Saturday, 11 February 2017

Edward Balleisen on the long history of fraud in America

Edward Balleisen describes different kinds of fraud this way:

One important distinction involves the targets of intentional economic deceit. Sometimes individual consumers defraud businesses, as when they lie on applications for credit or life insurance. Sometimes taxpayers defraud governments, by hiding income. Sometimes employees defraud employers, by misappropriating funds, which sociologists call “occupational fraud.” I focus mostly on deceit committed by firms against their counterparties (other businesses, consumers, investors, the government), or “organizational fraud.”

[From Edward Balleisen on the long history of fraud in America]


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