Caracas Country Club, founded in 1918 and with 8,000 well-heeled members, went on the offensive last week by claiming the expropriation threat was based on fraudulent documents.
The company repeatedly performed internal audits of its lending practices, and discovered multiple times that enormous proportions of the loans it was issuing were based on fraudulent documents.
Some loans might have been based on fraudulent appraisals, he said.
Of course, an investor must prove that he held onto the shares based on fraudulent or reckless statements.
A massive review concluded that Stapel published 55 articles based on fraudulent data in serious journals – even in Science.
Beyond that, the state education department says that schools that may have received federal grants based on fraudulent test scores could be forced to return the money.
In April, the California court ruled that an investor who held a stock based on fraudulent financial statements could indeed sue.
The study which claimed to prove the weight-loss abilities of the product was retracted after it emerged it was based on fraudulent data.
The A & G deals are cited in a class-action suit filed last week in federal district court in Florida, alleging a scheme to sell properties based on fraudulent appraisals.
Banks that received money from the relief program must also curb outsize severance packages, and pull back bonuses that were based on fraudulent or misstated results.
They need to be liable for sending erroneous information to credit bureaus based on fraudulent transactions.
