Fraud deterrence

evidences, the combination of using theft act investigation, concealment investigation and conversion investigation would achieve to uncover the fraud. Theft Act Investigation To investigate the false refunds, the investigator should combine invigilation and surveillance techniques to uncover the fraud. Invigilation Invigilation would be helpful to uncover the fraud because the opportunities of stealing money would be cut off during invigilating. The store manager would first copy all the cash…

company offered reliable returns and dealt with reputable clients such as Stephen Spielberg. However, his entire business was an elaborate Ponzi scheme held to satisfy his lust for riches. How may you ask? It involved all forms of cruel acts including fraud and money laundering, with billed accounts as high as 65 Billion US dollars. Like Macbeth once believed, “False face must hide what the false heart doth know.” This is a prime example of such an atrocity as the quote described deceit. As of…

Society has always been scathing. However, there is some strange reasoning to their own sense of judgement, and most people do not publicly express an opinion about a complete stranger, unless the individual is audacious. Holden Caulfield, a teenager who despises the world is too judgemental that he cannot fathom how there is another side with every story, making civilization’s faults seem bearable than being stuck inside this boy’s pessimistic mind. Thus instead of thinking that humanity is the…

The Phony’s Truth Throughout The Catcher in the Rye the reader can quickly come to the conclusion of Holden Caulfield’s love of criticizing others and calling them “phonies”, when in reality Holden is as much as a phony, and maybe ever more, than all of them. This is because of his continuous habit of lying to everyone and anyone, even in situations where it is not necessary. He is an unreliable narrator, and keeping up with what is true and what is not, may be a little challenging. His…

available I elected to research and write about the subject of healthcare fraud because I feel very strongly about our healthcare system as a citizen and as an individual with regular health needs. If the current system continues to experience negative repercussions due to the immoral, selfish and illegal actions of others then I believe it will surely diminish the already unsteady structure. The definition of healthcare fraud is the deceptive, dishonest and unlawful misrepresentations…

White Collar Crime: Bernard Madoff’s Ponzi Scheme We have all heard of a Ponzi scheme and may know of someone who has fallen victim to this type of fraud but we may not all be familiar with the definition of a Ponzi scheme. A Ponzi scheme is an investment fraud in which funds from a new investor are taken to pay an existing investor an alleged return on their investments. New investors are recruited by being guaranteed high return rates with little to no risk for loss. The organizer of the…

Over the past decade, the term fraud has been brought to the forefront of coding and billing practices. Upcoding, unbundling or billing for services that are not documented are serious concerns for practices and payers. In a release from the Centers for Medicaid and Medicare Services, it was revealed that up to 30% of claims paid contained errors. Almost half of these were due to insufficient documentation (Prophet & Hammen, 1998). Ethics plays a big role in every aspect of health care,…

The fraudulent practice of civil asset forfeiture is a slap in the face to the principles of American democracy. Civil asset forfeiture is a legal process in which police officers can seize a civilian’s property if they believe those assets can be connected to a crime. Civil asset forfeiture originated during the Colonial era as an initiative to prevent foreign ships from illegally transporting goods, but required a criminal conviction in order to do so. However, the policy was revitalized…

Professor Rose and Fellow Blackboard Students, We learned from Lau and Johnson (2014) text “fraud is closely related concept (misrepresentation), and it simply means that one party has used deception to acquire money or property (p. 125).” In this Blackboard scenario, in my opinion, I feel that the car dealer misrepresented the car’s condition to the young buyer. In this week’s lesson, we learned about fraud and misrepresentation. Let’s analysis the four questions for the discussion. Do you…

What is a Certified Fraud Examiner? These are people who put many hours of hard work into finding any fraudulent acts that a company may be causing. The adventures but, nevertheless, important, relationship between investigators and clients is something that needs to be understood. While some have been captivated by fraudulent acts people portray, some don’t find it as interesting as others do. Although it is a very interesting topic, the certified fraud examiners have skills and training that…