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the swindling (estafa) is committed by a syndicate consisting of five or more persons formed with the intention of carrying out the unlawful or illegal act, transaction, enterprise or scheme, and the defraudation results in the misappropriation of money contributed by stockholders, or members of rural banks, cooperative, or farmers association, or of funds solicited by corporations/associations from the general public. (Sec. 1 of PD 1689, PH Law)
What else can I help you with?
Is credit considered estafa?
Credit itself is not considered estafa, as estafa refers to a specific type of fraud or swindling where a person deceives another to gain money or property unlawfully. Credit is a legitimate financial arrangement that allows individuals or businesses to borrow money with the promise to repay it later, usually with interest. However, if credit is obtained through fraudulent means, such as misrepresentation or deceit, that could constitute estafa.
How does one arrange a syndicated loan?
A syndicated loan is provided by a group of lenders and is administered by more than one bank. If an individual is interested in arranging a syndicated loan, they may inquire with the appropriate employee at a commercial or investment bank in their area.
Who is a syndicated loan provided by?
A syndicated loan is provided by a group of lenders and is arranged by one or several commercial banks or investment banks. These banks are known as arrangers.
What are the advantages and disadvantages of Syndicated loan?
Syndicated loans have an advantage of various funding sources for credit facilities, which allow participating lenders to commit funds towards an asset without conforming to large monetary commitments. The biggest disadvantage of a syndicated loan is that the interest rate can go up at any time.
Can a person can file estafa if it is a personal loan agreement?
Yes, a person can file estafa in the context of a personal loan agreement if they can demonstrate that the borrower had no intention of repaying the loan and committed fraud during the agreement. Estafa typically involves deceitful practices that lead to financial loss. However, the specifics can vary by jurisdiction, and the person must provide sufficient evidence of the fraudulent intent and actions. It's advisable to consult a legal expert for guidance based on the particular circumstances.
Is syndicated estafa a heinous crime?
Yes, syndicated estafa is considered a heinous crime as it involves a large-scale fraudulent scheme that typically affects numerous victims, often leading to significant financial losses. This crime is characterized by deceit and conspiracy among multiple individuals or entities, making it particularly egregious. The impact on victims can be severe, both financially and emotionally, which is why it is treated with strict penalties under the law.
What is large scale estafa?
Estafa is Spanish for fraud or criminal deception, from the word Estafar meaning to swindle
Is swindling can be considered as estafa case?
Yes, swindling can be considered estafa, because swindling is committed by a person who defrauds another by means of cheating or stealing. Estafa on the other hand is committed by a person who defrauds another by means of unfaithfulness or abuse of confidence. therefore Swindling and estafa is committed by means of "deceit".
Is estafa a civil case?
It is a criminal case.
What is the law in estafa?
Swindling. Estafa is committed by a person who defrauds another causing him to suffer damage, by means of unfaithfulness or abuse of confidence, or of false pretense opt fraudulent acts. For the existence of the crime of estafa, two elements are indispensable: fraud and damage. In other words, the essential elements of estafa are: (1) The deceit employed to defraud another; and (2) the injury or damage caused thereby.
Is credit considered estafa?
Credit itself is not considered estafa, as estafa refers to a specific type of fraud or swindling where a person deceives another to gain money or property unlawfully. Credit is a legitimate financial arrangement that allows individuals or businesses to borrow money with the promise to repay it later, usually with interest. However, if credit is obtained through fraudulent means, such as misrepresentation or deceit, that could constitute estafa.
Es una estafa in English?
It's a scam
Como se dice scam en espanol?
estafa
Estafa in the Philippines?
"Estafa" in the Philippines refers to a legal term for a type of fraud or swindling, where an individual deceives another to gain money or property. It is covered under Article 315 of the Revised Penal Code, which includes various forms of deceit, such as misrepresentation or the use of false pretenses. Cases of estafa can involve scams like investment fraud, non-payment for goods or services, or the sale of nonexistent properties. The penalties for estafa can be severe, including imprisonment and fines, depending on the amount involved and the circumstances of the crime.
What does estafa mean?
it means " Today I was " so its not really a complete sentence tho
How does one arrange a syndicated loan?
A syndicated loan is provided by a group of lenders and is administered by more than one bank. If an individual is interested in arranging a syndicated loan, they may inquire with the appropriate employee at a commercial or investment bank in their area.
What syndicated show has outlasted the longest the Cosby Show or Soul Train or Sanford and Son?
Which syndicated show has outlasted the longest?
