Fraud: Intentional deception resulting in injury to another person.
Lie: A statement that deviates from or perverts the truth.
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Looks like a Fraud could come under the general umbrella of LIE.
BTW, regarding the definition of Fraud, I don’t necessarily agree with the phrase: “ resulting in injury to another person.”
One could commit a fraud in order to further an idea or a cause without a person being injured in the process.
Dictionary definition of fraud: wrongful or criminal deception intended to result in financial or personal gain.
The more I hear about this case, the more convinced I am that it was a deliberate fraud. Just for starts, I’m no electronic genius, but I still know that pulling a clock apart and putting it in a new box is not “building” a clock. Although I suppose it could be a brainy kid making fun of his elders by pulling such an obvious scam — anyone with a techie gene is going to see immediately what he has done, which is likely what happened with the teacher who told him to put it away and don’t mess around with it in school.
I would call that a form of fraud, but trying to make your teachers look dumb in front of you and your buddies is a very different thing from trying to convince the elders that you’re being unjustly abused. Either way, the kid needs to be held accountable, but I would call the second a crime (because he is actively trying to collect money), while the first would be more of a misdemeanor.