A businessman who operated the largest Ponzi scheme in history.
Bernie Madoff.
The financial gains a business or individual earns after subtracting all expenses, costs, and taxes from total revenue.
Profits.
An individual, company, or institution that owns at least one share of a company's stock.
A shareholder.
The act of fraudulently taking or misappropriating money or property that one has been entrusted with, typically in a business or organizational setting (think Truong My Lan).
Embezzlement.
A strong dedication or obligation to a person, goal, project, or cause, often requiring consistent effort, time, and resources.
A commitment.
Consumers' consistent preference for a particular brand or product over time, even when alternatives are available.
Brand loyalty; loyalty.
Anyone who is affected by/has interest in the success or outcomes of an organization.
A stakeholder.
What is fraud?
Fraud is the deliberate act of deception or misrepresentation intended to result in financial or personal gain, often at the expense of others.
An imperfection, flaw, or shortcoming in something, whether in its design, function, or quality. It can be used to describe physical imperfections (such as in a product) or more abstract shortcomings (such as in behavior or character).
Defect.
This Chinese company admitted to fabricating sales numbers to inflate revenues.
Luckin Coffee.
An unintended consequence occurring some time after an event or action, especially an unwelcome one.
Repurcussions.
A person or company that provides goods or services to another business or organization. They play supply chain, ensuring that the raw materials, components, or finished products needed for production or sale are available.
Suppliers.
Contributing positively to society through philanthropy, community engagement, and fair business practices.
Social responsibility.
A situation where a business must choose between actions that could compromise moral principles or integrity.
An ethical dilemma.