Revision as of 22:25, 4 August 2024

Glossary | People | William K. Black

William K. Black is a law professor, criminologist, and former financial regulator.

Term	Definition	Example	References
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 {{GlossaryEntryTable
-|term=Control Fraud
+|-term=Control Fraud
 |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.
 |references=William K. Black, The Best Way to Rob a Bank is to Own One, 2005.
-|-
-|term=S&L
+|-term=S&L
 |definition=A Savings & Loan depository institution, also known as a thrift. The principle purpose of these institutions is to make mortgage loans.
 |example= I wanted to buy a house, so I compared the financing offered by my local S&L with my usual bank.