Welfare fraud

Ergo, do corporate governance frameworks of organisations need to take action to cover the fraud risk of Ponzi schemes? On initial consideration one would think it unlikely, as organisations can be expected to have reasonable investment insight, business know-how and resources for active investigation. Nonetheless, even though one would assume…

After being charged with securities fraud, stock manipulation, money laundering, and other organized crime tactics (NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC), Belfort was sentenced to 4 years in prison and a $110.4 million dollar fine. However, after pleading guilty to fraud and money laundering along with testifying against his fellow associates, Belfort was given a reduced sentence of 22 months in Taft Correctional Center where he later wrote his biography. Daniel Porush was also…

provides systems and support in investigations of crimes committed domestically and internationally. The Secret Service provides the maintenance of the Electronic Crimes Task Forces. They are the one who identify and locate cyber intrusions, bank fraud, data breaches and other computer- related crimes. (Combating Cybercrime, 2016) This in itself is a great asset that this country can have. However, the best way to prevent millions of dollars from financial and retail corporations from…

John Perkins was a former member of the international banking community, very well respected. In his new book The New Confessions of an Economic Hit Man, he describes how he was a highly paid professional, his functions of being an (EHM), he helped the United States cheat poor countries around the globe. He convinced the political and economic leaders to invest in foreign aid by lending them money that could make it difficult for them to repay and allow them to take over their economies. The…

recognized as a separate legal entity and yet in reality, it is an association of persons who are in fact beneficiaries of the corporate property. It is therefore understood that corporate personality of the company can be used as a medium of committing fraud or illegal acts. Now, there is arises a paradoxical problem pertaining to the important legal question : Who accords for the liability? Who can be held responsible? The notion of corporate personality does not obviously create liability…

transparency from the firms in the dealings between the executives and corporations, provided heavier penalties in response to a fraud and made corporate officers personally liable for their financial reports. As a result, many Enron executives were convicted guilty for their criminal acts. Skilling (24 years) was one of them. Arthur Anderson was found guilty of fraud, and some partners who worked with Enron were convicted (Frountain, 2017). The Cold Result As the Enron bankrupted, the…

1. In the pilot episode of suits Harvey Specter is promoted to senior partner at the law firm Pearson Hardman. However Harvey was caught lying to a client and in order to keep his new promotion he has to work on pro bono causes himself. It is company policy that all senior partners get an associate attorney and therefore Harvey needs to hold interviews for this position. Meanwhile at the same hotel that Harvey is doing his interviews at, Mike Ross (a college dropout) is delivering a case of…

BANC DE BINARY SCANDAL: FILE A CIVIL CLAIM NOW! Banc de Binary, one of the biggest global providers of online trading in binary options renounced its authorisation Furthermore, the company was a sponsor of Liverpool FC offering to the club £1.5 million. The company provided its services via the domain eu.bancdebinary.com. Basically, the public could create an online account and trade binary options through the aforementioned website. The Israeli-owned and Cyprus registered company is accused of…

Issue The issue is what, if any, legal rights Will has against Grace for exceeding the spending limit, and whether she is going to have to pay the $30,000 for the imported marble. In addition, whether he has any legal rights against Grace for using Flip Master’s client list to find potential customers. The other issue is what if any, legal rights Will has against Jack for accepting bribes from potential buyers to ensure that their offer is accepted by Flip masters. Law A joint venture can be…

TRADE SECRET A trade secret is a formula, practice, process, design, instrument, pattern, commercial method, or compilation of information not generally known or reasonably ascertainable by others by which a business can obtain an economic advantage over competitors or customers. A trade secret covers basically three aspects:- ● Not known to the public. ● Should generate economic profit to the holder (specifically for not being known by the public). ● Subject of reasonable efforts to maintain…