Cyber-crimes can be divided into two broad categories; the first category involves attacks on computer hardware and software tools‚ such as botnets‚ network intrusions‚ and malware. The category involves cybercrimes of financial nature such as online fraud and penetration of online financial services (Brenner‚ 2010). Others include phishing‚ corporate account takeover and theft of intellectual properties. Cyber-crimes are committed across geographical boundaries‚ with the perpetrators taking advantage
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Chelsie Akers 1: What is a cybercrime in your own words? Cybercrime‚ also called computer crime because the use of a computer is used as tool to help people meet their illegal ends. Some cybercrime examples are committing fraud‚ trafficking in child pornography and intellectual property‚ stealing other peoples identity‚ or violating privacy of others. 2: What is the extent of cybercrime in the United States? Cyber crimes here in the United States are becoming very
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Brothers Holdings Inc. Chapter 11 Proceedings Examiner’s Report). “Attorney general Andrew Cuomo later filed charges against the bank ’s auditors Ernst & Young in December 2010‚ alleging that the firm "substantially assisted... a massive accounting fraud" by approving the accounting treatment” (LATTMAN‚ 2010). Lastly‚ on April 12‚ 2010 a story broke about the incident concerning Lehman in the New York Times‚ Lehman was caught using a small firm name Hudson Castle‚ they used it to “move a number of
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3001 Individual Report SID : 1155014517 Name : LI‚ Min In 2013‚ China Metal Recycling Ltd. was accused by The Security and Future Commission in Hong Kong as it was involved in accounting fraud. It exaggerated accounts for loan‚ land and its warehouse receipts in its public offering financial statements for 2009. Also‚ its main subsidiary’s revenue was deliberately inflated according to powerful evidence. As a result‚ the CEO‚ Jacky Chun
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The government is going to take you inside the doors of what was once the one of largest telecommunication companies in the world‚ WorldCom and tell the story of how an 11$ billion dollar accounting fraud led to one of the largest bankruptcy filings in history. In the two years before WorldCom declared bankruptcy‚ one man at the helm of the company told lie after lie about the true financial condition of WorldCom‚ lies that artificially inflated his own stock holdings and lies that deprived the
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operation and safeguard of the company assets. We will examine the nature of the Parmalat accounting fraud‚ the process leading to the identification of the fraud‚ the external and internal responses to the fraud and finally‚ a discussion in which the Parmalat scandal could have been prevented if certain independent controls and mandatory regulations were in place. Nature and Context of the Parmalat Fraud The setup of the Parmalat group was a typical complex structure of a centralized‚ few shareholders
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been arrested and has confessed to a $1.47 billion (or Rs. 7‚800 crore) fraud‚ admitted that he had made up profits for years. According to reports‚ Raju and his brother‚ B. Rama Raju‚ who was the Managing Director‚ “hid the deception from the company’s board‚ senior managers‚ and auditors.” The case of Satyam’s accounting fraud has been dubbed as “India’s Enron”. In order to evaluate and understand the severity of Satyam’s fraud‚ it is important to understand factors that contributed to the ‘unethical’
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followed standard auditing procedures in regard to “Occurrence” and even claims to have seen payment but in retrospect there could not have been any payment as the job did not exist. He should have determined that Tom Padgett was a co-conspirator in this fraud‚ as he was a friend at the health club making him a related party‚ the company that Padgett and Minkow created did not exist and probably could have been found out with some effort. He also admitted he did not inspect any of the restoration sites‚
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Accounting A fraud that occurred recently was the corruption charges brought against Cardinal Health a pharmaceutical company based in Dublin‚ Ohio. The fraud involved Cardinal health paying pharmacies kickbacks in other to ensure that the pharmacies purchased prescription drugs for their pharmacies from them. Kickback schemes are a type of corruption scheme that involves the company bribing pharmacy owners or pharmacy companies for some sort of favor. While this type of fraud is for the company
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mastermind one of the largest securities frauds uncovered during the 1980s. Sam admitted that he had no empathy whatsoever for investors because he never concerned about morality or the suffering of those victims. Next I’ll analysis Crazy Eddie Case from ethical perspective and use Ethical Decision Making Model to evaluate Sam’s possible behaviors. 1. Frame the ethical issue: Should Sam join his cousin and become a willing participant in the massive fraud? 2. Gather all the facts: (1)Eddie
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