fraud investment & finance definition
A
legal term that refers to the intentional misrepresentation or concealment of
the truth in order to manipulate or deceive a company or individual. When
companies undergo severe financial problems and end up in bankruptcy, fraud by
senior management may be involved.
See fraud in Wall Street Words
Deception carried out for the purpose of achieving personal gain while causing injury to another party. For example, selling a new security issue while intentionally concealing important facts related to the issue is fraud.
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