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"That is a fraudulent statement," said Mr. Adamson, who said he had worked at the company for 25 years.
It accuses the controversial company of making fraudulent statements to consumers about the quality of its driver background checks and a $4 airport fee to riders traveling to and from San Francisco international airport, even though the drivers weren't paying that fee to the airport.
When a company under stress makes fraudulent statements about its financial condition, it is a sign of desperation, and possibly imminent collapse.
Consider a scenario in which a materially misleading statement inflated the market price of a security so that the price was higher than it would have been but for the fraudulent statement, and suppose that a class of investors purchased the stock at a price that, unknown to them, was fraudulently distorted.
By far the broadest federal statute criminalizing lying is 18 U.S.C. § 1001, which makes it a crime to "knowingly and willfully... make any materially false, fictitious, or fraudulent statement or representation" in the course of "any matter within the jurisdiction of the executive, legislative, or judicial branch" of the federal government.
makes any materially false, fictitious or fraudulent statement or representation shall be [guilty of a felony].
The report further accuses the doctor of submitting fraudulent statements to insurance companies and hospitals to cover infertility treatments, and of pressing patients to evade state investigators.
If the trustee make a false representation, equity would compel him to make good the loss sustained by the purchaser in consequence of the fraudulent statement.
As part of the deal, he agreed to cooperate and admitted making fraudulent statements in an interview with FBI agents at the White House on Jan . 24 , 2017
Law enforcement authorities in New York say Ms Khobragade "allegedly caused a materially false and fraudulent document to be presented, and materially false and fraudulent statements to be made, to the US department of state in support of a visa application for an Indian national employed as a babysitter and housekeeper at her home in New York".
Amgen has conceded the efficiency of the market for the securities at issue and has not contested the public character of the allegedly fraudulent statements on which Connecticut Retirement's complaint is based.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com