Fraud is committed when one, by deceit, falsehood or other fraudulent means, defrauds the public or a person of any property, money, valuable security or any service. Under the Criminal Code, it does not matter whether the person defrauded can be ascertained or not. The Crown does not have to prove actual economic loss suffered by the victim. However, they must prove an actual risk of prejudice to the victim’s economic interest.
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