smallbusiness.chron.com White-collar crime‚ is similar to corporate crime‚ because white-collar employees are more likely to commit fraud‚ bribery‚ ponzi schemes‚ insider trading‚ embezzlement‚ cyber crime‚ copyright infringement‚ money laundering‚ identity theft‚ and forgery. White-collar crime‚ is similar to corporate crime‚ because white-collar employees are more likely to commit fraud‚ bribery‚ ponzi schemes‚ insider trading‚ embezzlement‚ cyber crime‚ copyright infringement‚ money laundering‚ identity
Premium Theft Fraud Criminology
Corporate Scandal I. Olympus Updated: April 20‚ 2012 Olympus Corporation‚ founded in 1919‚ is a manufacturer of digital cameras and electronic equipment. Based in Tokyo‚ the multibillion-dollar company has operations worldwide. In mid-October 2011‚ Olympus was rocked by scandal when its former chief executive and president‚ Michael C. Woodford‚ who is British‚ was suddenly fired. The company’s chairman‚ Tsuyoshi Kikukawa‚ blamed a culture clash‚ but Mr. Woodford‚ a 30-year Olympus employee‚
Premium Enron Accounting scandals Arthur Andersen
Inefficiencies in the processes of accounting may amount to a professional scandal. Accounting scandals or fraud can be explained in various ways. Accounting fraud is a deliberate and improper manipulation of the recording of sales revenue and/or expenses in order to make a company ’s profit performance appear better than it actually is. Things that companies do that can constitute fraud are: not listing prepaid expenses or other incidental assets‚ not showing certain classifications of current
Premium Accounting scandals Enron Fraud
random number to met up with his shareholders expectation. And not only making up fake money‚ lot of HealthSouth patient were family made up from former worker. HealthSouth went beyond to keep this fraud concealed and for a very long time. Before Scrushy was exposed‚ he made up $2.7 Billion fraud to keep the company stock price high. Also‚ breeding played a huge part in this manipulation‚ were money was number on goal to reach and HealthSouth employees and Scrushy would go all the way to make
Premium Ethics Fraud Enron
This also applies to our very own trusted banks. JP Morgan Chase a trusted financial institution has included itself on the list of corporate crimes. These crimes include but are not limited to rigging bids for personal investments‚ home insurance fraud‚ and overcharging the military veterans. As a result‚ Chase illegally pocketed millions of dollars from taking advantage of their clients. What makes this case very intriguing is that Chase is one of the top banks in America. Their clients put great
Premium Insurance JPMorgan Chase Fraud
Martha Stewart went on trial on January 12‚ 2004 for conspiracy‚ obstruction of justice‚ securities fraud and making false statements in the stock trading scandal at ImClone Systems. Stewart’s sale of almost 4‚000 shares of stock in ImClone Systems created suspicions of insider trading. After investigating the matter‚ the federal prosecutors suspected that she deliberately tried to mislead their investigation. It is considered a Federal felony for someone to falsify or cover a material fact and to
Premium Martha Stewart Fraud Stock
UNIVERSITY OF MUMBAI PROJECT ON CYBER CRIME IN BANKING SECTOR SUBMITTED BY ASHA VASHUMAL AHUJA PROJECT GUIDE Prof. Mrs. MINAL GANDHI BACHELOR OF MANAGEMENT STUDIES SEMESTER V (2009-10) V.E.S. COLLEGE OF ARTS‚ SCIENCE & COMMERCE‚ SINDHI COLONY‚ CHEMBUR – 400071 Page 1 of 79 UNIVERSITY OF MUMBAI PROJECT ON CYBER CRIME IN BANKING SECTOR Submitted In Partial Fulfillment of the requirements For the Award of the Degree of Bachelor of Management By ASHA VASHUMAL AHUJA
Premium Fraud Computer crime Crime
Dr. Ronald Lear was possessed to commit fraud because he held a high position at Hardwell University and he held a position of trust as the president of the University. Senior administrators allowed Dr. Lear to sidestep university policies. There were several obvious red flags that Dr. Lear was up to no good. Dr. Lear used his position of power to influence other employees into breaking the rules for him and this led to important internal controls being disregarded. Dr. Lear was finally exposed when
Premium English-language films Management Fraud
WYLDECREST PARK LTD Evaluation Accounting System Review the company LIST OF CONTENTS 1. TERMS OF REFERENCE 2. METHODOLOGY 3. COMPANY BACKROUND 4. ANALYSIS AND RECOMANDATIONS 5. COST BENEFIT ANALYSIS 6. APPENDICES A company structure B Direct Debit Form C Payment authorisation forms D Time Logging and
Premium Fraud Money Payment
accounting processes easier. However‚ it has also created significant threats in relation to ensuring the security and reliability of computerised accounting information systems. Using an accounting software package such as MYOB can be vulnerable to frauds if internal controls are not implemented correctly. Fraudulent activities such as unauthorised use of data‚ theft of inventory‚ theft of funds and incorrect financial reporting can be conducted by internal employees of an organisation. Furthermore
Premium Computer security Accounting software Fraud