What is the difference between consumer fraud and corporate fraud?

The difference between consumer fraud and corporate fraud is based on the type of entity or individual being targeted in the fraud. Consumer fraud is when a person or a business deceives or takes advantage of an individual consumer in an effort to gain money or property. This can happen through false advertising, bait-and-switch tactics, hidden fees, or fraudulent loans. Consumer fraud could also involve scams by telephone, email, or other tactics to misinform a consumer in order to get money or information. Corporate fraud, on the other hand, is when an individual or a business uses deception or other illegal practices to take advantage of a corporation or financial institution in order to gain money or property. Common forms of corporate fraud include insider trading and accounting fraud. Insider trading is when someone uses confidential information about a company to make financial decisions for their own personal gain. Accounting fraud is when an individual or a business uses false or misleading financial records to gain a financial or personal advantage. In California, consumer fraud and corporate fraud are both serious illegal offenses that are punishable by fines and/or imprisonment. Both involve illegal practices that target a person or entity in order to gain money or property and can involve a variety of deceptive tactics. Consumer fraud is typically directed at individual consumers while corporate fraud is usually aimed at a corporation or financial institution.

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What is the difference between consumer fraud and corporate fraud?

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