Define: Suspected Fraud

How is Suspected Fraud defined in a legal contract?

• Suspected Fraud means an irregularity that leads to the start of administrative or judicial proceedings at a national level in order to affirm the occurrence of intentional behavior, especially fraud. Seen in 10 SEC filings.
• Suspected Fraud means an irregularity that triggers the onset of administrative or judicial proceedings at a national level with the purpose of certifying the existence of intentional behavior, particularly fraud. Seen in 8 SEC filings.
• Suspected Fraud means evidence supporting a finding of fraud. Suspected fraud can lead to a criminal investigation by legal enforcement. Seen in 1 SEC filing.
• Suspected Fraud means an irregularity causing the initiation of administrative or judicial proceedings at a national level to establish the presence of intentional behavior. Seen in 1 SEC filing.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of suspected fraud' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Suspected Fraud means initiating [national level] proceedings due to unusual activity suggesting intentional fraud.

Relevant Contract Types

• Service Agreement
• Non-disclosure Agreement
• Consulting Agreement
• Employment Contract

Relevant Circumstances

• Unusual financial transactions are detected.
• Employee behavior triggers internal investigation.
• Audits reveal inconsistencies in company books.

Relevant Sectors

• Financial Services
• Technology
• Healthcare

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Genie Definition 2

• Suspected Fraud means evidence that implicates fraudulent activity leading to a legal investigation.

Relevant Contract Types

• Vendor Agreement
• Franchise Agreement
• Loan Agreement

Relevant Circumstances

• Unusual activity in financial transactions.
• Suspicious patterns in data or metrics.
• Whistleblower reports of fraudulent behavior.

Relevant Sectors

• Retail
• Real Estate
• Banking

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