Re:Elizabeth Holmes found guilty
by dragonwriter on Tuesday January 04, 2022 @06:32AM
(#29793717)
> Fraud deals with purely financial loss
False. Fraud deals with any time in which something of value (not just something financial) is obtained under false pretenses, and (where civil damages or criminal restitution is sought/awarded for it) can address all compensable harms resulting from the misrepresentation, not just loss that was financial in character (the restitution will be financial, of course, but that's also true of negligence.)
Re:Elizabeth Holmes found guilty
by starfallg on Tuesday January 04, 2022 @12:17PM
(#29797196)
Loss of property or of value is still monetary loss, which is financial. The fact is that for fraud, you much prove that something of value has been lost.
False. Fraud deals with any time in which something of value (not just something financial) is obtained under false pretenses, and (where civil damages or criminal restitution is sought/awarded for it) can address all compensable harms resulting from the misrepresentation, not just loss that was financial in character (the restitution will be financial, of course, but that's also true of negligence.)