Financial fraud definition

Financial fraud means any plan or scheme to sell an investment product to the
Sample 1Sample 2Sample 3
Financial fraud means an act of fraud involving embezzlement of funds, misappropriation of funds, fudging or concealment of related party transactions or diversion of funds, each with the intent of defrauding the Company and its Shareholders, and where such fraudulent activity has been proven in a court of law and Person committing such fraud has been convicted of the same;
Sample 1
Financial fraud means any fraud, intentional misrepresen-
Sample 1

Examples of Financial fraud in a sentence

  • Financial fraud is big business, contributing to an estimated 20 billion USD in direct losses annually.

  • Embezzlement• Financial fraud, like for example theft or misappropriation of funds that are in one’s care or belong to an organisation or one’s employer or a business that one works for.

  • Financial fraud would not constitute a crisis.A crisis is also likely to be an event that will require the management of communications, internally and with others outside the organisation, and a review of the security measures and the decision to operate in a certain location.

  • Financial fraud in the private health insurance sector in Australia.

  • The accumulated sediment in thecatch basin is a potential source of several metals (Jackson 1997).

  • Financial Fraud: Financial fraud is a growing area of concern and interest.

  • Financial fraud in many of the eight countries during the 1990s left early investors with heavy losses and a distrust of market-oriented systems, rather than hoped-for profit.

  • Financial fraud and abusive transactions undermine the tax system and thus are a main target of the Division’s criminal and civil litigation efforts.

  • Financial fraud crimes have become more p r ev a lent i n r ece nt ye ar s a s cr iminal or g an iz at ion s tak e a dv anta ge of th e significantly greater amounts of personal and corporate financial information now available and the ability to access that information through computer technology.

  • Financial fraud has existed and evolved throughout the economic history, adapting to the changing environment and trading conditions.


More Definitions of Financial fraud

Financial fraud means any plan or scheme to sell an investment
Sample 1

Related to Financial fraud

  • financial creditor means any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to;

  • Fraud means any offence under Laws creating offences in respect of fraudulent acts or at common law in respect of fraudulent acts in relation to the Contract or defrauding or attempting to defraud or conspiring to defraud the Crown.

  • Compensable injury means an injury by accident arising out of and in the course of hazardous employment which must be established by medical evidence supported by objective medical findings.

  • Financial Impairment means that a carrier is not insolvent and is:

  • Financial Contract of a Person means (i) any exchange-traded or over-the-counter futures, forward, swap or option contract or other financial instrument with similar characteristics or (ii) any Rate Management Transaction.

  • Financial exploitation means a breach of a fiduciary duty by an actor’s unauthorized expenditure of funds entrusted to the actor for the benefit of the vulnerable adult or by an actor’s failure to provide food, clothing, shelter, health care, therapeutic conduct or supervision, the failure of which results or is likely to result in detriment to the vulnerable adult. Financial exploitation also includes: the willful use, withholding or disposal of funds or property of a vulnerable adult; the obtaining of services for wrongful profit or advantage which results in detriment to the vulnerable adult; the acquisition of a vulnerable adult’s funds or property through undue influence, harassment, duress, deception or fraud; and the use of force, coercion, or enticement to cause a vulnerable adult to perform services against the vulnerable adult’s will for the profit or advantage of another.

  • Financial Default means the total cessation or partial suspension of operations due to insolvency, with or without the filing of a bankruptcy petition by a tour operator, Cruise line, or airline.