Acevedo Paper #1 Assignment Insurance Fraud and PIP Automobile fraud has increased in the past years costing insurance companies millions of dollars in fraudulent claims. Further‚ this cost is being passed to consumers through increased insurance premiums. Insurance fraud is committed through staged accidents‚ fake medical treatment‚ and billing for services not rendered. PIP (Personal Injury Protection) is the primary target of auto insurance fraud in Florida. PIP was implemented by the
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Notable outcomesThe Enron scandal turned in the indictment and criminal conviction of one of the Big Five auditor Arthur Andersen on June 15‚ 2002. Although the conviction was overturned on May 31‚ 2005 by the Supreme Court of the United States‚ the firm ceased performing audits and is currently unwinding its business operations. On July 9‚ 2002 George W. Bush gave a speech about recent accounting scandals that had been uncovered. In spite of its stern tone‚ the speech did not focus on establishing
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exposing the rabid fraud behind the façade of success. Along with the rise and fall of the Enron stock price‚ one of the consistent themes of the film is the scandals and the lies behind the company’s success. The film separates each scandal and builds off that scandal to show how Enron was able to manipulate the public into believing its greatness. The name Enron is now synonymous with fraud; the reality is that greedy smart people created the tragedy. The film examines the fraud starting with the
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Space Shuttle Columbia Disaster The Space Shuttle Columbia disaster happened on February 1st‚ 2003‚ which broke on the way back to the Earth. All the astronauts‚ including two women died in this disaster. The reason why this disaster happened was a piece of foam insulation broke off from the Space Shuttle external tank which damaged the left wing of the shuttle. Even though some engineers of NASA had doubted that the left wing of shuttle had been damaged‚ the administration staffs restricted to
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The Space Shuttle Columbia was the second space shuttle disaster and the first shuttle lost on land happened on February 1‚ 2003. In this mission‚ six American astronauts and Israel’s first spaceman died when the space shuttle Columbia disintegrated 200‚000ft above Texas. They are David Brown‚ Rick Husband‚ Laurel Clark‚ Kalpana Chawla‚ Michael Anderson‚ William McCool and Ilan Ramon. Rick husband is the Columbia’s commander was a US air force colonel recruited to the space program in 1994. He
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the scandal was one of Americas largest accounting investigations into a firms illegal accounting practices and their attempt to conceal it from the shareholders and credit lenders. Divulging themselves into the scandal and solving the problems at hand are several organizations such as: United States Congress‚ US Department of Justice‚ IRS‚ Securities and Exchange Commission‚ and the United States Penal System. Each organization is handling a different approach to unfolding the scandal. The
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develop in a hospitalized patient.” “Pressure to Change” Medicare like all health insurers is constantly looking for ways to avoid paying for unnecessary medical care. The latest attempt sounds perfectly reasonable until you consider who will bear the burden. Problem: Last year federal centers for Medicare and Medicaid Services announced that they would no longer reimburse hospitals for treatment of new pressure sores in Medicare patients. The ruling‚ known as the Inpatient Prospective Payment
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provides information the Enron scandal which is revealed in 2001. The main reasons for scandal have been described. There are many individuals as well as companies involved in the scandal. The mechanisms in governance chain which could prevent the scandal and the required changes in the corporate governance to prevent from scandal have been explained in order to provide other companies to take into consideration to protect their companies from this kind of scandals. Table of Contents Executive
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is in New York! Can you guess what university it is? If you guessed Columbia University then you are right. Columbia University is located on 116th st and Broadway‚ New York‚ NY 10027. New York city! Full of shopping and restaurants and bright lights at night. I have always wanted to visit New York city‚ but the possibility of getting to live there attending a college sounds even more exciting. Now you may be thinking Columbia University is a really good school so how am I going to get into it?
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BANK OF PUNJAB (BOP) SCANDAL OF 9 BILLION RUPEES LOAN TO HARIS STEEL The Bank of Punjab (BOP) hit by a massive scandal‚ a unique fraud that involves billions of rupees. The State Bank of Pakistan expressed its great concern over the Bank’s “system and controls”‚ terming them “quite weak” while the internal audit of the Bank has repeatedly cautioned the management on the huge facilities offered to certain companies. The recipients of the huge loans include owners of some companies that do
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