Glossary/Control Fraud/TableSummary: Difference between revisions
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(Created page with "{{GlossaryEntryTable |term1=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. }}") |
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|term1=[[Glossary/Control Fraud|Control Fraud]] | |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. | |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. | |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. | |references1=William K. Black, The Best Way to Rob a Bank is to Own One, 2005. | ||
Revision as of 03:20, 6 August 2024
|term1=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.