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Introduction:
Corporate fraud refers to illegal activities undertaken by an individual or company
that are done in a dishonest or unethical manner. Often, this kind of business
fraud is designed to give an advantage to the perpetrating individual or company.
Corporate fraud schemes go beyond the scope of an employee's stated position
and are marked by their complexity and economic impact on the business, other
employees, and outside parties.
Companies adopts various Modus-operandi to commit such corporate frauds,
which may include misrepresentation in prospectus, manipulation of accounting
records, debt hiding, etc.