Honest services fraud

Fraudulent Practices in Billing and Coding 1.) Upcoding a. This means for example that you go into the hospital for a sprained ankle, but your bill says that you went in for a broken ankle. This happens because major insurance companies who process thousands of computerized bills, overlook these improper coding procedures. 2.) Phantom Billing a. This has to do with bills that have procedures that were not actually even performed. This impacts health care because it drives up cost by spending…

Is Holden Caulfield a phony? The Merriam-Webster dictionary defines phony as something not true, real, or genuine, and something intended to make someone think something that is not true of a person. This definition coincides with Holden’s definition of a phony: a hypocrite and a fake person. I also agree with these two definitions. In my opinion, a person who resembles something that they are not defines a phony. Essentially, a phony is a liar. For example, in The Catcher in the Rye, Stradlater…

ernard Madoff is the stockbroking companies which ran his multibillion dollar as a grand-scale Ponzi scheme. He is now serving 150 years in prison. Who Is Bernard Madoff? Bernard Madoff was born on April 29, 1938, in Queens, New York. In 1960, he uses $5,000 obtained from lifeguarding and installing sprinkler system discovered his investment company. The Madoff firm offered reliable returns, and the list includes celebrities such as client's son Steven Spielberg. Arrested for running a Ponzi…

The Adelphia scandal is the one the most extensive financial frauds ever happened at a public company. The fraud was long-lasting: the company systematically excluded billions of dollars in liabilities from its consolidated financial statements since at least 1998 till March, 2002. Huge amounts of money were hidden on the off-balance sheet affiliates' books. The company was found in 1952. In 1986 it was publicity listed. Rigas Family owned five cable television companies, which were reorganized…

Prior to its demise, Enron, an American energy, commodities, and services company, was one of Wall Street’s highest rated conglomerate. Enron was regarded as one of the most powerful and successful corporations in the world. Unfortunately, as America would learn, their success did not come without a consequence. Enron participated in side partnerships with investment banks, and was involved in special purpose entities also known as off-the-books partnerships, in order to hide company losses.…

court at the age of 64, Randy pled guilty to conspiracy to commit bribery, mail fraud, wire fraud, and tax evasion (Archibold, 2006). Randy’s bribery offense involved him taking $2.4 million in bribes from military contractors Mitchell Wade, and others, in exchange for making it easier for them to receive pentagon contracts (Archibold, 2006). On March 3, 2006, Randy was sentenced to eight years and four months…

The scenario clearly depicts the unlawful act of Aussie Clothes because they accepted the delivery and then refused to pay the price of the items. In fact, Aussie Clothes sold the items on discounted price to the customers and gain profit. The issue or the problem lies with the Aussie Clothes because instead of returning the items and terminating the contract they accepted the delivery and gained profit. On the other hand, Jump Clothing (seller), took advantage of this unlawful act of Aussie…

death, or financial lost, corporate crime and violence wins by landslide. The FBI reported that burglary and robbery from street crimes cost the nation an estimate of 3.8 billion a year. In comparison to corporate fraud, it’s a drop in a bucket. The losses from major corporate frauds, such as Enron “swamp the losses from all street robberies and burglaries combined.” (Mokhiber, 2007) Furthermore, leaving victims and their families subjected to their recklessness and for some nowhere to turn.…

“Crazy Eddie Early”). Thus Crazy Eddie was created. At the time Crazy Eddie’s was known for their crazy low prices and in your face advertising. But what Crazy Eddie is really known for now is pulling off a huge scam as well as fraud. Before I start to talk about the scams and fraud throughout the company I think it’s important to talk about the culture. A company’s culture will really give you…

was entered. With the judgement entered and debt being incurred, the CEO and CFO of Bara had left the country and returned to South America. Additionally, the 125 employees had quit and only one low-level lab technician had remained. Evidence of fraud is seen in the emptied bank accounts and pension funds. All major assets aside from some lab equipment, which are most likely not worth much, are left. Additionally,…