Fake accounts can hinder a company’s financial growth

[Starmix]

I cannot fathom the mindsets of some company operators who do not mind about fake accounts. They want to attract the attention of the investors thinking it is a potential strategy. In the long run, those makes will face severe consequences because there are investors who will ask about the number of quality users on a platform to forecast growth, and false representations of user numbers can result in lawsuits down the road. Faking an account because of personal interest may result in nothing. Why not make it legal when it becomes a lifetime investment that fakes an account for a shorter duration of an investment?

 

[aninditasen]

I cannot fathom the mindsets of some company operators who do ot mind about fake accounts. They want to attract the attention of the investors thinking it is a potential strategy. In the long run, those makes will face severe consequences because there are investors who will ask about the number of quality users on a platform to forecast growth, and false representations of user numbers can result in lawsuit down the road. Faking an account because of personal interest may result in nothing. Why not make it legal when it becomes a lifetime investment that fakes an account for a shorter duration of an investment?

In India people with black money create fake accounts to hide their black money. They get caught sometimes and sometimes escape.

 

[Suba]

Currently, there are many smart investors who are not easily deceived by fake accounts or false financial data, because financial data will be related to public accounting, capital markets and taxes. The tax department has also employed experts and can detect fraud. so investors will easily compare the data.

 

[Starmix]

In India people with black money create fake accounts to hide their black money. They get caught sometimes and sometimes escape.

There are people like that, they are not afraid of the law. They are blinded with money that is gained illegally. They will have a short minded business owners .

 

[aninditasen]

There are people like that, they are not afraid of the law. They are blinded with money that is gained illegally. They will have a short minky business.

Such people are slowly spreading in India and black money is flowing in India.

 

[Starmix]

Such people are slowly spreading in India and black money is flowing in India.

Really? That's horrible. They're not afraid of the law and authorities. It manifests bad image to the youths who are hopes of the motherland.

 

[aninditasen]

Really? That's horrible. They're not afraid of the law and authorities. It manifests bad image to the youths who are hopes of the motherland.

The youth today in India are more criminal minded, most want to become filthy rich and the talented are leaving India to work abroad. For all the situation our Indian politicians are responsible.

 

[Starmix]

The youth today in India are more criminal minded, most want to become filthy rich and the talented are leaving India to work abroad. For all the situation our Indian politicians are responsible.

It's better for those kids who work abroad leaving your country for good. It's better that way than to live in misery with a corrupt governance.

 

[eLdavis]

There are people like that, they are not afraid of the law. They are blinded with money that is gained illegally. They will have a short minded business owners .

These set of people are simply after what they can get now and notting else. They do not think about the future, or how their actions now would affect others later on.

 

[Starmix]

These set of people are simply after what they can get now and notting else. They do not think about the future, or how their actions now would affect others later on.

They do not think of the future, they are only minding the present and the next day for their aims and whims which will lead them to rot in jail once caught by authorities.

 

[SilverLance]

Short-term gains from deceptive practices may come with severe long-term consequences that can affect not just the people involved, but also the reputation and viability of the company itself.

 

[Starmix]

During my university days, there was a teacher who faked his account. It was not immediately traced because he said he was a graduate at the Adamson University only to know that the said teacher fake his accounts. He was sent to jail.

 

[SilverLance]

It's disappointing to learn that a teacher would act so dishonestly. This not only breaks the trust in education system, but also puts students in danger of getting a bad education.

 

[Kera]

In some countries, presenting an inconsistent account can even lead to the close down of the business.

 

[Starmix]

It's disappointing to learn that a teacher would act so dishonestly. This not only breaks the trust in education system, but also puts students in danger of getting a bad education.

Yes, you are so right. That fake teacher has a bad image faking his identify. The school was so strict in hiring applicants for teaching.

 

[SilverLance]

It’s super important for schools to have strong hiring rules to stop people like this from getting in and possibly hurting students education.

 

[Fidelia]

The funny thing that a lot of people don't know is that those fake accounts might seem to be hidden for a while but they would surely be exposed.

 

[Starmix]

It’s super important for schools to have strong hiring rules to stop people like this from getting in and possibly hurting students education.

It never happened again and the teacher was caught and jailed . His lies were all about his credentials as a graduate of a doctorate course Suma Cum Laude from the University of the Philippines He was exposed when one faculty was a graduate at UP and called the UP university registrar and found no name of that fraud teacher.

 

[SilverLance]

Hopefully, this incident leads to stronger safeguards to prevent similar situations in the future.

 

[Starmix]

That incident did not happen again in the university. The Human Resource Department is so strict in the hiring process.