Fraud
Categories: Accounting, IPO, Ethics/Morals, Board of Directors
An attempt to gain an unfair advantage over another party through the use of misrepresentation, concealment, or outright deception.
Example
The executives at Acme Corporation release a new product and claim that Wylie E. Coyote has finally caught the Road Runner using this product. It’s a lie, but it causes stock prices to rise. The company has committed fraud.