major frauds

Major frauds are schemes where individuals or organizations deceive others for financial gain. Examples include Ponzi schemes, where new investors' money pays earlier investors, eventually collapsing; securities fraud, involving misleading information to manipulate stock prices; and accounting fraud, where companies falsify financial reports to appear more profitable. These frauds undermine trust, cause financial losses, and can lead to legal penalties. They often rely on deception, concealment, or misrepresentation to mislead investors, regulators, or the public about the true financial state or intentions of the parties involved.