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If an employee has change a finacial statement in order to help out a family member and that statemt is sent to a bank by

If an employee has change a finacial statement in order to help out a family member and that statemt is sent to a bank by the employer to obtain a loan, how can the employer hold the employee liable? I am assuming the bank can hold the business liable but not the employee because the employers are responsible for thr employees actions? Would this be considered fraud?

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