Tunneling or tunnelling is financial fraud committed by "the transfer of assets and profits out of firms for the benefit of those who control them". In legal terms, this is known as a fraudulent transfer, such as when a group of major shareholders or the management of a publicly traded company orders that company to sell off its assets to a second company at unreasonably low prices.
Tunneling or tunnelling is financial fraud committed by "the transfer of assets and profits out of firms for the benefit of those who control them". In legal terms, this is known as a fraudulent transfer, such as when a group of major shareholders or the management of a publicly traded company orders that company to sell off its assets to a second company at unreasonably low prices.
Source: Wikipedia "Tunneling (fraud)" · CC BY-SA 4.0
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