Click fraud

Workers compensation fraud, on the other hand, is when an employer, claimant or health care provider lies in order to gain money, advantage, and other benefits. There is a common misconception that workers compensation fraud only happens on the employee’s end but that is not always the case. Insurance fraud is one of the most expensive and common types of fraud, costing billions of dollars each year in damages across the country. Most companies never pursue insurance fraud investigations,…

Iowa authorities said that Robert K. Miell was approved and bedevilled on Jan. 9 on assets tax artifice in United States District Court in Des Moines. Last week, Miell had pled accusable to 18 counts of mail artifice apropos to an allowance artifice arrangement and cheating renters out of their accident deposits. Additionally, he pled accusable to two counts of perjury. An investigator for the Iowa Allowance Division’s Artifice Bureau baldheaded affirmation of Miell’s arrangement in 2004. The…

The IRS Criminal Investigation is made up of about 3500 employees worldwide, of this number approximately 2,500 are the special agents whose responsibility in the investigative jurisdiction involves tax money laundering and Bank Secrecy Act laws. While there are federal agencies that have investigative jurisdiction for money laundering and also some bank secrecy violations. The IRS is the single federal body that can examine possible criminal desecrations of the Internal Revenue Code. Obedience…

Revenue Recognition Changes Caused Fraud Revenue Recognition standards as we all know has been codified or updated several times in an effort to improve the usefulness and relevance of the reporting information. The trial and error concept of identifying what criteria works across business industry in recognizing revenue instigate several opportunities. The fact that there is not going to be a general standard on recognizing revenue that is commonly suitable to all business types turn out to be…

As we have seen lots of bad news in the todays’ newspapers, many of the news are relating to the crooks and scams. Cheaters are all around the world; have you ever thinks about that you might be the next person who might be cheating by the crooks? People who have been cheated by the scalawags would have a harder life, since they give out most of their money. Crooks can really destroy a family with a short period of time. In order to know more about how the people who have been cheated live, I…

The Men Who Built America Episode 1 starts 5 Days after the Civil War, which was known as the bloodiest conflict with 6,000 deaths adding one of the greatest, Abraham Lincoln. This episode was about how the railroads had come together. The railroads started with Cornelius Vanderbilt. He began his journey starting with a single ferry that had later on become many ships. His ships were used to transport goods. Vanderbilt later on in life then decided to sell all of ships and invest in railroads.…

On January 17, 1950 eleven thief’s planned and robbed the Brinks bank in Boston Massachusetts. An overall of 2.7 million dollars was stolen, 1,218,211.29 dollars were stolen in cash and 1,557,183.83 stolen in orders and checks (Federal Bureau of Investigation). For the thieves the mission was a success. There were many factors that contributed to the success of the robbery. The team had planned the robbery for a year until perfected. They went through many rehearsals. This required equipment, a…

Puerto Rice. The beginning stages of this national news accounting fraud began in 1996, where the company’s Chief Executive Officer, Richard Scrushy, and several of the company’s Chief Financial Officer’s stole more than 2.7 billion which surfaced in 2002 after the company’s CEO/Chairman sold over $100 million dollars in stock just days before reporting a large loss to its shareholders. The year 1996, was the year that started the fraud, when the company missed its earnings target. Although the…

In the case of United States vs. Walter Liew, Liew is being charged with over 20 criminal counts, with one of them being misappropriation of trade secrets (Levine). Liew had gotten paid millions of dollars by a Chinese company to apprehend trade secrets of the American company Dupont in order to solidify the company in China. Liew, 56, living in California, received 28 million in order to bribe engineers and other employees for confidential paperwork that the Chinese company wanted. What was the…

Securities Act of 1933 was the leading controlling mechanism. The 1933 Act requires that investors obtain appropriate financial information on securities that were offered for public sale. It also bans dishonesty, misrepresentations, and some other fraud in the transaction of securities. The Security Exchange Commission imposes the 1933 Act mandating corporation to have the stock and securities registered that are offered to the public. The registration requirements includes audited financial…