Tag: fraud
Quiet Filing
What is 'Quiet Filing' The name given to an IPO filing where important details are intentionally excluded. Sent to the SEC in...
Fair And Accurate Credit Transactions Act (FACTA)
What is 'Fair And Accurate Credit Transactions Act - FACTA' A U.S. resolution passed in 2003 that is aimed at enhancing protection...
Fake Claims
What is 'Fake Claims' The term fake claims refers to insurance claims that are made fraudulently. These claims are made in an...
Tax Evasion
DefinitionTax evasion is the illegal evasion of taxes by individuals, corporations, and trusts. Tax evasion often entails taxpayers deliberately misrepresenting the true state of...
Unallocated Benefit
Most people have heard of unallocated benefits, but don't really know what they are or how they work. In this post, we will explore...
Bankruptcy
DefinitionBankruptcy is a legal status of a person or other entity that cannot repay debts to creditors. In most jurisdictions, bankruptcy is imposed by...
Know Your Client (KYC)
What is 'Know Your Client - KYC' The Know Your Client form is a standard form in the investment industry that ensures...
National Association Of Certified Valuation Analysts (NACVA)
What is 'National Association Of Certified Valuation Analysts - NACVA' A group of business professionals that provide valuation and litigation services for...
Jerome Kerviel
DefinitionJérôme Kerviel is a French trader who was convicted in the 2008 Société Générale trading loss for breach of trust, forgery and unauthorized use...
Lapping Scheme
What is a 'Lapping Scheme' A lapping scheme is an accounting method that involves altering the accounts receivable section of the balance...