Fraud

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…

of the customer. This led to employees to file “A class action in California seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or fired”. This lawsuit was on behalf of those employees terminated who did not engage in fraud and focused on following the rules to fulfill their quotas. A lawsuit was issued which…

Donna Hogan, store manager of a shoe store, pleaded guilty to charges of stealing $71,128 cash from the business. This amount was accumulated from over 697 transactions over a period of 2.5 years. Hogan managed to use false refunds and receipts from shoes that were still in the store. She would then take the funds from the till where she spent it mostly on clothes. According to her psychiatrist, this was motivated by “depression and emotional disconnection”, however, the prosecutor argued it was…

Madoff Securities Madoff securities, is a company created by Bernard l. Madoff Investment Securities LLC was founded in the year 1960 by Bernard Lawrence Madoff, who happened to be also be senior executive of the company. Bernard Lawrence started the company using accumulated funds of $ 5,000 from his business that involved the installation of sprinkler systems for wealthy New Yorkers. In his five years as executive, the company accumulated a fortune estimated at more than one billion dollars.…

including the district of Columbia has made insurance fraud a specific crime (Health Economics). Virginia and Oregon are the only two states without an insurance fraud law. Insurance fraud is very common with people who do not know much about insurance and is looking for a cheap plan. Many states that have made insurance fraud a specific crime have put in fraud bureaus to cut down on the amount of crimes. About 86% of American feel that insurance fraud makes insurance prices higher for everyone…

Good Business Practice In both the case of Worldcom and Enron both companies met the knowledge and intention portions of defining fraud. Fraud by definition is: “Wrongful or criminal deception intended to result in financial or personal gain.” Yet, finding a clear definition for what constitutes “good business practice” is seemingly impossible. An overwhelming majority of CFOs prefer…

is just not about the money also it is about criminal accessing to your personal information. According to the Insurance Information Institute (III), “The 2015 Identity Fraud Study, released by Javelin Strategy & Research, found that $16 billion was stolen from 12.7 million U.S. consumers in 20014,…There was a new identity fraud victim every two seconds in 2014” (III.org). Therefore, today’s consumers have over 10 identity theft protection services to choose from. These protections will benefit…

to be becoming more common as technology continues to advance. Identity theft is defined by the U.S. Department of Justice as all types of crime in which someone wrongfully obtains and uses another person’s personal data in some way that involves fraud or deception, typically for economic gain. (Justice.gov) In the cases of Guzman-Moore and Richard Lester Phillips we will examine the motive and ease of information obtainment for the criminal as well as the victim’s perspective and appropriate…

British Literature 12 November 2016 Election Fraud may be Over Exaggerated The definition of voter fraud is the illegal interference with the process of an election. Looking at the history in the United States it does reflect periods of time where different forms of election fraud took place. It seems that over the past two decades during every major election cycle at least one of the candidates will bring up the issue of possible election fraud. In particular when he or she is down in the…

1. What clues caused Jane to suspect that fraud was involved? The first clue that Jane came across as suspicious was that some of the checks did not have a complete endorsement from the collectors. This would be suspicious because if a check was cashed without having the necessary endorsements there must be a breach in the company’s internal controls. After looking further into the situation Gus and Jane notice that along with the endorsement problem the signatures of several different…