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As I showed in my previous work, The Cost of Securities Fraud, fraud harms employees, suppliers, rivals, and government.
As for our customers, knowing fraud harms a cause they believe in, rather than an insurance company they don't, brings out their better nature too.
"As our results demonstrate, a high level of mislabeling nationwide indicates that seafood fraud harms not only the consumer's pocket book, but also every honest vendor or fisherman along the supply chain.
Lab science fraud harms the innocent, it harms society because the convictions of guilty people are called into question, and it harms the public trust and the taxpayer coffers.
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"ICP's fraud harmed AIG and the American taxpayer," AIG said in an official statement, "and we are fighting back".
The S.E.C. whistle-blower program targets fraud that harms investors or consumers through a securities law violation, while the health care cases typically involve cheating the Medicare or Medicaid programs.
Seafood fraud also harms fisheries and fishermen -- when seafood is not well labeled or tracked, it makes it easier to launder illegally caught seafood products into the U.S. market.
So how did the assertion about fraud alerts harming credit scores came about?
On the other side, proponents of regulation contend that unbridled capitalism inevitably leads to excess, fraud and harm.
Here's the sentence: "Not only was the service a useless waste of money, the suit alleged, but the constant setting of fraud alerts harmed customers' credit scores".
The suit says ICP manipulated those securities in a way that benefited itself and Moore Capital, which is not accused of fraud, but harmed A.I.G.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com