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I'm confused how circulating legal tender between 2 parties could be cooking books or fraud. Each party can absolutely claim they made money from the transactio
by weego 2mo ago
I'm confused how circulating legal tender between 2 parties could be cooking books or fraud. Each party can absolutely claim they made money from the transaction. The fact they lost money in a different transaction is a separate concern.
- thewileyone 2mo agoGross Revenue is sometimes passed off as Revenue in reports, until you examine the fine print.
- Spooky23 2mo agoRather than claim that they passed money around to make money, a nice income statement demonstrates that they made money. Cooking up fake transactions to make an investor think there is business happening is the definition of fraud.