What is the difference between consumer fraud and corporate fraud?

Consumer fraud and corporate fraud are both forms of fraud, but they involve different parties. Consumer fraud refers to deception, manipulation, or abuse that is done to consumers, often by businesses. This can include creating false advertising, not being upfront with the terms of a product or service, misrepresenting the quality of a product or service, and more. Corporate fraud, on the other hand, involves deception of corporate bodies like a company, organization, or the government. This type of fraud often involves money mismanagement, falsifying records, and other financial misconduct. Corporate fraud is generally considered a white-collar crime and can be committed by people in power, such as company executives or government officials. In Oklahoma, the Consumer Protection Unit (CPU) of the Oklahoma Attorney General’s Office is responsible for prosecuting fraud committed against consumers. This includes investigating consumer complaints of potential fraud and taking legal action when necessary. The CPU also educates Oklahomans on consumer fraud, so they can be aware of potential scams and take steps to protect themselves.

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What is the difference between consumer fraud and corporate fraud?

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