Fraud

toward mutual success.” This mission statement is too broad and does not incorporate protocols or procedures that employees are to abide by. In, addition the employees do not have a code of ethics to follow, which includes the negative effects of fraud and the aftermath it may cause to the company as a whole. With the continuation of an internal review it was noticed that the company was operating well until 2014 and 2015. Contracts were declining in Louisiana, however the decline did not…

Identity Fraud The purpose of this paper is to demonstrate and explain one of the various White-Collar crimes known as identity fraud. Another purpose of this paper is to inform about identity fraud and how many people are affected by it and also to notify the reader on how to prevent identity fraud. Identity fraud can be defined as a crime where an individual stole someone else’s personal information like a credit card and also use it to buy merchandises charging that specific credit card.…

3.1 Introduction Fraud is one of the most crucial ethical concerns in the credit card industry (Delamaire, Abdon, & Pointon, 2009). Fraud can occur with any type of credit products, such as personal loans, home loans, and in retails. Delamaire, Abdon, & Pointon (2009) defines fraud as means of obtaining services, goods and/or money in a dishonorable manner, and is a growing problem globally. Fraud deals with issues concerning criminal cases that are difficult to classify (Delamaire, Abdon, &…

Imagine staring at a jail cell wall all day. You didn’t consider yourself a bad person. So where did you go wrong? This is the daily life of many inmates. “Psychology of Fraud: Why Good People do Bad Things.”(2012) By Chana Joffe-Walt and Alix Spiegel finds connections in fraudster Toby grove’s life that can be traced to a series of mishaps based in unethical practices. They suggest that Toby may have been blind to the potential choices. Research suggests there are other factors, other than…

Credit cards are becoming truly popular in today 's society; therefore, the avenue for criminals to take advantage is great and more criminals are creating ingenious ways to take a part of this industry. Criminals are awaiting to find a small window to interact and send attacks to business organizations such as retail stores that store consumers ' data into a secure database. Attacks will continue to affect society and organizations are losing billions of dollars trough these types of attacks.…

According to ACFE’s article on False Employee Claims, “Occupational fraud is fraud committed by an employee on an employer during their employment” (False Employee Claims – Payroll Fraud, n.d.) “Common expenses claimed are private meal costs classified as business meals with clients, private travel expenses, and other entertainment expenses classified as business expenses” (False Employee Claims – Payroll Fraud, n.d.). In this case, the employee who is a “rising star” claims non-business…

Week 6: Fraud Case Study Group Project Vanessa Ryan, Juan Caba, Rustin Prentice, Howard Miranda Champlain College Forensic Accounting ACCT-280-45 Nicole Bocra August 14, 2016  On July 31, 2015, Howard Miranda, CFO of Microstuff Inc., contacted the internal auditor Vanessa Ryan in reference to a suspected purchase and receiving scheme within the information technology department. Based on this initial accusation, an examination was conducted—which included reviews of relevant accounting,…

USSS- Birmingham, AL is pursing federal prosecution for Identity Theft, Access Device Fraud (credit card) and Conspiracy against Nenita BARNES, a.k.a. Nenita KEMP; Alicia STEWART, a.k.a. Alec STEWART and Deonta EVANS, a.k.a. Tay Evans. Any agency or institution which has open, pending or closed cases against BARNES, STEWART or EVANS is asked to contact SA Donald Braswell or Investigative Analyst James Wigley, at the below listed numbers or email. Any institution that has open accounts for…

“In 1997, after Cosmo became a licensed stockbroker, he was arrested and later pleaded guilty to mail fraud related to a stock investment scheme. He was sentenced in 1999 to 21 months in prison and ordered to pay restitution of $177,000 plus interest and to undergo therapy for gambling. His broker's license was revoked in 2000 and he made restitution payments of $11,000, records show” (Amon, Dymski, Icantalupo, Maier, 2007).…

One of the many advantages credit cards have is protection, especially against fraud. Fraud happens when a person least expect it and catches them off guard. Credit card companies protect themselves by often asking cardholders to identify themselves. Arno A. Penzias states that Cardholders must verify purchases, and present some form of verification, therefore, the card knows that the correct cardholder has bought that item. This shows that there are security measures and steps the buyer goes…