financial fraud
Illegal monetary deception
Financial fraud is intentional deception for monetary gain—falsifying records, misrepresenting facts, or concealing information to obtain money or assets illegally.
It encompasses schemes from individual identity theft to corporate accounting scandals: The CEO was convicted of financial fraud after inflating earnings reports.
Securities fraud, insurance fraud, and tax fraud are common varieties.
- Ponzi schemeFraudulent returns from newcomers
- insider tradingIllegal securities transactions using nonpublic information
- pump and dumpFraudulent stock inflation scheme
- embezzlementFraudulent taking of entrusted assets
- tax evasionIllegally avoiding government dues
cooking the books · creative accounting · money laundering · paper trail · follow the money · compliance · scam · deception · bad actors · phishing · Bernie Madoff · audits · red flags · shell company · front company · forensic accounting · whistleblower · Enron
- workplace fraudembezzlement, cash theft, kickbacks, ghost employees, padding expenses
- cyber threatsmalware, phishing, hacking, virus, ransomware
- economic ethicsfair wages, fair pricing, economic justice, economic fairness, wealth redistribution
- financial frauddefalcation, embezzler, peculation, fraudster, embezzlement
- Financial ScandalsEnron, Bernie Madoff, Ponzi scheme, insider trading, Theranos
- church scandalspriest abuse, cover-up, cover-ups, coverups, sexual misconduct
financial fraudlegal transactions
Enforceable exchanges of value
fiduciary duty · trustworthiness · ethical business practices · good governance
financial fraudphilanthropy
Generous giving for others
charitable giving · wealth creation · fair compensation · value creation · ethical investment
financial fraudfinancial integrity
Ethical handling of money
honesty · transparency · philanthropy · charitable giving · fair dealing