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Concept information

Terme préférentiel

bond fraud  

Définition(s)

  • BOND FRAUD involves the sale of stolen, fraudulent, or worthless United States securities. The Securities Act of 1933 defines a security as “any note, stock, treasury stock, security future, bond, collateral-trust certificate, or certificate of deposit.” The most common bond used to perpetrate fraud is the historical bond.Historical bonds, which were once valid securities of various American entities, are now worthless as securities and only collected and traded as historical memorabilia. [Source: Encyclopedia of White-Collar & Corporate Crime; Bond Fraud]

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URI

http://data.loterre.fr/ark:/67375/N9J-QS2NJQR2-5

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