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Economic fraud

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Amkyss Ayoub

This document discusses economic fraud, including definitions, common types, and famous cases. It defines fraud as any intentional deception or omission to gain an unfair advantage. The three main types of fraud are financial statement fraud, corruption, and asset misappropriation. Financial statement fraud involves deliberately misleading financial reports. Corruption uses undue influence for personal gain. Asset misappropriation involves theft or misuse of company resources. Famous fraudsters mentioned include Charles Ponzi, known for Ponzi schemes, J辿r担me Kerviel who conducted rogue trading, and Bernard Madoff whose Ponzi scheme caused $64.8 billion in losses.

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Economic Fraud By : Amkyss Ayoub
Outline : What is a Fraud ? What are the main types of fraud ? Famous fraudsters and scandals .
What is a fraud ? A fraud is sort of Act of deception, it is an intentional concealment, omission, or perversion of truth, to gain unlawful or unfair advantage, induce another to part with some valuable item ,or to surrender a legal right. Read more: http://www.businessdictionary.com/definition/fraud.html
What is a fraud ? (2) any intentional act or omission designed to deceive others, resulting in the victim suffering a loss or the perpetrator achieving a gain, usually , monetary . a deception deliberately practiced in order to secure unfair or unlawful gain an intended cheating to gain an illegal advantage
2) What are the main types of fraud ? There are 3 main common types of fraud : Financial statement fraud Corruption Assest misappropriation
1)Financial statement fraud Financial statement fraud is deliberate misrepresentation, misstatement or omission of financial statement data for the purpose of misleading the reader and creating a false impression of an organization's financial strength .
2)Corruption corruption refers to schemes in which fraudsters use their influence in business transactions in a way that violates their duty to their employers in order to obtain a benefit for themselves or someone else .
3) Assest misappropriation assest misappropriation schemes are frauds in which the perpetrator steals or misuses an organization's ressources.
Famous fraudsters Charles Ponzi (1882- 1949) Italien swindler Known for Ponzi Scheme Cost his investors to lose $20 million
Famous fraudsters (2) J辿r担me Kerviel (1977- ) French trader and consultant Known for Rogue Trading He was charged of abusing of confidence and illegal access to computers He cost his company to lose $4.5 billion
Famous fraudsters (3) Bernard Madoff (1938- ) American fraudster , former brock stocker, investment advisor amd financier Known for Ponzi scheme He cost losses about $64.8 billion
Famous scandals
Economic fraud
Economic fraud
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Economic fraud

  • 1. Economic Fraud By : Amkyss Ayoub
  • 2. Outline : What is a Fraud ? What are the main types of fraud ? Famous fraudsters and scandals .
  • 3. What is a fraud ? A fraud is sort of Act of deception, it is an intentional concealment, omission, or perversion of truth, to gain unlawful or unfair advantage, induce another to part with some valuable item ,or to surrender a legal right. Read more: http://www.businessdictionary.com/definition/fraud.html
  • 4. What is a fraud ? (2) any intentional act or omission designed to deceive others, resulting in the victim suffering a loss or the perpetrator achieving a gain, usually , monetary . a deception deliberately practiced in order to secure unfair or unlawful gain an intended cheating to gain an illegal advantage
  • 5. 2) What are the main types of fraud ? There are 3 main common types of fraud : Financial statement fraud Corruption Assest misappropriation
  • 6. 1)Financial statement fraud Financial statement fraud is deliberate misrepresentation, misstatement or omission of financial statement data for the purpose of misleading the reader and creating a false impression of an organization's financial strength .
  • 7. 2)Corruption corruption refers to schemes in which fraudsters use their influence in business transactions in a way that violates their duty to their employers in order to obtain a benefit for themselves or someone else .
  • 8. 3) Assest misappropriation assest misappropriation schemes are frauds in which the perpetrator steals or misuses an organization's ressources.
  • 9. Famous fraudsters Charles Ponzi (1882- 1949) Italien swindler Known for Ponzi Scheme Cost his investors to lose $20 million
  • 10. Famous fraudsters (2) J辿r担me Kerviel (1977- ) French trader and consultant Known for Rogue Trading He was charged of abusing of confidence and illegal access to computers He cost his company to lose $4.5 billion
  • 11. Famous fraudsters (3) Bernard Madoff (1938- ) American fraudster , former brock stocker, investment advisor amd financier Known for Ponzi scheme He cost losses about $64.8 billion
  • 15. Thank you for your consideration and time