In John Sileo’s Celebrity Identity Theft- Fraud from the Inside describes how dishonest people want to be them, at least long enough to drain their sizable resources. (Sileo, 2015) Devious individuals admire to become famous celebrities, partially till they can be able to confiscate almost all of their revenues. Shady people desire to be famous, not entirely just until they can exclude an extensive quantity of their belongings. Fraudsters long for being prestigious, not wholly but up to the point where they have absorbed substantial amounts of assets. Impostors wish they were them, somewhat till they have possessed majority of their material goods. Double-dealing individuals crave to be famous, slightly long as much as they can take over a…
The analysis for liability of fraud will explain in detail the offer, acceptance, and possible misrepresentation involved in the contract between Tommy and the Royal 16 Theater. The analysis will also cover the Cao and Cao v. Nguyen and Pham case and draw conclusions based on the prima facie case. Assuming that a…
Your friend Bill Jensen runs a variety store from which he sells everything from toys, to shaving cream to toasters. He has come to you and stated that he thinks one or more of his employees may be stealing cash from him through fake refunds in which there is really no refund, but they steal money. You asked him a number of questions and found that…
Eddie Antar came from a low rent neighborhood in Brooklyn from a family of merchants. Growing up poor he had dreams and aspirations of becoming a household name. At the age of 20 years old, Antar opened up his very first store, Crazy Eddie. Crazy Eddie was an electronics store that specialized in low prices and a party atmosphere. The business did very well in its startup years and began to grow. Not long after Antar opened up his first store, he opened up another.…
Alpha Investments, Inc., offers to buy Beta Computer Corporation. On May 1, Beta gives Alpha copies of Beta 's financial statements for the previous year. The statements show an inventory of $1 million. On May 15, Beta discovers that the previous year 's inventory is overstated by $500,000, but does not inform Alpha. On June 1, Alpha, relying on the financial statements, buys Beta. On June 10, Alpha discovers the inventory overstatement. In this situation Alpha will succeed in a suit against Beta for fraud?…
Professional auditing standards discuss the three key “conditions” that are typically present when a financial fraud occurs and identify a lengthy list of “fraud risk factors.” Briefly explain the difference between a fraud “condition” and a “fraud risk factors,” and provide examples of each. What fraud conditions and fraud risk factors were apparently present in the Madoff case?…
The amount listed is the enrollment agreement was 10,020.00 which gives a difference of :…
The main suspects at this time are Ben Hill, Michelle Shelton, Candie Harris, Sam MacCarty, and Phil Ackers. The red flags in this case deal primarily with a lack in segregation of duties. These suspects all juggle multiple roles, some of which are not listed in their job description. Some of these suspects actively seek out additional responsibilities and place themselves in roles where they probably do not belong. Further rationalization for choosing these suspects is outlined below.…
It is evident that a license is required to manage a professional boxer. The fact that Castillo was not licensed may make the contract voidable not only this, but Castillo ultimately failed to execute the writing requirement which is crucial in this case because, the contract falls under the Statue of Frauds. With the existence of contract laws it is crucial for the employer to be aware of all the laws and theories that surround a contract. In this case Jose Castillo who does not hold a management license, orally agreed to assume Barrera’s management and after Castillo helped Barrera settle a few lawsuits and financial problems Barrera stopped communicating with Castillo. With no surprise this case brings up a lot of issues and legal questions.…
Paul Smith started Celador in 1983 as an independent television production company in the United Kingdom. Smith’s company developed and produced a variety of shows, including the game show “Who Wants To Be A Millionaire?” which aired in the U.K. in 1998. ‘Millionaire’ was an instant success.…
Identify the fraud risk factors at Peregrine, especially control environment factors and the tone at the top, using the fraud triangle.…
Before answering the questions “what are my responsibilities for billing on a procedure that was not performed but asked to do so anyway”, Let me explain a little on Medical Billing Fraud? It is an attempt to fraudulently obtain payments from insurance carriers. Fraud in medical billing cost tax payers and medical providers millions of dollars annually (all-things-medical-billing.com). In 1996, HIPPA established the Health Care Fraud and Abuse Control Program (HCFAC) to help combat medical billing and health care fraud (pg.41). Fraud is an act done with the knowledge that you are doing wrong. Fraud is the intentional deception and misrepresentation that is to result in an unauthorized benefit. Abuse is the charging of services that are not medically necessary. False claim schemes are the most common type of health insurance fraud. The reasoning to do fraud is to obtain undeserved payments for claims. Some schemes to watch out for are: Billing for services, procedures and/or supplies that were not used. Unbundling of claims, this is billing separately for procedures that are covered by a single fee. Double billing, this is charging more than once for the same service.Upcoding, this is charging for more complex services than was performed.…
In early 2006, a Commission filing over disclosures, accounting fraud and a FCPA injunctive action against Tyco was settled and led to the agreement of an overview of Tyco’s global organization. The investigation of the matter then led to the findings of the misconducts that Tyco is getting Charged for in this case.…
A.) The implication of this illegal act committed by Ultro’s management is committing fraud, so they are ultimately responsible for what happened. They sold automobiles that were fully depreciated on Ultro’s books to employees to generate an additional $50,000 in foreign currency which is illegal all with in itself. They also knew the Caribbean country in which they were operating out of has strict laws governing the transfer of funds to other countries, but an employee still went out of his/her way to smuggle $50,000 of foreign currency out of the Caribbean country so it could be deposited in one of Enormo’s bank accounts. Management did nothing to stop this employee from smuggling the money out of the country and most likely sanction the action. Enormo and Ultro’s management does not seem to care about these illegal actions and does not want to take any measures to resolve these issues in the future, even though they are fully responsible.…
Dan purchased the home identified by Pat and the following week Pat moved in and began living in the house. During the first six months after moving in, Pat installed new carpeting, window coverings and a patio cover at a cost of $8,000. Pat also mailed to Dan a check for $1,000 each month, with a note enclosed with each payment. In each note, Pat asked Dan, "Tell me what a fair commission isI want to finalize our deal." Dan cashed the checks each month, but failed to respond to Pat's notes.…