Fraudulent Conveyance
The illegal transfer of property to another party in order to defer, hinder or defraud creditors. Investopedia Says:
In order to be found guilty of fraudulent conveyance, it must be proven that the accused's intention for transferring the property was to put it out of reach of a known creditor. Related Terms:
Cease And Desist
Conveyance
Creditor
Forensic Accounting |