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[–] 18 points 10 months ago (3 children)

Is this technically fraud, given that it’s not real money and the loss was potential earnings (and it’s likely fully-reversible too)?

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  • [–] 7 points 10 months ago*

    Fraud isn't the right description. Fraud, at least in my jurisdiction, has specific elements. When you:

    1: make a statement or representation that you know is false, that
    2: you intend to deceive others with, for them to rely on your false statement, that
    3: your statement is materially false (that your false statement is not just something trivial or puffery), that
    4: the defrauded party does in fact rely on your false statement, that
    5: this causes damages, and that
    6: you benefit from this misrepresentation

    The fact that they did not benefit makes this not fraud. Also, just a glance at it, it would seem hacking is closer to theft than fraud. Still, not a lawyer, take this as a 1L pretending to know what he's talking about.

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