Not GP but I might throw in my opinion. While you focused on the crime itself GP focused on the person committing the crime. That way I can agree to both of you. While the crime of fraud is less morally wrong than armed robbery to me, the person committing the robbery very likely has a very different background and less choices. It might seem to be the only way to feed their family or a very natural way as they were grown up with it. While for fraud its about having more and more money, mostly for living a luxury life.