Sunday, July 9th, 2006
How Fraud Occurs- Disclosure Fraud (Part 6)
Overall Misrepresentation
( In the case of Bre-X Minerals )
This is mainly in the form of Disclosure Frauds.There are three (3) categories of disclosure frauds which comprises the following:
- Overall misrepresentations about the nature of the company or its products, usually made through news reports, interviews, annual reports, and elsewhere
- Misrepresentations in the management discussions and other non-financial statement sections of annual reports, 10-Ks, 10-Qs, and other reports
- Misrepresentations in the footnotes to the financial statements






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