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- Fraud (1)
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- Secured Credit; Subsidiaries; Inefficiency; Fraud; Asset Partitioning; Non-transparency; Corporate Disclosure; Corporate Structure; Allocation of Assets; Affiliates; Enforcement; Secured Creditor Model; Secured Credit Law; Credit Security Transparency; Commericial Transaction; Corporation; International Finance; Corporate Responsibility; Transparency (1)
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Articles 1 - 2 of 2
Full-Text Articles in Secured Transactions
Transparency In Corporate Groups, Jay Lawrence Westbrook
Transparency In Corporate Groups, Jay Lawrence Westbrook
Brooklyn Journal of Corporate, Financial & Commercial Law
This Article addresses a remarkable blind spot in American law: the failure to apply the well-established principles of secured credit to prevent inefficiency, confusion, and fraud in the manipulation of the webs of subsidiaries within corporate groups. In particular, “asset partitioning” has been a fashionable subject in which the central problem of non-transparency has been often mentioned but little addressed. This Article offers a concept for a new system of corporate disclosure for the benefit of creditors and other stakeholders. It would require disclosure of corporate structures and allocations of assets among affiliates to the extent the affiliates are to …
Theme Park Fraud And How To Catch It, Lilly Lask
Theme Park Fraud And How To Catch It, Lilly Lask
Economic Crime Forensics Capstones
One of the most significant, if not the most important financial difficulty facing theme parks today is credit card fraud and the use of counterfeit money by individuals to improperly obtain theme park tickets. The tickets are then used by the fraudsters themselves, or sold or otherwise distributed to guests of the parks. The improper use of the tickets significantly impacts the income of the parks. In order to continue to appropriately manage the parks after the losses, ticket prices need to be raised, which generally leads to a reduction in the valid revenue of the parks as they become …