Prior studies examine how fraud firms manipulate accruals in order to overstate their earnings. We document that some … fraud firms also manipulate operating cash flows in order to fraudulently overstate earnings. More importantly, we predict …

, shareholders, and probably common employees and agents—are immune from personal liability for fraud that they themselves commit as … fraud. When the entities are not liable, these new holdings leave fraud victims no remedy at all, even if a jury would find … fraud. One (or maybe two) Texas appellate courts have held otherwise. The Supreme Court of Texas will probably decide the …

Over-criminalization in white collar crime can be viewed as overestimating the harm of fraud, leading to over … fraud. Since underestimation bias could limit criminal liability to the most egregious cases of fraud, this may be welcomed … civil fraud enforcement, prosecutors may instead increase reliance on criminal sanctions. Moreover, this civil-criminal bias …

securities fraud litigation. In determining whether the event study demonstrates a price effect, expert witnesses typically base … normative matter, it may reduce enforcement of fraud claims because litigation event studies typically involve quite low … ensuing impact on the likelihood that valid claims of fraud will erroneously be rejected. In so doing, the article highlights …

cryptocurrency fraud prosecution, looking at the issue of whether cryptocurrency is included in securities fraud statutes. It also … relief. Additional clarification is needed to ascertain whether cryptocurrency fraud can be prosecuted under current … securities fraud statutes. This Essay questions such prosecutions when the location of key definitions rest within agency …

fraud theory of insider trading law implies that, interpreting these implicit contracts over information, the SEC can cast a … prohibits fraud in connection with the purchase or sale of securities. Commentators have long lamented this fact, viewing the … law's grounding in an anti-fraud statute as a quirk of history with little to recommend it. After all, what does fraud …

active participation in business affairs, leaving women especially exposed to all manner of fraud and malfeasance. This …