when opening  new account what are the factors for medicare fraud
New Account Fraud. 46 Financial Institution Fraud. V. NEW ACCOUNT FRAUD. New account fraud is generally defined as fraud that occurs on an account within the first 90 days that it is. open. It occurs when it is found that the account was opened with the intent to commit fraud. The. process of establishing either a checking or a savings account may be done in person at a branch office.