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| Is financial statement fraud a crime?
Yes, financial statement fraud is considered a crime. Financial statement fraud involves intentionally misrepresenting a company's financial information in its financial statements, such as the balance sheet, income statement, and cash flow statement. This can involve inflating assets, understating liabilities, manipulating revenue figures, or engaging in other deceptive practices to make the company appear financially healthier than it actually is. Engaging in financial statement fraud can have serious legal consequences, including both civil and criminal penalties
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Boersen is not alone
