Geography 2153A/B Study Guide - Midterm Guide: Front Running, Embezzlement, False Advertising
28 Jun 2016
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Document Summary
Chapter 7: crimes in the economic and technological systems. Technological and economic systems are interdependent the economic system relies on technology to survive and the technological system requires economic advances to grow. The economic system includes banks, investment companies, and stock markets across the world, commodities markets and other exchanges and markets where individuals are able to make investments, purchase raw materials and secure goods. Crimes in the economic system can be classified as investment frauds. Occurs when investments made by consumers are managed or influenced fraudulently by stockbrokers or other officials in the economic system. Securities and commodities fraud: broad concept capturing a range of behaviors designed to rip off investors. Securities fraud: refers to fraudulent activities related to stocks, bonds and mutual funds. Commodities fraud: fraudulent sale of commodities investment (e. g. gold and oil) Commodities: raw materials such as natural gas, oil, gold, agricultural products and other tangible products that are sold in bulk form.
