abstract:The Statute of Frauds (29 Car 2 c 3) (1677) is an Act of the Parliament of England. It required that certain types of contracts, wills, and grants, assignment or surrender of leases or interest in real property must be in writing and signed to avoid fraud on the court by perjury and subornation of perjury.
Prosecutors indicted Swartz for violating Section 1030 of the Computer Frauds and Abuse Act, the anti-hacking statute, related to unauthorized accessing of a computer and obtaining information therefrom.
Currently, the statute does not reach frauds involving options or futures, which include some of the derivatives and other financial products that were part of the financial collapse.