Tag: fraud

What is a 'Lapping Scheme' A lapping scheme is an accounting method that involves altering the accounts receivable section of the balance...

DefinitionA racket is a planned or organized criminal act, usually in which the criminal act is a form of business or a way to...

What is 'Occupancy Fraud' A type of mortgage fraud, whereby the borrower lies about whether or not the home will be owner...