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Home > QFINANCE Dictionary > Definition of long firm fraud

Definition of

long firm fraud

Fraud

crime of business buying on credit, then disappearing in the United Kingdom, a criminal activity in which somebody sets up an apparently legitimate wholesaling business, obtains fake credit references, trades on credit with wholesale suppliers with no intention of paying for the goods, and then disappears

Definitions of ’long firm fraud’ and meaning of ’long firm fraud’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’long firm fraud’ and other financial terms with our online QFINANCE Financial Dictionary.

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