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- Secret_profit abstract "In English law, a secret profit is a profit made by an employee who uses his employer's premises and business facilities in order to engage in unauthorised trade on his own behalf. A common example is a bar manager who purchases beer from a brewery in his own right and sells it in the bar in competition with, or in preference to, that of his employer. The profit made thereby is a secret profit.Where the employee deceived a customer before 15 January 2007 he could be prosecuted for obtaining property by deception, the property being the customer's money and the deception that he was selling his employer's produce. Such offences were predicated on the presumption that a customer would not purchase illicit goods were he aware of their true provenance. The offence of obtaining property by deception has since been repealed and is now replaced by the offence of fraud by false representation.The employee is not a constructive trustee of the profit for the employer and the employer has no proprietary interest in the profit. Hence, there is no theft from the employer and the profit is merely a civil debt owed by the employee to the employer (Note: In light of FHR European Ventures LLP v Cedar Capital Partners LLC [2014] UKSC 45 , this may in fact no longer be the case according to the law of England and Wales). Where more than one person is involved there could be a conspiracy to defraud and, since the coming into force of the Fraud Act 2006, the employee could be guilty of fraud by abuse of position.".
- Secret_profit wikiPageExternalLink lc276.pdf.
- Secret_profit wikiPageID "21636224".
- Secret_profit wikiPageLength "2687".
- Secret_profit wikiPageOutDegree "25".
- Secret_profit wikiPageRevisionID "688269595".
- Secret_profit wikiPageWikiLink Bar.
- Secret_profit wikiPageWikiLink Beer.
- Secret_profit wikiPageWikiLink Brewery.
- Secret_profit wikiPageWikiLink Category:Common_law.
- Secret_profit wikiPageWikiLink Category:Criminal_law.
- Secret_profit wikiPageWikiLink Category:English_legal_terms.
- Secret_profit wikiPageWikiLink Category:Equity_(law).
- Secret_profit wikiPageWikiLink Category:Fraud.
- Secret_profit wikiPageWikiLink Conspiracy_to_defraud.
- Secret_profit wikiPageWikiLink Constructive_trust.
- Secret_profit wikiPageWikiLink Debt.
- Secret_profit wikiPageWikiLink Employment.
- Secret_profit wikiPageWikiLink English_law.
- Secret_profit wikiPageWikiLink FHR_European_Ventures_LLP_v_Cedar_Capital_Partners_LLC.
- Secret_profit wikiPageWikiLink Fraud_Act_2006.
- Secret_profit wikiPageWikiLink Law_commission.
- Secret_profit wikiPageWikiLink Management.
- Secret_profit wikiPageWikiLink Obtaining_property_by_deception.
- Secret_profit wikiPageWikiLink Ownership.
- Secret_profit wikiPageWikiLink Profit_(economics).
- Secret_profit wikiPageWikiLink Repeal.
- Secret_profit wikiPageWikiLink Theft.
- Secret_profit wikiPageWikiLinkText "Secret profit".
- Secret_profit wikiPageWikiLinkText "secret commissions".
- Secret_profit wikiPageWikiLinkText "secret profit".
- Secret_profit wikiPageUsesTemplate Template:Reflist.
- Secret_profit subject Category:Common_law.
- Secret_profit subject Category:Criminal_law.
- Secret_profit subject Category:English_legal_terms.
- Secret_profit subject Category:Equity_(law).
- Secret_profit subject Category:Fraud.
- Secret_profit hypernym Profit.
- Secret_profit type Organisation.
- Secret_profit type Term.
- Secret_profit comment "In English law, a secret profit is a profit made by an employee who uses his employer's premises and business facilities in order to engage in unauthorised trade on his own behalf. A common example is a bar manager who purchases beer from a brewery in his own right and sells it in the bar in competition with, or in preference to, that of his employer.".
- Secret_profit label "Secret profit".
- Secret_profit sameAs Q17019789.
- Secret_profit sameAs m.05mwc2t.
- Secret_profit sameAs Q17019789.
- Secret_profit wasDerivedFrom Secret_profit?oldid=688269595.
- Secret_profit isPrimaryTopicOf Secret_profit.