person who would commit this crime would be someone that a person would least expect on doing this. They’re many types of white collar crime. There is: Bank Fraud Blackmail Bribery Cellular Phone Fraud Computer Fraud Counterfeiting Credit Card Fraud Currency Schemes Embezzlement Environmental Schemes Extortion Forgery Health Care Fraud The list goes on and also the way for a person to scheme someone is more. You can check it up on one of my sources (http://www.ckfraud.org/whitecollar.html
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SYSTEM SUPPORTING MONEY LAUNDERING & FRAUD DETECTION Nithun Ajeeth.K & Senathipathi.R Department of Banking Technology‚ Pondicherry University‚ India ABSTRACT Money laundering is the big problem which is getting even more complex than before. The designing the system for prevention of money laundering and fraud detection is a complex task since money launderers have kept pace with the changing times‚ becoming more technically adept than ever‚ making the existing systems more vulnerable to
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1. Advantage and disadvantage of internet Advantages of the Internet * · Faster Communication The Internet has been mankind’s greatest means of communication yet. Newer innovations are only making it faster and more reliable. * · Abundant Information Resources The Internet is a treasure trove of information; which offers knowledge on any given topic under the sun. Search engines make information accessible on various subject matters such as‚ government law and services
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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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recognize there are some disadvantages as well. Much like any other technical or mechanical advancement there are drawbacks or risks that need to be mitigated in order to enjoy the positives. Here are a few of the disadvantages of the Internet: *Fraud and Theft Fraud and theft is the largest complaint consumers have about the Internet. These cyber crimes impact individuals and organizations and causes serious damage in society. Lurking across the dark corners of the web are identity thieves‚ embezzlers
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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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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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Bernie Madoff’s $50 Billion Ponzi Scheme Named after con man Charles Ponzi‚ a Ponzi scheme is a fraud of investment‚ which appeals to investors due to the promise of high returns with little to no risk. Investors believe they are receiving profits however they are merely receiving principal of new investors. In order to be successful‚ the old investors must not withdraw large sums of money at a given time‚ and there must constantly be an inflow of money from new investors contributing to the
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