The phrase "a wave of fraud" is correct and usable in written English.
It can be used to describe a sudden increase or surge in fraudulent activities or schemes.
Example: "The recent reports indicate that there has been a wave of fraud targeting online shoppers during the holiday season."
Alternatives: "an outbreak of fraud" or "a surge in fraud".
Optimism appears to be rising that the Securities and Exchange Commission can reach some sort of accommodation with Chinese authorities to get help in investigating a wave of frauds at Chinese-based companies.
But that isn't how it worked out after WorldCom collapsed in a wave of accounting fraud.
Regulators across the country are confronting a wave of investor fraud that is saddling retirement savers with steep losses on complex products that until a few years ago were pitched only to the most sophisticated investors.
The episode at St . Barnabas whose legal problems are not over, is part of a wave of Medicare fraud investigations that, according to a federal report, have reached more than 450 hospitals nationwide.
The Sarbanes-Oxley Act, approved by Congress months after Andersen's trial and intended to address a wave of corporate fraud, has led to considerable additional work for accounting and consulting firms, many of them well populated with Andersen alumni.
Critics say that those arrests hardly constitute a wave of voter fraud worthy of such a broad demand for documents, which they said could overwhelm the budgets and staffs of small counties just when they need to be preparing for the November election.
And today, cooperation, under the Thompson guidelines, as a practical matter often requires companies to waive the attorney-client privilege and cooperate in other ways". The so-called Thompson memorandum, drafted in 2003 by the deputy attorney general, Larry Thompson, in the wake of a wave of corporate fraud, laid out guidelines on prosecutions of corporations.
At the same time, while a network of state attorneys general are vowing to prosecute a wave of foreclosure fraud involving fabricated documents and ruses designed to force people out of their homes, there's been only a smattering of grassroots actions designed to protest needless or unfair evictions caused by the Wall Street-driven economic collapse in the first place.
Valuations of companies from China that are listed in the United States have come under pressure in recent years after a wave of allegations of fraud and other accounting scandals.
