fraudulent benchmarks
[frɔ́dʒələnt ˈbɛntʃmɑrks]
noun phrasepl: fraudulent benchmarks
índices fraudulentos / parâmetros fraudulentos / benchmarks fraudulentos
1. False or manipulated performance standards, metrics, or reference points used to deceive stakeholders about actual performance, quality, or financial status
The company was caught using fraudulent benchmarks to mislead investors about its market performance.
A empresa foi descoberta utilizando benchmarks fraudulentos para enganar investidores sobre seu desempenho no mercado.
2. Deliberately falsified comparison data or indicators used in corporate, financial, or academic contexts to create a false impression of success or compliance
The auditors identified fraudulent benchmarks in the financial statements that inflated profitability ratios.
Os auditores identificaram índices fraudulentos nas demonstrações financeiras que inflacionaram as taxas de lucratividade.
This term gained prominence in both Brazilian and American business discourse following major corporate scandals such as the Libor manipulation scandal (2012) and various financial crises. In Brazil, fraudulent benchmarks are particularly scrutinized by CVM (Comissão de Valores Mobiliários - Securities Commission). The term reflects growing concern about corporate transparency and has become common in compliance, audit, and legal sectors across both countries.
NYC Slang
cooking the books / phony metrics
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