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FINANCIAL SCAMS
BY TEAM
SAPPHIRE
Ankit Porwal
CAUSES OF FINANCIAL SCAM
 Corruption
 Lack of Employment
 Selecting wrong leaders
 Nobody is there to object the tendency of bribing
 International Collapse
EFFECTS ON INDIAN ECONOMY…
 Financial scam can have an impact on any person or
organization that has a financial interest in the success or
failure of a company
 It has the power to put employees out of work once the fraud
is exposed or collapses
 Rise in Inflation
 Unemployment
 Financial Scam will cause shareholders to overpay for their
investment in the company
MEASURES TO MINIMIZE SCAMS
 Seek qualified and honest professionals
 Creating awareness in the eyes of people
 Selecting the honest leaders
 Creating of independent checking body
THANQ…
THANQ…

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Financial scam

  • 2. CAUSES OF FINANCIAL SCAM  Corruption  Lack of Employment  Selecting wrong leaders  Nobody is there to object the tendency of bribing  International Collapse
  • 3. EFFECTS ON INDIAN ECONOMY…  Financial scam can have an impact on any person or organization that has a financial interest in the success or failure of a company  It has the power to put employees out of work once the fraud is exposed or collapses  Rise in Inflation  Unemployment  Financial Scam will cause shareholders to overpay for their investment in the company
  • 4. MEASURES TO MINIMIZE SCAMS  Seek qualified and honest professionals  Creating awareness in the eyes of people  Selecting the honest leaders  Creating of independent checking body