Predictions about the future generally do not form the basis for fraud.

Question

Quizplus · Accepted Answer

Predictions about the future, even if they turn out to be incorrect, are not necessarily fraudulent as long as they are made in good faith and based on all the available information at the time. However, if someone intentionally misrepresents or manipulates information in order to make a prediction and then uses that prediction to deceive others for financial gain, that could be considered fraudulent behavior.

Predictions About the Future Generally Do Not Form the Basis