LEGL 2700 Lecture Notes - Lecture 16: Embezzlement, Insider Trading
2 Mar 2017
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Document Summary
Business-related crimes: fraud: intentionally deceiving somebody to convince them to enter into a contract. 2) the false statement must be made about a material fact (important to the transaction) 3) must make false statement with the intent to trick or deceive (misrepresentation is not a crime) Reckless indifference to the truth: i don"t know for sure what. Robbery: stealing with some threat of force. Insider trading: endangering workers: knowingly exposing workers to unnecessary risks or danger and somebody gets hurt. Associated crimes: you haven"t done anything illegal, but have liability for helping somebody"s criminal conduct: conspiracy: 2+ people work together to plan a crime. 2) every one of the defendants voluntarily joined that conspiracy. 3) one conspirator commits an overt act (a physical activity) 4) that overt act must be something intended to carry out the crime. This action does not have to be illegal (ex: buying ski masks to use to rob a bank)
