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    The term “Hacking” came around when two men (Steve Gold and fellow journalist Robert Schifreen) were convicted for forgery under the Act of Forgery and Counterfeiting of 1981. Also these two attackers gain access to the British Telecom Prestel account and got access to all of the Identification numbers of Customers. However, messages were left in the Duke of Edinburgh (Prince Phillip) private mailbox. They weren’t intentionally attempting to gain anything. They were both charged with this…

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    Credit Repair Law

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    Choosing a credit repair lawyer that can give you expert advice on repairing your credit scores and flawed credit reports can be of great relief to you. When you suddenly find yourself trying to work out specific details with your creditors, it can often become a difficult and timely task. The necessity for a credit law firm goes all the way back to 1970. During that time the federal government enacted the Fair Credit Reporting Act to ensure justice and accuracy with credit reports. This act…

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    Statistics indicate that as much as 120,000 Australians make mergency calls to locksmiths on a yearly basis. As such, the emergency locksmith industry is a very activee one indeed. Unfrotunely it is also prone to the prevalence of locksmith scams as well. In this article we're going to take a look at 5 ways in which you can aovid fraduluent lockmsith scams. While it may be true that many lockcsmith pros charge as little as 100 for their services, many rip[-off artists will attempt to aquire…

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    Hearing about these giant fraud cases, especially the ones you talk about in class often like Enron; I always wonder how they are caught, or even how long it takes. As an example from a while back, but still seen as one of the largest Ponzi schemes in history the Madoff Fraud Case. This case took a while for the SEC to catch onto what was going on. As we learned in class the SEC is out there in the financial industry to keep the stock market fair and honest. The SEC authority is given by…

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    a lot about what was going on during this time. It makes me want to go back and do the research myself to see what happened and what they were talking about. Some major economic events that took place during this period are corporate and financial fraud, terrorist attacks, natural disasters, global recession, stock market crash of 2002, and war. Some examples of the above topics I will be researching for this time period are seen below. In 2001 there was…

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    Unfair treatment of minority shareholders in family companies and other closely related held corporations by persons in control of those corporations is so widespread that it had become a national business scandal. The amount of litigation growing out of oppression of minority shareholder (fancied, actual or fabricated) has shown growth tremendously in recent few years, and the flood of litigation shows no sign of putting an end to this nuisance. Minority shareholders often are deprived of any…

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    How did each of your three teammates make an ethical mistake? Explain your thinking Olivia made an ethical mistake by “borrowing” unapproved funds from the business. At my place of employment that is consider breaking code of ethics when you take something from the company without approval especially money. Olivia decision put her team at high risk if they were to be audited. Steve was very unethical because he was pocketing money off of a company’s event. He did not stick to the plans that…

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    The Fannie Mae Scandal

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    of dollars in underserved bonuses and deceive investors. They were fined for 400 million dollars. Fannie Mae struggled to emerge from an $11 billion accounting scandal.The penalty that was given for them was the largest penalty ever in a accounting fraud case.The company also agreed to limit the growth of its multibillion-dollar mortgage holdings. Fannie Mae never admitted nor denied wrongdoing. What they did agree to was they will not do future violations of security laws. “Our examination…

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    Jack Abramoff Scandal

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    Jack Abramoff Jack Abramoff is a former lobbyist and businessman. He was convicted of mail fraud, conspiracy, bribing of public officials and tax evasion. Jack plead guilty to charges that aligned him with embezzling over eighty millions dollars. An act, that marks it as one of the biggest white collar crimes to date. Schmidt and Grimaldi the authors of The Challenge of Democracy have deemed it “the biggest congressional corruption scandal in generations” (Schmidt and Grimaldi 2005, A01).…

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    Explaining Deceptive Acts or Practices The Consumer Financial Protection Bureau (CFPB) continues to use unfair, deceptive, and abusive acts or practices (UDAAP) as its primary enforcement tool. Over the past four years, the CFPB has used UDAAP to enforce hot button issues such as credit card add-on products, credit card advertising, debt collection, credit reporting and monitoring, auto lending, and mortgage servicing. In the coming years, credit unions should expect to see UDAAP being used…

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