Crime Fraud Is Defined As Term Paper

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He is serving a twenty-five-year sentence for his conviction.

The reason Ebbers was found guilty of criminal fraud, despite being in a business, is because his actions met the above referenced elements of fraud. For example, his filing of false statement was an intentional act that contained an untrue representation of an important fact: WorldCom's accounting. Further, this untrue statement was believed by the company's investors, or in this case, the victims.

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Further, the investors relied upon Ebbers' statement as being true and thus acted on it in terms of their investment decisions. Finally, as a result of the investor's reliance and action upon Ebbers' false statements, they lost a significant amount of money. Thus, because Ebbers' actions satisfy the elements for criminal fraud, it does not matter whether or not he was acting within a business capacity......

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"Crime Fraud Is Defined As" (2007, October 19) Retrieved May 18, 2024, from
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"Crime Fraud Is Defined As", 19 October 2007, Accessed.18 May. 2024,
https://www.aceyourpaper.com/essays/crime-fraud-defined-35039
   

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