Fraud

The Commonwealth Bank has discredited by putting their thousands of customers money in to risky investments and the royal commission has accused their fraud, while they trying to cover it up. A senate committee also recommended the judicial inquiry as part of its report of the behavior of Australian Securities and Investment Commission (ASIC), that they appears to miss or ignore the early warning signs of Commonwealth Bank action and did not pay sufficient attention to that place the customers…

Society's awareness of the crimes of theft and fraud against the elderly have come to the forefront because of media and social awareness. Criminal cases have been publicized to show the extent of these crimes. One criminal case involving the financial abuse of an elderly individual occurred on January 2, 2017, in New Bedford, Massachusetts. Christopher Strose was arrested for stealing more than sixty thousand dollars from his grandfather. “Thirty three year old Christopher Strose was…

. In May 1984, he borrowed money from a co-worker and bounced several checks trying to repay him. In July 1984, Pollard’s supervisor received a letter of indebtedness from the Navy Federal Credit Union reporting that Pollard was delinquent in repaying a loan. His supervisor failed to report the letter to the OIC and did not record the financial troubles in Pollard’s file. In post-arrest interviews, Pollard claimed to have perceived anti-Israel/anti-Semitic sentiment from coworkers and…

Tallahassee Bean Counters (TBC) – GOLD Final Audit Fraud Report: 1. Who committed the fraud? 2. How was the fraud committed? 3. How you would convince a jury that the perpetrator intended to commit the fraud? (i.e., it is fraud, not an error). 4. What is the economic impact of the fraud (how much money was stolen)? 5. Finally, you must show that your suspect was the one who benefited financially from the crime (trace the money to him/her and show that he or she…

Purchase order fraud affects about 25 million people. It is natural for some consumers to think that they can get something for free especially when a scammer is painting such a beautiful picture for the consumer. Consumers want to believe that the person at the other end of the phone is being honest. The implicating factor is crime classification where one must define these rights and duties instead of giving the rules in this way such things can be set up. In the United States there are…

The foundation of computer crimes lies with The Computer Fraud and Abuse Act (CFAA) of 1986, 18 U.S.C. 1030. According to Easttom and Taylor (2011), the CFAA was a federal act which provided protection of computer systems that were part of a federal entity or financial-institution. Over time and through a series of congressional hearings, lawmakers have amended and tailored language in a manner to protect the government's interest in computer crimes while striking a balance with the ability of…

Company Fraud In the 1970’s “fair trade” laws allowed manufacturers to require retailers to sell merchandise at the same price to avoid price competition for their products (Antar, 2011). This type of regulations force Eddie Antar to look for a different alternative in order to remain in business. It appears as if his only options were to purchase overseas and overstock from other retailers. Crazy Eddie stores had one goal in mind; sell a product to every customer that walked into their stores.…

West Virginia. United Bank facilitated a lengthy fraud-for-profit scheme. Former United Bank Vice President Michael Farris, United Title employees, United Bank’s escrow attorney James Sheatsley, United Bank Vice President Larry Conway, and other United Bank employees took part in the criminal enterprise. In addition, Zaferatos Appraisal, United Bank’s exclusive appraiser, performed inflated appraisals in all properties used in the scheme. The fraud-for-profit scheme, resulted in Former United…

Fraud Case Analysis Rita Crundwell started working for the City of Dixon’s finance department as a high school student, but she eventually became the city’s treasurer and comptroller in 1983. Seven years after her appointment, she began a twenty-two-year fraud scheme that enabled her to embezzle approximately $54 billion dollars from the taxpayers she was serving. To embezzle the municipality’s funds unnoticed, Crundwell discretely opened a bank account at the Fifth and Third Bank…

How Home Insurance Fraud Affects You Insurance fraud is a real issue when it comes to home insurance in Chandler, AZ. Fraudulent home insurance claims can be phony claims and fake property damage, to name a few. If you are considering exaggerating your insurance claim, don’t. If you know someone who you suspect committed insurance fraud, then you should report them because it affects you as well. Fraud Drives Up Premiums Fraudulent insurance claims are often paid by insurance companies. If you…