Final answer:
Fraud is the act of making false claims for wrongful financial gains, as seen in the Enron scandal.
Explanation:
Fraud is the term that defines false claims resulting in wrongful financial gains or benefits. It involves deceptive practices for personal or organizational advantage, leading to financial losses and legal consequences. An example is the Enron scandal where executives engaged in fraudulent activities, causing massive economic damage.
Learn more about White-collar crime here:
https://brainly.com/question/50880435
