Securities 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…

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…

Nathalie DERMESROBIAN II. The Vulnerability of the Indo US Relations: The Devyani Khobragade Case A. Events: Devyani Khobragade, the Indian Deputy Consul General in New York, was charged, on the 11th of December 2013, with visa fraud, sentenced at a maximum of 10 years in prison, as well as making willingly false statements , sentenced at a maximum of five years of imprisonment . A warrant was issued and Khobragade was arrested on the December 12th of 2013, after dropping off her children at…

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…

“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,…

Bribery and corruption is an issue that is very happening in most of the countries. What is bribery and corruption? Bribery is a practice of offering something to gain certain advantage, for example: money, assets, gift and so on and so forth, and corruption is when an individual itself abuse its power to gain an undue advantage. Bribery is an unethical behavior and it is also very unfair practice, for example: the employer pay people for their normal job is called wage, and when the employee…

BenQ, a Taiwanese-based company, grabbed the headlines all over the world on June 7, 2005 when it acquired Siemens Mobile, a lose making mobile phone division of Germany’s Siemens and later launched the brand, BenQ-Siemens. Subsequently the acquisition proved to be a strategic mistake, as the two companies could not successfully integrate. In October 2006 BenQ-Siemens filed for bankruptcy in a Munich court, surprising every one. This sparked a debate in Germany over whether BenQ had acquired…