Legal Fraud (Noun)
Meaning
Comprises all acts or omissions or concealments involving breach of equitable or legal duty or trust or confidence.
Classification
Nouns denoting acts or actions.
Examples
- The whistleblower's allegations of embezzlement and money laundering were grounds for investigating the company's board of directors for legal fraud.
- The court ruled that the company's concealment of defects in their product constituted legal fraud and ordered them to pay compensation to affected customers.
- The auditor's report identified several instances of financial misstatements that were considered legal fraud and resulted in the company's CEO being fired.
- The government agency was accused of legal fraud for withholding information about the environmental impact of the new development project from the public.
- The law firm was sued for legal fraud for failing to disclose a conflict of interest to their clients in the high-profile merger case.