, or violation of laws and regulations to benefit oneself or others in an unethical manner. Fraud can occur in various contexts, including finance, business, and personal transactions, and can take many forms such as identity theft, credit card fraud, insurance fraud, and securities fraud. The key element of fraud is the intent to deceive, which distinguishes it from other types of misconduct or errors. Fraud is often punishable by law and considered a serious offense in most jurisdictions.
Ippei Mizunuma has been sentenced to 4 years and 9 months for defrauding Shohei Ohtani of nearly $17 million. Mizunuma portrayed himself as a victim despite evidence of his substantial…