. Copyright Infringement: What It Is, What It Means, and How to Avoid It Is copyright infringement a civil or criminal matter? Copyright infringement is a civil matter. What are the types of infringement? There are many types of infringement, but some of the most common include copyright infringement, trademark infringement, and patent infringement. Copyright … Read more
An accountant’s liability is the legal responsibility that an accountant has for his or her actions. This liability can arise from either negligence or from intentional wrongdoing. For example, if an accountant makes a mistake that causes financial losses for his or her client, the accountant may be held liable for those losses. Alternatively, if … Read more
Lapping schemes are fraudulent activities used by financial institutions to cover up missing or stolen funds. In a lapping scheme, a customer’s payments are applied to a different account than the one from which the funds were originally stolen. This allows the financial institution to continue to collect interest on the stolen funds, while the … Read more
Price rigging is a form of market manipulation in which participants conspire to artificially inflate or deflate prices in order to profit from the resulting price movements. Price rigging can occur in any market where there is sufficient liquidity to allow for large trades, and can be accomplished through a variety of means, including collusion, … Read more
Malfeasance is defined as a wrongful act that is committed by a person who is supposed to be performing a lawful duty. In the context of financial crime and fraud, malfeasance typically refers to acts of corruption or bribery. For example, a public official who accepts a bribe in exchange for awarding a government contract … Read more
A watered stock is a security that has been issued for more than its fair market value, often because the company has misrepresented its financial condition. This can happen when a company issues new shares to raise capital, but does not disclose that the shares are being issued at an artificially inflated price. As a … Read more
The Nigerian Letter Scam, also known as the 4-1-9 Scam, is a type of advance fee fraud that originated in Nigeria. The scam typically involves promising the victim a large sum of money in exchange for a small up-front investment, which the scammer requires in order to release the funds. The Nigerian Letter Scam is … Read more
A facilitating payment is a payment made to secure the performance of a routine governmental action of a minor nature, which the payer is legally entitled to receive. This term is typically used in the context of bribery and corruption, as facilitating payments are often made in order to secure the performance of a routine … Read more
Computer abuse refers to any illegal activity that involves the use of a computer. This can include things like hacking into someone else’s computer to steal their personal information, using a computer to commit fraud or identity theft, or creating and distributing computer viruses. What are 3 computer crimes? 1. Identity theft: This is when … Read more
Misrepresentation is a false or misleading statement or representation made by one party to another party during negotiations for a contract or other agreement. Misrepresentations can be either intentional or unintentional, but if they induce the other party to enter into the agreement, they may give rise to a claim for damages or rescission of … Read more
