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Business Law 5-8 1/13/15 Jaudeedra Waye Niacin Mercer Ashlie Linder Kareem Bush
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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.
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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
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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.
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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.
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Embezzlement Positive Negative You can get money and buy stuff with it
• Going to jail
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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
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• 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