Sentence examples for fake transactions from inspiring English sources

He is said to have hidden it using fake transactions with cooperating companies.

Often, they will take over legitimate businesses which they can then push the money through in fake transactions, generating a paper trail of receipts.

Paperwork from the fake transactions was then used by Mr. Piana, the president of Casa Piana, an exporting company, to request the export rebates from the Argentine Government.

F1 Health & Fitness F6 BUSINESS DAY C1-18 Fake Transactions Admitted Reliant Resources, one of the country's largest electricity traders, said it had conducted fake transactions with other power companies that inflated its revenue by 10percentt over the last three years.

These sources claim that Mr Adoboli took advantage of a loophole in securities law by using exchange-traded funds (ETFs) to book these fake transactions, since ETF rules do not force brokers immediately to produce confirmations of trades.

On top of that, says the report, Mr Tan was in cahoots with at least eight stockbroking firms to fake transactions and thus to inflate volumes in BW shares.For a while the scam worked spectacularly.

Napier was a senior vice president at General Re in 2000 and 2001, when the reinsurance giant allegedly created a fake transaction to spiff up the books of top client American International Group.

For example, if Alice can see in the public ledger that address ZZZZ owns 5 bitcoin, why can't Alice pretend to be the owner of address ZZZZ and write a fake transaction message to convince the Bitcoin network that address ZZZZ is sending 5 bitcoin to her address AAAAAAAAA?

Through contracts were signed and checks were exchanged, Mr. Brown said that the arrangements were actually fake "wash" transactions that served only to inflate Ebitda.

Michael Rigas, former operations vice president for Adelphia Communications, knew about fake circular transactions with two suppliers and did nothing to prevent them, a former company executive testified yesterday.

The news magazine said the data covers trade volume of €70bn and holds information pertaining to hidden money, as well as details of fake business transactions – deals that led to an unjustified refund of capital gains tax to certain companies.