Ethical Dilemma in the Medical Field: The Hippocratic Oath vs. Fraud Diana C. Riojas Arlington‚ Texas Ethical Dilemma in the Medical Field: The Hippocratic Oath vs. Fraud Abstract With Healthcare being one of the most regulated industries in the United States‚ it is still plagued by fraudulent doctors‚ business people‚ nurses etc. and defrauding the United States Government out of millions to billions of dollars. Somehow‚ the individuals who defraud the Government rationalize their decisions
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CASE STUDY: MARCH 2012 SEMESTER I. Analyze the case and respond to the following questions: a) Discuss the earnings management techniques employed by the management of Satyam. Earning management or creative accounting is referred to the manipulation or misrepresentation of the company’s financial earnings in order to achieve stable and positive financial position. This was achieve through directly or indirectly use of the accounting methods. Even though the manipulation may follow all
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What constitute Tax crimes? A taxpayer committing an act “willfully.” In proving tax fraud the IRS looks for behaviors that determined the taxpayer’s willful intent‚ and conducts that may determine illegal tax evasion such as the existence of a tax deficiency and an affirmation of an attempted evasion. To be prosecuted for tax crime requires a “men rea”‚ which refers to the intent of the individual. IRS needs to prove the evidence surrounding someone’s intent to tax evasion or in evading the legal
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MEDICARE FRAUD Bobby Brown Colorado Technical University Medicare Fraud occurs when someone intentionally falsifies information or deceives Medicare (www.medicare.gov). Strike force accused ninety-four people across the U.S. The charges are based on several fraud schemes including Physical Therapy schemes‚ Healthcare schemes‚ HIV infusion schemes‚ and durable medical equipment schemes (Long-Term Living‚ Aug.2010‚ vol.59 issue 8‚ p10-10‚8/9p). These schemes exceeded $225 million in false
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CASE 1.8 Crazy Eddie‚ Inc. In 1969‚Eddie Antar‚ a 21-year-old high school dropout from Brooklyn‚ opened a consumer electronics store with 150square feet of floor space in New York City 1 Despite this modest beginning‚ Antar would eventually dominate the retail consumer electronics market in the New York City metropolitan area. By 1987‚Antar’s firm‚ Crazy Eddie‚ Inc.‚ had 43 retail outlets‚ sales exceeding $350 million‚ and outstanding stock with a collective market value of $600 million. Antar
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Summary of the issues in the DHB Industries‚ Inc. case study. Background: DHB Industries‚ Inc. ("DHBI") case study concerns an accounting and financial reporting fraud. DHBI made protective body armour for the US military. The former CEO of DHBI‚ David Brooks ("DB")‚ misrepresented DHBI’s financial statements‚ mislead the independent auditors in order to conceal his fraudulent transactions and he misappropriated DHBI’s assets and funds for personal expenditures. Main Issues: (1) Weak corporate
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Conflict on a Trading Floor The details of this transaction In this case study‚ the action takes place on the trading floor when Poseidon Cruise Lines wants to finance the construction of a new cruise ship that will be built by a French shipyard. The shipyard required payments in francs which created currency risk for Poseidon. Linda‚ a top salesperson‚ was assigned this transaction. She had developed a close relationship with the chief financial officer and treasurer over a year and a half of
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membership. Introduction Business failures have an economic implication which is disastrous to the economy of any nation. In fact big investment frauds and trading scams have resulted in the loss of billions of dollars from gullible people. Nigeria is not an exception. There are various advanced fee frauds in Nigeria and other investment frauds that have bedeviled the Nigerian economy and the world. Bernard Ma doff‚ a former chairman of Nasdaq Exchange was arrested for running a $50 billion
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Harrington 1 Sarbanes- Oxley Act of 2002: A Comprehensive Review By Hennessey T. Harrington For Business 102 Ethics & Public Policy Dr. Jasso TA Josh December 7‚ 2010 Harrington 2 TABLE OF CONTENTS 1.0 Sarbanes- Oxley Act of 2002: Spectrum of Objectives 1.1 On History 1.2 On Accountability 1.3 On Corporate Social Responsibility 2.0 Sarbanes- Oxley Act of 2002: A Historical Account 2.1 On Necessity 2.2 On Defective Oversight 2.3 On Corruption 2.4 On Conflict of Interest 2.5 On Imperfect
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The presences of computer and internet have become increasingly importance in our daily life. Our society is seen greatly entangled with computers and internet connections in a multiple ways range from rapid communications‚ banking and monetary transactions‚ public administration‚ social networking‚ information and data sharing‚ sales and purchase of goods and a vast array of business activities and much more. Many of us would be in big difficulty if found suddenly without computers. While overwhelming
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