forged financial data
[fɔːrdʒd fɪˈnænʃəl ˈdeɪtə]
noun phrasepl: forged financial data (invariable)
dados financeiros falsificados
1. Financial records, statements, or information that have been deliberately altered, fabricated, or fraudulently created to deceive or misrepresent the true financial condition of a person, company, or organization
The audit revealed that the company had submitted forged financial data to secure loans from the bank.
A auditoria revelou que a empresa havia apresentado dados financeiros falsificados para obter empréstimos do banco.
2. Counterfeit or fabricated financial documents used in fraud schemes, money laundering, or other illegal activities
The criminal organization used forged financial data to launder millions of dollars through legitimate businesses.
A organização criminosa utilizou dados financeiros falsificados para lavar milhões de dólares através de empresas legítimas.
In both Brazilian and American business cultures, forged financial data is a serious crime that can result in severe criminal penalties, corporate dissolution, and executive imprisonment. In Brazil, the concept is heavily regulated by the Securities Commission (CVM) and Federal Revenue Service (Receita Federal). In the USA, the SEC (Securities and Exchange Commission) and FBI actively investigate such cases. The term gained particular prominence in Brazil following high-profile corporate scandals and is a major concern in corporate governance discussions.
NYC Slang
cooked books, doctored financials, fake numbers
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