Define the Term "Criminal Fraud" and Discuss the Three Elements

question 17

Essay

Define the term "criminal fraud" and discuss the three elements generally involved in establishing criminal fraud.

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Definitions:

Corporate Assets

Assets owned by a corporation, including tangible and intangible items, that are used in the operation of the company.

Stock Split

A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares.

Corporate Ownership

Refers to the ownership of shares in a corporation, determining the distribution of control and benefits among shareholders.

Dividends

Payments made by a corporation to its shareholders, often derived from profits.