Abstract
Long-firm fraud is not an offence known to law, and, although the term is frequently used by lawyers in court, it has never received any precise legal definition. The following may prove to be a good working definition: a long-firm fraud is a business which obtains or attempts to obtain, on credit, substantial quantities of goods for which the effective owners either (1) know that they will be unable to pay, or (2) irrespective of whether or not they are able to pay, have no intention of paying.
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Notes
D. A. Thomas, Principles of Sentencing ( London: Heinemann, 1970 ).
N. Walker, Sentencing in Rational Society ( Harmondsworth: Penguin, 1969 ).
N. Morris, and G. Hawkins, The Honest Politician’s Guide to Crime Control ( Chicago: University of Chicago Press, 1970 ).
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© 1980 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Levi, M. (1980). The Sentencing of Long-firm Frauds. In: Leigh, L.H. (eds) Economic Crime in Europe. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-04175-6_4
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DOI: https://doi.org/10.1007/978-1-349-04175-6_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-04177-0
Online ISBN: 978-1-349-04175-6
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