Insurance fraud

summary judgment was granted Coleman’s claim of products liability, negligence, failure to warn, breach of implied warranties, and statutory violation but Summary judgment is denied on the claim of breach of express warranties. COMMERCE & INDUSTRY INSURANCE COMPANY V. BAYER…

Throughout my accounting studies so far, whistleblowers have been praised for their heroic actions that lead to the collapse of a giant corporation. However, the heroic actions and collapse are the seldom times that whistleblower protection laws work. In C. Fred Alford’s book: Whistleblowers: Broken Lives and Organizational Power, Mr. Alford explores the corporation and systems irrational behavior that makes whistleblowers lose faith in humanity and the justice system. Throughout the book, Mr.…

Introduction In the year 1986, an Italian businessman who goes by the name of Silvio Berlusconi bought an 87 year old club called AC Milan, which was then languishing in the bottom tier of the Italian Serie A. The now ex- prime minister of Italy took the club to great heights by pumping money into the club and straight away bought the biggest names in football in the late 1980’s. As soon as he took over, Milan’s most successful period began as they went on to win an unprecedented number of…

Prize and the Booty - Case Study On the 25 February, 1603 Jacob van Heemskerck and his crew attacked the Santa Catarina, a merchant ship from Portugal which carried a very highly priced cargo of trade goods. The total price was more than three million guilders. This created discussion about the legitimacy of the attack on the Portuguese merchant ship. In order to justify Jacob van Heemskercks actions, Grotius’ literary works have to be taken into consideration as he addressed different laws…

Introduction The key tenant of choosing a specific firm for analysis, is one having the history of outsourcing their Information Technology (IT), to a third party, only to regret the decision, and return, or back source, the IT service. An excellent example being the current largest bank in the United States; JP Morgan Chase. In 2004 JP Morgan Chase cancelled the remainder of a seven year, $5 billion IT contract with IBM. When the outsourcing deal was done in 2001, it was heralded as the…

Prudential The time when the protagonist Arthur Ryan was brought in as CEO, Prudential was charged with the largest investor fraud in US history. Prudential had defrauded investors of close to $8 billion and eventually had to shell out $371 million as settlements and fines. The most common solution to overcome the economic condition is layoffs. The critical time in highly competitive market leads Arthur Ryan to downsizing environment (p.1). Management decision in downsizing creates gap between…

Clayton Anderson Ethics in the Profession Midterm The Ethical Case of AshleyMadison.com To begin discussing this case you must know some of the history and information about the website. First off the name Ashley Madison was not a real person it actually comes from the conjunction of two popular female names “Ashley” and “Madison”. The Website has a slogan which is “Life is short. Have an affair.”. This site is owned by Avid Life Media along with another site called EstablishedMen.com…

No one goes into trading for the losses. We go to hit the jackpot and come out with a bunch of money. Yet many of us still experience losses that make us question whether or not we should keep trying. It's those kinds of losses that will either make or break you, and one man took a 32% loss to his account and turned it into something that he benefited from. And you can do too. He took his trading losses and found a key that helped him win 9 times out of 10. This sounds like every traders dream,…

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…

For the Ethical Violation Summary I chose to do Kenneth Lay - Enron. Kenneth joined enron gas company in 1985. If you don’t know enron is a gas company, and a service company based in houston, texas. He worked there for a year and was named chairman and chief officer of Enron. Lay worked there of about 16 years so about in 2001. After kenneth worked there after while he got sent to prison for selling large amounts of Enron stock in september and october of 2001. Security new that something…