60-710 Introduction to criminal fraud (fraudulent evasion)
The Fraud Act 2006 provides a statutory definition of the criminal offence of fraud, defining it in three classes:
(1)fraud by false representation;
(2)fraud by failing to disclose information; and
(3)fraud by abuse of position.
The Fraud Act 2006 also provides that a person found guilty of fraud is liable to a fine or imprisonment for up to 12 months on summary conviction (six months in Northern Ireland), or a fine or imprisonment for up to ten years on conviction on indictment. This Act largely replaced the laws relating to obtaining property by deception, obtaining a pecuniary advantage and other offences that were created by the Theft Act 1978.