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v. t. e. Financial crime is crime committed against property, involving the unlawful conversion of the ownership of property (belonging to one person) to one's own personal use and benefit. Financial crimes may involve fraud ( cheque fraud, credit card fraud, mortgage fraud, medical fraud, corporate fraud, securities fraud (including insider ...
Elder – any of several types of fraud in which older people are frequently targeted, including economic abuse, § romance, § lottery, and sweepstakes. [ 10] Electoral, or election manipulation, voter fraud, vote rigging – illegal interference with the process of an election, either by increasing the vote share of a favored candidate ...
Financial mismanagement. Financial mismanagement is management that, deliberately or not, is handled in a way that can be characterized as "wrong, bad, careless, inefficient or incompetent" and that will reflect negatively upon the financial standing of a business or individual. [ 1] There are many ways of how financial mismanagement is carried ...
Criminal law. Embezzlement (from Anglo-Norman, from Old French besillier ("to torment, etc."), of unknown origin) [ 1] is a term commonly used for a type of financial crime, usually involving theft of money from a business or employer. It often involves a trusted individual taking advantage of their position to steal funds or assets, most ...
v. t. e. In criminology, corporate crime refers to crimes committed either by a corporation (i.e., a business entity having a separate legal personality from the natural persons that manage its activities), or by individuals acting on behalf of a corporation or other business entity (see vicarious liability and corporate liability ).
Long firm fraud. A long firm fraud (also known as a consumer credit fraud) is a crime that uses a trading company set up for fraudulent purposes; the basic operation is to run the company as an apparently legitimate business by buying goods and paying suppliers promptly to secure a good credit record. [ 1][ 2] Once they are sufficiently well ...
Coupon (finance) In finance, a coupon is the interest payment received by a bondholder from the date of issuance until the date of maturity of a bond. [ 1] Coupons are normally described in terms of the "coupon rate", which is calculated by adding the sum of coupons paid per year and dividing it by the bond's face value. [ 2]
Tunneling or tunnelling is financial fraud committed by "the transfer of assets and profits out of firms for the benefit of those who control them". In legal terms, this is known as a fraudulent transfer, such as when a group of major shareholders or the management of a publicly-traded company orders that company to sell off its assets to a second company at unreasonably low prices.