Financial Fraud Terminology

noun a large amount of money or valuables, especially that acquired or spent in a dishonest or illegal way

• The company's financial records revealed a discrepancy in the boodle amount.
• Let's split the boodle evenly among us.
• I heard they made a boodle selling those sneakers.
• Her charisma was the boodle that won over the audience.

noun A slang term for a brokerage firm that engages in unethical or fraudulent practices, often selling overpriced securities to unsuspecting customers.

• The government cracked down on illegal bucket shops that were operating without proper licenses.
• I heard there's a bucket shop down the street where you can get cheap airline tickets.
• My friend works at a bucket shop where they sell knockoff designer bags.
• His investment strategy was like playing the stock market at a bucket shop - risky and unreliable.

noun a slang term for a criminal or a convict

• The company's annual report highlighted the increase in sales due to their new marketing strategy.
• I heard from a friend that sales are up because of the new marketing plan.
• Word on the street is that sales are booming thanks to the new marketing scheme.
• The company's profits soared like a rocket after implementing the new marketing tactics.

noun a person or thing that is unreliable or untrustworthy, especially in business

adjective relating to or characteristic of a person or thing that is unreliable or untrustworthy, especially in business

• The company was accused of being a fly-by-night operation due to its lack of transparency and stability.
• I wouldn't trust that fly-by-night company with my money.
• That fly-by-night business is probably a scam, be careful.
• His fly-by-night attitude towards relationships never allowed him to form any lasting connections.

noun the quality of being deceitful or dishonest; a tendency to deceive or cheat

• The company was accused of fraudulence in their financial statements.
• I can't believe the fraudulence that was uncovered in the audit.
• That dude is shady, always up to some fraudulence.
• Her smile was a mask for the fraudulence in her words.

noun a fraudulent or unfair transaction or scheme; a theft or robbery

verb to cheat or swindle someone, especially by overcharging them for something

• The company was accused of engaging in a rip off scheme by overcharging customers.
• I can't believe how much of a rip off this concert ticket was!
• That store is such a rip off, they charge way too much for everything.
• His actions were a rip off of the original artist's work, lacking any originality.

noun a dishonest scheme or fraud

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adjective none

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• The company was found guilty of running a scam to defraud investors.
• I can't believe I fell for that online shopping scam.
• Don't trust those guys, they're running a total scam.
• Her smile was like a scam, hiding the true intentions underneath.

noun a list or document containing fraudulent or deceptive information, typically used for dishonest purposes

• The accountant discovered discrepancies in the swindle sheet during the audit.
• I can't believe they tried to pass off that swindle sheet as accurate.
• The boss caught them cooking the books on the swindle sheet.
• Her smile was like a swindle sheet, hiding the truth beneath a facade of happiness.

noun a fraudulent scheme or action

verb to use deception to deprive someone of money or possessions

• The businessman was arrested for attempting to swindle investors out of millions of dollars.
• I can't believe he tried to swindle me with that fake designer handbag.
• She's always looking for a way to swindle people out of their money.
• His smooth talking and charm can easily swindle you into believing anything he says.

noun a person who defrauds others, especially by means of a confidence trick

• The swindler was arrested for committing fraud and embezzlement.
• Don't trust that guy, he's a known swindler.
• Watch out for that swindler, he's always looking to scam someone.
• His smooth talk and deceptive ways make him a true swindler in the world of business.

noun a fraudulent scheme in which a person writes a cheque from one bank account with insufficient funds, deposits it into another account, then withdraws the funds before the cheque clears

• Cheque kiting is a form of fraud where a person writes a cheque from one bank account with insufficient funds, then deposits it into another account and withdraws the money before the cheque clears.
• I heard that some people try to get away with cheque kiting by moving money between accounts before the cheques bounce.
• Don't even think about cheque kiting, you'll get caught and end up in serious trouble.
• His financial schemes were like a game of cheque kiting, always trying to stay one step ahead of the consequences.

noun a branch of accounting that involves investigating financial records to uncover fraud or other illegal activities

• Forensic accounting is the application of accounting principles to legal cases.
• Forensic accounting helps uncover financial fraud through detailed analysis.
• Doing some detective work with numbers is what forensic accounting is all about.
• In a sea of financial data, forensic accounting acts as a lighthouse guiding towards the truth.

noun a person who commits scams or fraudulent acts

• The authorities warned the public about a scam artist who was targeting elderly individuals.
• I heard that there's a scam artist going around pretending to be a charity worker.
• Watch out for that scam artist, he's been conning people out of their money left and right.
• She's like a scam artist when it comes to manipulating people into doing what she wants.

noun the action of selling something to someone in a misleading or dishonest way

• The financial advisor was accused of mis-selling investment products to unsuspecting clients.
• The salesman got in trouble for mis-selling insurance policies to customers.
• The agent was busted for pulling a mis-selling scam on his clients.
• Her mis-selling of the idea led to a disastrous outcome for the project.