Concept information
Preferred term
Equity Funding Corporation of America
Definition
- The Equity Funding Corporation of America carried out a massive accounting fraud regarding mutual funds and life insurance policies in the 1960s and 1970s. Employees of Equity Funding used computers to create fictitious life insurance policies, then sold the policies to other life insurance companies. [Source: Encyclopedia of White-Collar and Corporate Crime; Equity Funding Corporation of America]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/Equity_Funding_Corporation_of_America
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