Glossary/Control Fraud/TableSummary: Difference between revisions

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|term1=[[Glossary/Control Fraud|Control Fraud]]
|definition1=When people who control (i.e. the CEO) a seemingly legitimate entity use it as a weapon to defraud.
|example1=The S&L crisis was perpetuated by an epidemic of control fraud, whereby CEOs defeated and suborned internal and external controls to fraudulently report record profits and increase their personal wealth.
|references1=William K. Black, The Best Way to Rob a Bank is to Own One, 2005.

Latest revision as of 03:20, 6 August 2024

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