Fraudulent Intent Law and Legal Definition

A person is said to act with fraudulent intent when s/he either with a view to benefit himself/herself or with a view to mislead other makes any statement or representation which s/he knows to be false. Courts generally apply the badges of fraud to find out the fraudulent intent. Fraudulent is an essential element to constitute the crime of fraudulent conveyance. However, in Falcon v. Thomas, 258 Ill. App. 3d 900 (Ill. App. Ct. 4th Dist. 1994), the court had observed that proof of actual fraudulent intent is not necessary, to prove a fraudulent conveyance.