Editor's Note: Here is a link to a paper written by Martin Armstrong. As a bit of disclosure, here is what Wikipedia has opens with about Mr. Armstrong . . . Martin Armstrong is the former chairman of Princeton Economics International Ltd. Indicted in 1999 on bogus charges of bilking Japanese investors, he spent seven years jailed for contempt of court before finally pleading guilty in 2007, and he is now serving a five-year sentence for conspiracy to commit fraud.
Here is a link to his paper - Click Here
GoldmanSachs666 Message Board
According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage". In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia