J. P. Morgan trader Bruno Iksil placed a giant risky trade and lost $6 billion for the bank. His boss and assistant conspired to cover up the losses by filing false reports. These crimes are known as:a. corporate crimes. b. violations. c. violent crimes. d. street crimes

Question

Social Studies

Evie Norton

8 May, 19:54

J. P. Morgan trader Bruno Iksil placed a giant risky trade and lost $6 billion for the bank. His boss and assistant conspired to cover up the losses by filing false reports. These crimes are known as:a. corporate crimes. b. violations. c. violent crimes. d. street crimes

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Answers (1)

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Korbin Strickland · Answer 1

Answer: (A) Corporate crime

Explanation:

The corporate crime is basically defined as the crime which is committed by the corporation and any type of business entity in an organization.

In the corporate crime, the legal actions are sometimes taken on the behalf of the organization or the corporation. It basically include tax evasion, fraud and also the manipulation in the corporation data.

According to the given situation, filling the false report is mainly refers to the corporate crime. Therefore, Option (A) is correct.