Even the most lucrative investors can lose money from time to time. In addition, all financial advisors can make mistakes when it comes to predicting the health of the market. This is why all investment losses cannot be automatically attributed to a case of securities fraud.
While the truth may hurt, lies are often worse
Adults sometimes have difficulty making friends. Unlike children who have a ready group of pals at school, adults tend to have limited access to potential buddies. Still, for adults, having a good friend or group of friends is important for a variety of reasons. Lying to protect your friends, though, could land you in legal jeopardy.
Common types of business fraud
Business fraud is a criminal offense of intentionally attempting or successfully executing a plan to defraud a business or obtain control of property owned by a business. These goals are usually accomplished via false representations, promises or pretenses. Business fraud is common, especially among small businesses with 100 or fewer employees. Small businesses experience an average loss of $154,000 because of fraudulent activities.
