White collar crime and credit card fraud are complex crimes that are generally related to business‚ industry‚ and economic schemes. The U.S. Department of Justice defines white collar crime as a “nonviolent‚ illegal activities that rely on deceit‚ deception‚ concealment‚ manipulation‚ breach of trust‚ subterfuge‚ or illegal circumvention” (Criminal Investigation‚ 11th Edition). Statically these sophisticated crimes are usually committed by caucasian and european men. No matter the circumstances‚
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2070-0083 (Online) Fraud and Fraudulent Practices in Nigeria Banking Industry (Pp. 240-256) Owolabi‚ S. A. - Accounting Department‚ Babcock University‚ Nigeria E-mail: emilagab05@yahoo.com Abstract The paper reviews the various forms of fraudulent practice their impact and inducement for various reforms in banking industry. It also mentions various legislations targeted at reducing fraud and introducing some forms of control and reporting systems. Various theories of fraud are examined and detailed
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ZZZZ Best Company Fraud Case Study 1) At an early age‚ Barry Minkow was introduced to the carpet cleaning industry by his mother who worked part time as a telephone solicitor for a small carpet cleaning company. This insight of the industry allowed Minkow to understand that the carpet cleaning industry was one which had very few barriers to entry‚ no licensing requirements‚ and required only a small amount of capital to enter. Also‚ because of these few barriers to entry‚ the industry has historically
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One of the most common forms of employee fraud that we have been seeing for quite some time involves access to internet banking. Businesses often have two signatories for company cheques but allow full single user access to their internet banking. The result is an accident waiting to happen. An internet banking fraud of $20 million was reported today in the Sydney Morning Herald involved the payroll manager of listed white goods retailer‚ Clive Peeters. Full story : http://business.smh.com.au/
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Fraud‚ Abuse‚ and Waste in the US Healthcare System Tony Hackman University of Phoenix Financial Management in Health Care HCS/577 Adam Craft August 01‚ 2010 Fraud‚ Abuse‚ and Waste in the US Healthcare System Healthcare insurance costs have risen at the average rate of three percent over the inflation rate for the past 10 years. As a result‚ the government is spending a larger percentage of GDP on healthcare for Americans. One of the reasons for this increase in the overall cost for healthcare
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101-C10 Medicaid Fraud in America: Uncovering Wasteful Spending in Healthcare In 2012‚ the State of South Carolina spent $4.8 billion on the Medicaid program. At the end of that fiscal year‚ the US Department of Health and Human Services Office of Inspector General reported that nationwide only $1.4 billion had been recovered in fraudulent cases. “The US spends more than $2 trillion on healthcare annually. At least 3% of that spending-or $68 billion-is lost to fraud each year. Fraud accounts for 19
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What is Welfare Fraud and who’s paying the price? What is Welfare Fraud and who’s paying the price? Welfare fraud is misuse of various welfare programs; the people who suffer the most from this are the ones who should get benefits but can’t because there is no more funds available and the taxpayers who pay for it. Basically fraudsters withhold certain information or provide inaccurate or false information to receive benefits. The three most common types of welfare fraud are purposely providing
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Tallahassee‚ Florida. During your audit the teamís owner‚ Franklin Kennedy‚ approaches you and offers an additional fee if you will quietly investigate the possibility of fraud within the firm. Mr. Kennedy reports that he received an anonymous tip and‚ based on that information‚ believes that someone within the firm could be perpetrating fraud. Your task is to use the information given here (the financial books and back-up documents) as a starting point for your investigation. From that starting point‚ use
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payroll fraud case‚" n.d.) After criminal charges were filed‚ the State’s Controller’s office released an audit that uncovered inappropriate payroll methods resulting in over $900‚000 in payroll theft between July 2010 and July 2013. ("Former Patton State Hospital employees charged in $800‚000 payroll fraud case‚" n.d.) The Paton State Hospital administration is debating the accuracy of the audit‚ do to questionable calculations. Additionally‚ the Patton Administration stated that the fraud incidents
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Chapter 1--The Nature of Fraud MULTIPLE CHOICE 1. One way that criminal law differs from civil law is that it: a. | Provides remedies for violations of private rights. | b. | Must yield a unanimous verdict. | c. | Can have a jury of fewer than 12 persons. | d. | Allows for various claims in one action. | ANS: B | Feedback | A | Incorrect. This is a characteristic of civil law; criminal law deals with crimes against the public. | B | Correct. Criminal trials must
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