What is the difference between fraud and corruption ?

Fraud and corruption are both forms of dishonesty and unethical behavior, but they differ in their nature and scope.

Fraud typically involves an individual or organization deceiving others for personal gain. This can include activities such as embezzlement, forgery, identity theft, and securities fraud. Fraud is usually committed by a single person or a small group of individuals, and the primary motivation is financial gain.

Corruption, on the other hand, involves the abuse of power or position for personal or political gain. This can include activities such as bribery, kickbacks, nepotism, and cronyism. Corruption often involves multiple individuals or organizations working together to exploit their positions of authority for personal benefit. Corruption can occur in both the public and private sectors, and it can have far-reaching consequences for society as a whole.

In summary, fraud is typically a form of financial deception committed by individuals, while corruption involves the abuse of power for personal or political gain.