Fraud at Electronic Game Card‚ Inc. Krista L. Farmer Dr. Randolph A. Stanley‚ Professor ACC499 – Accounting Undergraduate Capstone November 17‚ 2012 Fraud at Electronic Game Card‚ Inc. Discuss the nature of the fraud and the impact to the company as a result of the fraudulent activity. Electronic Game Card Inc. develops‚ produces‚ and markets electronic‚ credit card sized games to the casino‚ lottery‚ toy‚ game‚ education‚ and promotional industry worldwide. Chief
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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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President and Controller) and Buford Yates (Director of General Accounting)‚ used shady accounting methods to mask its declining financial condition by falsely professing financial growth and profitability to increase the price of WorldCom’s stock. The fraud was done in two main ways. First‚ WorldCom’s accounting department underreported “line costs”‚ which are interconnection expenses with other telecommunication companies‚ by capitalizing these costs on the balance sheet rather than properly expensing
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from becoming a victim.’’ (Shelia Robinson) There are so many computer crimes out there‚ but I am only going to explain four of them. These four computer crimes are the most common crimes that are talked about. My first crime is computer fraud. Computer fraud is when a victim is conned into believing that he will receive money or something else of value. A good example is when you get an email that starts off good to get you to open it and then it will say if you fill out this survey you will be
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http://www.freepatentsonline.com/article/Journal-Managerial-Issues/85884300.html Jennings‚ M. M. (2004). Preventing organizational ethical collapse. The Journal of Government Financial Management‚ 53(1)‚ 12-19. Jennings‚ M. M. (2004). Privilege‚ financial fraud and noisy lawyers. Corporate Finance Review‚ 8(4)‚ 43-47. Jennings‚ M. (2009). Business ethics: Case studies and selected readings (6th ed.). Mason‚ OH: South-Western Cengage Learning. Lublin‚ J. S.‚ & Carrns‚ A. (2003‚ April 11). Directors had
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A PAPER PRESENTED ON: CYBER LAWS IN PAKISTAN; A SITUATIONAL ANALYSIS AND WAY FORWARD June 24‚ 2006 Presented by: Zibber Mohiuddin President and CEO ERICSSON PAKISTAN (PVT.) LTD. . TABLE OF CONTENTS 1 2 Abstract ............................................................................................................3 Background ......................................................................................................4 4 5 6 7 8 9 Internet Origin...
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forms of crime‚ and new ways to commit old forms of crime. For instance‚ phenomena such as phishing‚ pharming‚ and the diffusion of viruses and worms were completely non-existent before the arrival of the internet‚ while long existing crimes such as fraud‚ theft‚ and even terrorism can now all be committed in new (and sometimes easier) ways in the cyber world. Due to its decentralized structure‚ users of the internet can enjoy high levels of anonymity‚ with little risk of being traced. Consequently
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Jickling‚ 2). Under the pressure of declining profit and market expectations of continuing growth‚ top management at WorldCom began to manipulate its accounting reports in an attempt to avoid or delay market losses (Lyke and Jickling‚ 1). Accounting fraud was committed in mainly two ways. First‚ over $3.8 billion of “line cost‚” or payment made to other companies for use of their communication networks‚ was classified as capital expenditures rather than current expenses (Lyke and Jickling‚ 2). Since
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year . I think the CFO Scott Sullivan got a light sentence and consciously knew what he was doing and could have put a stop to it. He should have been the good advisor telling Ebbers not to proceed with this fraud. Ebbers probably could not have figured out how to produce this type of fraud without financial experts doing the dirty work. Even if Ebbers was the one telling his accountants to cook the books‚ his accountants and the auditors should have put a stop to it. There were too many people
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HEALTHCARE FRAUD Abuse AND Prevention Health care fraud is a crime. Fraud is committed when a provider or patient intentionally submits false or misleading information to a health plan for use in determining the amount of health care benefits payable. As a Group Health member‚ there are steps you can take to prevent health care fraud and to report suspected fraud and abuse. There are a lot of things people can do to prevent Healthcare fraud some things that can be done Start by knowing your benefits
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