Obtaining a pecuniary advantage by deception was a statutory crime created under English law by Section 16 of the
Theft Act 1968. That offence was repealed by the
Fraud Act 2006 (effective 15th Jan 2007).
A person who is guilty of fraud is liable-
(a) on summary conviction, to imprisonment for a term not exceeding 12 months or to a fine not exceeding the statutory maximum (or to both);
(b) on conviction on indictment, to imprisonment for a term not exceeding 10 years or to a fine (or to both).