<p>“As for fraud, I could have her spend her money on school tuition or dance lessons and put the same amount in an account in my name for her benefit with the same results.” That in itself sounds fraudulant!</p>
<p>No, that’s not fraudulent at all. A family can have a rule that the child pays for dance lessons or whatever, and the parents can still put their own money in savings to use later for what they choose…college costs, whatever! Whether the amounts are similar are irrelevant…and not illegal.</p>
<p>I could tell my child to make his own $200 car payments, and then put $200 into my savings every month. That is not fraud.</p>