Meaning of familiar fraud | Babel Free

Definitions

A type of fraud in which someone fraudulently opens accounts or makes purchases in someone else's name, in which the victim is a close friend or family member.

countable, uncountable

Examples

“Familiar fraud cases trace back to family members as offenders, as well as friends, neighbors, coworkers and in-home employees.”

“Addressing, much less prosecuting, familiar fraud is difficult because victims often don't want to hurt the fraudster but then wind up with the financial loss.”

“Familiar fraud can be particularly difficult to deal with as you might not want to press charges against a close friend or family member.”

CEFR level