What is the difference between private and public fraud?

Private fraud and public fraud are two types of white collar crime that can occur in the state of Kansas. Private fraud is when an individual, private company, or other private entities commit fraud for personal gain. This can be in the form of thefts, financial scams, insider trading, embezzlement, or other forms of deceit. Public fraud, on the other hand, is a type of crime that affects the public. Examples of public fraud may include bribery, corruption, or misuse of public funds by government officials. It can also involve misuse or alteration of public records, or any other type of fraud that involves a government entity. The difference between the two is that private fraud is typically committed by individuals or private entities, while public fraud is committed by those who are in positions of authority and have access to public funds and resources. Private fraud is usually less severe than public fraud, but both types of fraud can have serious consequences and carry hefty punishments in Kansas.

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What is the difference between private and public fraud?

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