Corp. went public in 1965 at $5 per share. Over the last ten years‚ its stock price has ranged from $8 in July 2002‚ to its peak at $15 in July 2006 to its low at $4 in July 2010. It currently trades at approximately $5.50 per share.The Chief Executive Officer (CEO)‚ Michael J. Koss‚ the founder’s son‚ and his family directly or indirectly own in excess of 70 percent of the company’s 851‚000 shares. A $34 million embezzlement of cash from the Koss Corp. occurred over a 12 year period from 1997 through
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PREVENTION AND DETECTION OF FRAUD. The primary responsibility for fraud detection lies with management. This arises due to a contractual duty of care. Directors are able to discharge their duty toward prevention and detection of fraud and error in many ways‚ for example: * Complying with the Combined Code on Corporate Governance * Developing a code of conduct‚ monitoring compliance and taking action against breaches * Emphasising a strong commitment to fraud prevention. This involves
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Medicaid Fraud HCS/545 July 9‚ 2012 Medicaid fraud comes in many forms. A provider who bills Medicaid for services that he or she does not provide is committing fraud. Overstating the level of care provided to patients and altering patient records to conceal the deception is fraud. Recipients also commit fraud by failing to report or misrepresenting income‚ household members‚ residence‚ or private health insurance. Facilities have also been known to commit Medicaid fraud through false billing
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Adelphia scandal emerged after the one at Enron‚ and the company was smaller in size than WorldCom or Tyco‚ it has garnered less public attention. But for the sheer audacity of the fraud‚ it ranks high up on the list. Adelphia executives testified that they routinely made up numbers that they gave to investors and lenders‚ even while the Rigases regularly withdrew money from the company without making reimbursements. Testimony at the trial included the story of how the company’s plane was used to fly
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Richard@riskconsultants.co.za 1 Description of work See scope of work 2 Description of the site --------------------------------------------- 3 Application of Construction Regulations 2014 The intended construction work falls within the scope of “construction work” as defined in the Construction Regulations‚ 2014 made under the Occupational Health and Safety Act 1993. 4 Potential sources of risk The following potential sources of risk to the health and safety of persons
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Legal‚ Ethical & Regulatory Issues The online banking industry is a growing and a continually evolving business. This paper will identify and describes the legal‚ ethical‚ and regulatory issues that impact online banking the Websites. Business ethics examines ethical rules and principles within a commercial context involved in e-commerce are faced with the same if not more legal issues as any other business; these issues include‚ but are not limited to jurisdiction‚ contract‚ and legitimacy
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Bank fraud is a crime that has been around as long as banks themselves. Anytime there is a large amount of money floating around‚ there are going to be people trying to figure out ways to get to it. In the United States‚ and most other developed countries‚ bank fraud is a serious problem that causes billions of dollars in damages every year‚ and is considered a federal offense. In China bank fraud is even punishable by death. Bank fraud is defined as attempting to wrongfully take money or property
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us to follow a specific view. Although our society was born on freedom as an idea‚ its meaning has been used in many ways. Hinduism is also a religion and a culture that places a lot of meaning on freedom but they give a different meaning to it. From learning about Hindu culture in this class their focus on it follows suit as does our version. While our "freedom" is an idea that can be used in many different ways the Hindu "Freedom" is a more pure idea as it seems the rest of the culture is.
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regulatory framework that financial advisers must consider‚ and by which they must abide There are a number of regulators in which financial advisers must consider and abide to ensure that clients and their assets are protected‚ and can confidently depend on a financial adviser in planning their retirement. The core of the regulatory environment within which financial advisers must consider is the Corporations Act along with the Financial Services Reform Act‚ and the Financial Planning Association’s
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PROTECT YOUR NATURE AND SAVE YOUR FUTURE Respected HM Mam‚ all Teachers /Sirs and my dear friends‚ HI‚ I am ARCHI DAGA from class 2 C. Nature is our surrounding‚ which includes AIR‚ Water‚ Trees‚ Forest‚ Animal and all other living and non living things. We‚ human beings for our short time benefit are polluting the nature around us and putting our life into danger. AIR pollution‚ Water pollution‚ Soil contamination‚ excess use of fuel and energy‚ Destroying forest and trees and killing
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