Glossary/Control Fraud

Term	Definition	Example	References
Control Fraud	When people who control (i.e. the CEO) a seemingly legitimate entity use it as a weapon to defraud.	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.	William K. Black, The Best Way to Rob a Bank is to Own One, 2005.
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