Corporate Fraud Hurts Real People

The majority of corporate fraud cases accounting schemes designed to deceive investors and Wall Street analysts about the true financial condition of a corporation. Through the manipulation of financial data, the stock value of a corporation is artificially inflated because investors and the public are being given fictitious numbers about the company’s business performance.

Think Enron, for starters.

The FBI expects that the number of cases will continue to increase. The last year has seen a 100 percent increase over the number of Corporate Fraud cases pending at the FBI from the prior year. Eighteen of the FBI’s current pending cases (as of May 2005) involved losses to public investors which exceeded $1 billion each. And three to six new cases were being started each month.

Big Business knows Big Money ... and so do Big Crooks. Stealing that money from investors and federal regulatory agencies can cost taxpayers, and you, billions of dollars each year.

If you are a victim of fraud, we can help.

Call us at 1-888-331-6422 or email us today for a Free Fraud Case Review!

Usually Corporate Fraud involves the following activities:

(1) Falsification of financial information, including false accounting entries, bogus trades designed to inflate profit or hide losses, and false transactions designed to evade regulatory oversight;

(2) Self-dealing by corporate insiders, including:

• (a) Insider Trading;
• (b) Kickbacks;
• (c) Misuse of corporate property for personal gain; and,
• (d) Individual tax violations related to self-dealing;

(3) Fraud in connection with an otherwise legitimately-operated mutual or hedge fund (including, for example, late trading, certain market timing schemes, falsification of net asset values, and other fraudulent or abusive trading practices by, within, or involving a mutual or hedge fund); and,

(4) Obstruction of justice designed to conceal either of the above-noted types of criminal conduct, particularly when the obstruction impedes the inquiries of the Securities and Exchange Commission (SEC), other regulatory agencies, and/or law enforcement agencies.

Corporate Fraud rips off investors, many of whom are retired people who have invested their life savings in stocks and bonds of companies run by nothing short of white collar thieves and crooks.

Corporate Fraud Protection Tips:

• Don’t deal with any stock broker who calls you “out of the blue” on the phone.
• Investigate a company carefully before you invest your money.
• Never invest more than you can afford to lose.
• Always keep some of your money held back in quickly obtainable funds, such as a bank account or easily sold investments or valuables.

Also, if you sue the fraudster to recover federal money that was illegally taken from the federal government, in many cases you can receive a percentage of the recovery as a reward for uncovering and reporting the fraud!

If you are a victim of fraud, we can help. Call us at 1-888-331-6422 or email us today for a Free Fraud Case Review!

For more information about Ohio Consumer Law and consumer fraud visit our Ohio Consumer Law site.