Misrepresentations are false statements of truth that affect the other party’s decision regarding the contract.
Such false statements may void the contract and, in some cases, cause the other party to claim damages.
Misrepresentation is a ground for breach of contract in transactions, regardless of size, but only applies to statements of fact, not opinions or forecasts.
There are three types of misrepresentation: innocent misrepresentation, negligent misrepresentation, and willful misrepresentation, each of which has different remedies.
Black money includes all funds earned as a result of illegal activities, as well as other legitimate income that is not taken into account for tax purposes.
A boiler room is a scheme in which sellers use high-pressure selling tactics to persuade investors to buy securities, including speculative and fraudulent securities.
Channel stuffing refers to the practice of a company supplying more products to distributors and retailers through a distribution channel than end users can purchase in a reasonable amount of time.
A High Yield Investment Program (HYIP) is a fraudulent investment scheme that aims to generate extremely high returns in excess of 100% on investments.
A letter scam in Nigeria is a scheme in which a sender offers someone a commission - usually via email - for helping them transfer a large amount of money.
Racketeering is the acquisition of a business through illegal activities, the conduct of a business with illegal income, or the use of a business to commit illegal activities.
A fraudulent trader is an employee of a financial firm who engages in unauthorized, often high-risk activities that result in large losses for the firm.