Fraud deterrence

Part A: Introduction and Overview According to the FBI, supposedly devised in 1939 by Professor Edwin Hardin Sutherland, the phrase white-collar crime is now indistinguishable with the comprehensive assortment of frauds perpetrated by commercial and administration authorities. These illegalities are symbolized by deception, suppression, or violation of confidence and are not contingent on the application or hazard of physical influence or brutality. The provocation behind these offences is…

carpet cleaning company, Z-Best, which was net worth over million dollars. After few years, his net worth was accused by bank fraud, embezzlement, and securities fraud which are typically fraud risk and because of insufficient proof as well as fake evidence caused him in jail more than a decade (Video A). 1. Fraud Risk: First of all, fraud risk defined as two different frauds which are individually fraudulent financial reporting and misappropriation of assets. The former one is that…

Internet Security/Cyber criminal 1. Explain how Internet security measures can actually create opportunities for criminals to steal, rather than prevent them. The onslaught of security breaches on the internet make the threats to e-commerce very real for business, consumers, and government, and politician. There are individuals that hack into computers as well as the networks of businesses and government agencies. The problem is that sensitive data can be stolen and/or destroyed. The outlines…

The tax crime investigation by the IRS is one of the complex weapons of the IRS. It is mostly used in a small scale proportion of cases. However, it has a devastating impact. It can carry personal, financial, social ruin, great monetary fines, disappearance of specialized licenses and incarceration. Normally, you will not discover that an IRS criminal investigation is on until when it very late. But, in some cases, you will receive notice signs. A revenue general officer disappears after…

There are incidents of pipeline theft in the United States, but it is not as prevalent as in other countries such as Mexico and Nigeria. See Dan Burges, Cargo Theft, Loss Prevention and Supply Chain Security 244 (2011). Pipeline accidents are more common, and the primary cause of pipeline accidents has been excavation damage by third parties, otherwise referred to as “outside force” damage. Carol M. Parker, The Pipeline Industry Meets Grief Unimaginable: Congress Reacts with the Pipeline Safety…

David Douglas Historical Society was recently disbanded in June 30, 2016, in the David Douglas School District, Portland Oregon, because of theft and lack of volunteers. DD Historical Society disbanded because there was only four active members and someone from the historical society used the money for their personal needs. In other words stealing. The illegal transactions begin in May 5, 2012, when the thief was a treasurer for the historical society. In May 2013 the thief asked the Board to…

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…

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…

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…

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…