Glossary/Black, William K.: Difference between revisions
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{{GlossaryEntryTable | {{GlossaryEntryTable | ||
|term=Control Fraud | |term=Control Fraud | ||
|term=S&L | |||
|definition=When people who control (i.e. the CEO) a seemingly legitimate entity use it as a weapon to defraud. | |definition=When people who control (i.e. the CEO) a seemingly legitimate entity use it as a weapon to defraud. | ||
|example=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. | |example=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. | ||
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|example= I wanted to buy a house, so I compared the financing offered by my local S&L with my usual bank. | |example= I wanted to buy a house, so I compared the financing offered by my local S&L with my usual bank. | ||
|references= ___ | |references= ___ | ||
|- | |||
|term=S&L Crisis | |||
|definition= | |||
}} | }} | ||
Revision as of 22:34, 4 August 2024
Glossary | People | William K. Black
Maintained by: Daniel Hawley
William K. Black is a law professor, criminologist, and former financial regulator.
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