Regardless of whether or not you think the CEO was being "fastieous"??, she made these statements in front of a large group of shareholders, without any indication that it was not meant to be taken literally. That being said, it left the impression that there was something huge on the Tesoro, subsiquently needing protection from the US army.

The term 'fraud' is generally defined in the law as an intentional misrepresentation of material existing fact made by one person to another with knowledge of its falsity and for the purpose of inducing the other person to act, and upon which the other person relies with resulting injury or damage