activities are prohibited by specific laws while others are prosecuted under one or more general laws criminalizing dishonest behavior. White collar crimes include: embezzlement‚ false statements‚ obstruction of justice‚ bribery‚ fraud (federal mail‚ wire‚ and bank fraud)‚ federal perjury. Tax Crimes are often charged for failing to file a tax return or filing a false tax return because it is interfering with the administration of the internal revenue laws. Tax evasion has been effectively
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corporate accounting fraud that lead to the largest bankruptcy in U.S. history. Two investigate reports and subsequent court cases conclude that WorldCom executives were responsible for billions in fraudulent or unsupported accounting entries. How did this mammoth accounting scandal occur without anyone raising the alarm? Evidence suggests that Ebbers and Sullivan held considerable power and influence that prevented accounting staff from complaining‚ or even knowing‚ about the fraud. Ebber’s inner
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been discussed in the literature and have also been experienced by bankers and other financial institutions. Notable worldwide cybercrimes common in developing countries including Nigeria and Ghana are hacking‚ data theft‚ spreading virus or worms‚ fraud or identity theft‚ yahoo attack‚ and cyber terrorism. Hacking Hacking means unauthorized attempts to bypass the security mechanisms of an information system or network. Also‚ in simple words Hacking is the unauthorized access to a computer system
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MEDICARE FRAUD Bobby Brown Colorado Technical University Medicare Fraud occurs when someone intentionally falsifies information or deceives Medicare (www.medicare.gov). Strike force accused ninety-four people across the U.S. The charges are based on several fraud schemes including Physical Therapy schemes‚ Healthcare schemes‚ HIV infusion schemes‚ and durable medical equipment schemes (Long-Term Living‚ Aug.2010‚ vol.59 issue 8‚ p10-10‚8/9p). These schemes exceeded $225 million in false
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purposes. Offenders who perform these unlawful actions are often referred to as hackers (Janssen‚ 2010). There are several different types of cybercrimes‚ however four of the most common cybercrimes are: cyber fraud‚ cyber theft‚ stalking‚ and hacking. Federal law classifies computer fraud as the use of a computer to initiate a deceitful misrepresentation of fact as an attempt to persuade another to do or refrain from doing something which causes
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Enron’s origins date back to 1985 when it began life as an interstate pipeline company throughthe merger of Houston Natural Gas and Omaha-based InterNorth. Kenneth Lay‚ the former chief executive officerof Houston Natural Gas‚became CEO‚ and the next year wonthe post of chairman. From the pipeline sector‚ Enron began moving into new fields. In 1999‚ the company launched its broadband services unit and Enron Online‚ the company’s website for trading commodities‚ which soon became the largest business
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Make sexual harassment a crime‚ say NGOs KUALA LUMPUR: Sexual harassment must be made a criminal offence to address the rising number of occurrences in the country‚ 11 NGOs said Saturday. As sexual harassment was not a crime in the Penal Code‚ employers could choose implement an ethical code against it or not‚ said Association of Women lawyers member S. Prema at a press conference at the launch of a joint committee consisting 11 NGOs in Petaling Jaya. The committee SH-out (Sexual Harassment out)
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conspiracy‚ securities fraud‚ money laundering‚ and perjury. Conspiracy is “Agreement between two or more persons to commit an unlawful act or to accomplish a lawful end by unlawful means” (Merriam-Webster Dictionary‚ 2011). Although Madoff originally stated that he was the sole mastermind behind the Ponzi scheme‚ others have come forward and plead guilty to assisting Madoff with covering the scheme. Madoff violated the Securities and Exchange Commission with securities fraud;
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forensic accountant should know are: Accounting‚ Auditing‚ Investigative‚ Evidence gathering‚ and Problem solving skills.[ The skills needed for Forensic Accounting‚] by: Michelle Hickman. The Forensic Accountant investigates white collar crimes such as fraud‚ incorrect financial reporting‚ and illegal investment schemes. Forensic accounting is probably the fastest growing area of accounting today. “Forensic” means “suitable for use in a court of law”‚ and it is to that standard and potential outcome that
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2A Reaction Paper Krippendorf’s Tribe ( film ) Krippendorf’s tribe is a movie about a respected anthropologist James Krippendorf and his children committing a fraud by pretending to have found a lost tribe in New Guienea which he named Shelmikendu after the names of his children Shelly‚ Mickey and Edmund. The fraud started when James Krippendorf was scheduled to lecture at a college about the tribe. Also‚ he feared that he will be charged of misuse of grant funds that was supposed to
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