What is Corporate Filing Fraud? Can your business become a promising victim?

Corporate filing fraud, also known as business identity theft, involves fraudulent activities committed under the guise of a large corporate entity or by the corporation’s top executives¹. This can include a wide variety of fraudulent activities such as:

1. Misrepresenting assets or revenues in accounting and reporting¹.
2. “Cooking the books” for accounting or federal filing¹.
3. Amemding and/or Falsifying statement of information and other filings with the Secretary of State
4. Fraudulent transfers, particularly of business assets¹.
5. Illegal or fake business loans to the company and siphoned by a business leader¹.
6. False purchases and other fraudulent transactions¹.
7. Intentionally inaccurate financial reports or doctored documents¹.
8. Falsification of tax returns¹.

These fraudulent activities can have serious implications for a business, including financial loss and damage to the business’s reputation. It’s important for businesses to implement strong security measures and regularly monitor their financial statements and other business records to detect and prevent corporate filing fraud.