Essays on Fraud

Introduction Honesty is one of the basic principles for ethical business conduct. Gaining the trust of customers and investors is paramount in ensuring continued long term success and profits. For over ten years, Bernard Madoff created and grew one of the world’s largest Ponzi schemes …

Crime has been traditionally associated with individuals but today it is a known fact that companies too can commit crimes. According to law, companies are legal persons who can commit crimes and can sue or be sued. The two articles forming the subject of this …

Case research project 1.  Chester Charles Sztejn, Plaintiff., v. J. Henry Shroder Banking Corporation, Robert Schwarz Bristle Corp., Transea Traders, Ltd., and the Chartered Bank of India, Australia, and China, Defendants; heard by the Supreme Court, Special Term, New York County, on July 1, 1941; …

The main aim of this research is to find out about detection and prevention of e-commerce frauds. The introduction discusses the current situation of e-commerce frauds and how people interpret the fraud statistics. It also discusses many misconceptions about e-commerce frauds i. e. many internet …

 Describe the three types of illegal behavior alleged allegations against Mr. Madoff and for each of the behavior explain why it is illegal or unethical in the conduct of business? Ans) Bernard Lawrence Madoff was a stock broker, investment advisor and the non executive chairman …

A customer is a very important element in the chain of supply as he or she is the end user of goods and services provided at the market place. It is said that a customer is an asset to business owners and should be treated …

Abstract WorldCom and Enron scandals should have taught us a lesson or two on investment. Once a company has filled for bankruptcy act, should not be allowed to go worth normal business activities. WorldCom was left to still fair on , and it bought some …

Information system has been playing a grave essential role in daily business activities. Over the past decade, the detection rate of computer crimes concerning information system attacks has risen sharply. According to Kunz and Wilson (2004), reported computer crimes have been septupled from 2000 to …

In the last decade, more and more investors are finding it hard to trust the financial system in the United States. With the scandals and frauds, such as Enron and Worldcom, investing is riskier than ever. However, previous scandals and frauds were nothing compared to …

Ponzi scheme is a fraudulent undertaking whereby the investors are duped into a seemingly profitable deal. The clients are asked to “invest” their money in a venture to earn huge interest rates. This normally works through the payment of the earlier investors’ interests and principals …

Modern business is a very complex reality. Many factors influence and determine the business activity. Among other organizational factors managerial, scientific technological and socio-cultural-political, the business complexity of social activities, business with the complexities of modern society. For social events, business in many ways intertwined …

Define and describe intentional misrepresentation (fraud), including in your answer fraud in the inception, fraud in the inducement and fraud by concealment (or silence). Based on the legal context, misrepresentation is a declaration or demonstration by means of expressions or by behavior, which is not …

Organizational Responsibility and Current Health Care Issues HCS/545 August 27, 2012 Charles Barron Organizational Responsibility and Current Health Care Issues Health care fraud and abuse is a current issue affecting everyone in the United States costing billions of dollars annually. This fraudulent crime is committed …

Identity theft is a growing problem and costs American consumers billions of dollars and countless hours each year.  The following paper will discuss the issue of identity theft, the definition of the problem and it will survey five people about personal awareness of identity theft. …

Accounting Fraud at WorldCom LDDS began operations in 1984 offering services to local retail and commercial customers in the southern states. It was initially a loss making enterprise, and thus hired Bernie J. (Bernie) Ebbers to run things. It took him less than a year …

Heartland payments system is a company which deals with payment information for quite a lot of companies. The recent information breach which occurred at the beginning of last year impacted the largest case of credit cards and debit cards. In this case, very many credit …

The following is an evaluation of LJB Company’s internal controls, based on the information provided by the President of the company in an effort to prepare his company for the requirements needed to be a publically run company. First, I will establish the legal requirement …

Every business was created to make a profit. Managers are instructed by business owners to do whatever they can to achieve this goal. To protect consumers from over aggressive desires of corporations to make money, the law has set out standards that the companies must …

A profound overview on the consumer behaviour by a company so as to maintain and attract more customers (1) Background is faced with more divergent consumer protection issues. Much of these are consumer dissonance related. The problem is resulting into profound market share problems which …

Protection of consumer’s interest against unethical and fraudulent business practices of some direct marketers is now played an important role. These research papers dwell deep into ‘cooling-off statutes and their efficacy in safeguarding the interest of consumers with emphasis to low-income group consumers.  There is …

Action of Ethnic Issue for Mueller Imports Dear Officer, My name is Becky Knauer, the new controller in Mueller Imports. Being selected as an experienced automotive professional to join such a huge management team, I aim at using my objective view and competency in addition …

Ethics and moral issues in business become factors that individuals encounter at several times in one’s daily life. An individual becomes greeted each morning in the newspaper, confronted in the fundamentals of one’s daily jobs, and bided good night on the evening news. In a …

WorldCom Scandal Formerly known as WorldCom, now known as MCI, this U. S. -based telecommunications company was at one time the second-largest long distance phone company in the U. S. Today, it is perhaps best known for a massive accounting scandal that led to the company …

This assignment attempts to show the importance of awareness of the security knowledge that will make us more aware about threats like escrow services fraud, spasms and spoofing. There’s statistics demonstrates the recent trends of these types of threats that people usually face in the …

Planning is when the financial manager identifies the steps that must be taken to accomplish the organization’s objectives. The purpose is to identify objectives and then to identify the steps required for accomplishing these objectives. Controlling is when the financial manager makes sure that each …

Cyber crime is defined as those crimes involving abuse of electronic media or the information contained in it by influencing the computers functioning or the functioning of its system to the detriment of other individuals/organizations. The emerging information technology trends have seen has seen increased …

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 …

In replying the below inquiries you are to supply a brief analysis of the place at jurisprudence, backed with commendations of the relevant legal commissariats, case-law and commentary. Address the points tersely in such a mode as to demo that you have understood the rules …

All Forms of Government Welfare Should be Abolished By: Michelle M. Flores 12/11/08 Strayer University PHI 210 Professor James Poteet All Forms of Government Welfare Should be Abolished Welfare is defined as “governmental provision of economic assistance to persons in need. ” (wordnet. princeton. edu). …

The management tried to draw attention away from their fraudulent financial reporting by making three major acquisitions in 1998 which were financed partly by stock and by the issuance of a company bond. They issued false and misleading financial reports to the lenders. Similar information …