Don't know what jurisdiction you're in, but fraudulent transactions[1] == "theft" in the colloquial/moral sense where I'm from. Malice is not requisite to defraud.
[1] I charge you for services but do not provide them.
[1] I charge you for services but do not provide them.
http://en.wikipedia.org/wiki/Fraud http://en.wikipedia.org/wiki/Theft