The article gives examples of several health care organizations that have been found to be fraudulent‚ for example‚ a dermatologist who performed 3‚086 medically unnecessary surgeries. The article also documents how Raritan Bay Medical Center agreed to pay 7.5 Million dollars for defrauding Medicare. The False Claims Act enacted by the federal
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Financial Fraud- Qwest Communications Introduction In the late 90’s‚ early 2000’s‚ Qwest Communications International Inc. (Qwest) was a rapidly growing telecommunications company that provided global internet and telephone services. At their pinnacle‚ Qwest was one of their industry’s top leaders‚ reporting revenues of $16.7 billion in 2001 (Anonymous‚ 2013). Through continued expansion and acquisitions of other large telecommunications companies‚ it seemed things were only headed in a positive
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types of fraud‚ I would like to mention some of the well known fraud types in the area of the Internet‚ which is an area where more than one billion peole are in touch with everyday. Fraud Terminology • Auction Fraud : involves fraud via the misrepresentation of a product advertised for sale through an Internet auction site (e.g. e-bay‚ amazon) or the non-delivery of products purchased through an Internet auction site. • Check Fraud : is the unlawful use of cheques in order to illegally aquire
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What is the Scope and extent of liability in tort regarding deceptive trade practices undertaken by persons and what are the means of redressal for the same ? • Whether the current status of development of liability in tort regarding fraudulent trade practices and awareness about the aforesaid is sufficient for adequate and timely redressal to consumers ? INDEX • Deceptive Trade Practices – An Introduction. • Breach of duty of care by the Tortfeasor.
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2013 WL 425598 Page 1 [2013] UKSC 5 [2013] 2 W.L.R. 398 [2013] 1 All E.R. 1296 [2013] 1 All E.R. (Comm) 1009 [2013] 1 Lloyd’s Rep. 466 [2013] 1 B.C.L.C. 179 Official Transcript [2013] UKSC 5 [2013] 2 W.L.R. 398 [2013] 1 All E.R. 1296 [2013] 1 All E.R. (Comm) 1009 [2013] 1 Lloyd’s Rep. 466 [2013] 1 B.C.L.C. 179 Official Transcript (Cite as: 2013 WL 425598) [2013] UKSC 5 VTB Capital plc v Nutritek International Corp and others On appeal from: [2012] EWCA Civ 808 SC President Lord Neuberger‚ Lord Mance
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Open Journal of Accounting‚ 2013‚ 2‚ 26-38 http://dx.doi.org/10.4236/ojacct.2013.22006 Published Online April 2013 (http://www.scirp.org/journal/ojacct) Corporate Accounting Fraud: A Case Study of Satyam Computers Limited Madan Lal Bhasin Bang College of Business‚ KIMEP University‚ Almaty‚ Republic of Kazakhstan Email: madan.bhasin@rediffmail.com Received January 15‚ 2013; revised March 12‚ 2013; accepted March 28‚ 2013 Copyright © 2013 Madan Lal Bhasin. This is an open access article distributed
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ABC never planned to keep that promise and brought in BVT‚ which is owned by ABC‚ in order to keep all the revenue within the corporation. Because of this misrepresentation‚ Celador received nothing from the profits of the show. Constructive fraud: ABC misrepresented the truth regarding how theprofits from the show were to be divided in order to induce Celador to sign the contract. Celador relied on ABC’s promises
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Introduction: Identity theft is one of the fastest growing crimes statistically according to the Federal Trade Commission. Roughly 27.3 million Americans have fallen victim to this form of theft/fraud. According to last year the loss of money for businesses and financial institutions are in the billions and with consumers out of pocket expenses has been about 5 billion dollars. "Identity theft" refers to crimes in which someone wrongfully obtains and uses another person’s personal data (i.e.‚ name
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The Ethical Challenges of Professional Practice Prepared by: Malgorzata Delimat Introduction In recent months‚ a sense of chaos has prevailed in Ireland. Scandals‚ which emerged in banking sector‚ have done horrendous damage to credibility of accountancy profession and reputation of Irish financial system. In these difficult times‚ it is very important to understand what the ethical challenges of accountancy profession are. As professionals‚ accountants
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CASE LAW REVIEW: VTB CAPITAL PLC v. NUTRITEK INTERNATIONAL CORP & ORS INTRODUCTION The concept of forming of corporations by registration and restricted liability of stake holders of corporations dates back to mid nineteenth century. The concept in its very basic sense means that a company is a separate legal entity‚ in other words‚ it is a juristic person. The company can buy and sell property‚ can sue and can be sued; these are some of the basic legal implications of separate legal entity
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