business law 5-8 1/13/15 jaudeedra waye niacin mercer ashlie linder kareem bush

Business Law 5-8 1/13/15 Jaudeedra Waye Niacin Mercer Ashlie Linder Kareem Bush

Definitions of words• Fraud- wrongful or criminal deception intended

to result in financial or personal gain• Bank fraud- is the use of potentially illegal

means to obtain money, assets, or other property owned or held by a financial institution, or to obtain money from depositors by fraudulently posing as a bank or other financial.

• Theft- the action or crime of stealing.• Embezzlement- theft or misappropriation of

funds placed in one's trust or belonging to one's employer.

Fraud Positive Negative• You can get money• Buy merchandise

• You can get arrested• The police will take your

merchandise away because it was purchased illegally

Bank FraudPositive Negative • Get money • You can go to jail

• The banks will fail• People with money in the

bank will lose it because people steal it.

TheftPositive Negative• The thief gets what he

wants (sometimes).• You get karma and

sometimes ( depends on what you stole) you can got to jail or prison.

Embezzlement Positive Negative You can get money and buy stuff with it

• Going to jail

APA citations Embezzlement: Google. (n.d.). Retrieved from http://www.google.com/search?q=define embezzlement&oq=define embe&aqs=chrome.1.69i57j0l5.3375j0j7&sourceid=chrome&es_sm=122&ie=UTF-8&gws_rd=ssl

Theft: Google. (n.d.). Retrieved from http://www.google.com/search?q=define embezzlement&oq=define embe&aqs=chrome.1.69i57j0l5.3375j0j7&sourceid=chrome&es_sm=122&ie=UTF-8&gws_rd=ssl#safe=active&q=define theft

• Bank fraud: Google. (n.d.). Retrieved from http://www.google.com/search?q=define embezzlement&oq=define embe&aqs=chrome.1.69i57j0l5.3375j0j7&sourceid=chrome&es_sm=122&ie=UTF-8&gws_rd=ssl#safe=active&q=define bank fraud

• Fraud: Google. (n.d.). Retrieved from http://www.google.com/search?q=define embezzlement&oq=define embe&aqs=chrome.1.69i57j0l5.3375j0j7&sourceid=chrome&es_sm=122&ie=UTF-8&gws_rd=ssl#safe=active&q=define fraud