History Founding Henry Silverman‚ a business executive and private equity investor created Hospitality Franchise Systems (HFS) as a vehicle to acquire a number of hotel franchises in the early 1990s. Among Silverman’s purchases were such brands as Ramada and Howard Johnson’s as well as Days Inn‚ which he was able to buy for $290 million (less than half what he had sold it for) after the company had filed for bankruptcy in 1991. Silverman quickly took Hospitality Franchise Systems public in a
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HealthSouth Fraud Richard Scrushy was the founder of HealthSouth he graduated from Jefferson State Community College and become a registered respiratory therapist after studying at Alabama Birmingham University. He later went to St. Louis and became the regional director of the respiratory therapy department at Lifemark. He eventually moved to Houston and became the COO. In 1984 He left to follow his dream of creating a rehabilitation center in Little Rock. The company changed their name from Amcare
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Financial Statement Fraud Schemes While evaluating Apollo Shoes‚ there are some areas of concern that are potential fraud schemes. Fraud can lead to the entire collapse of a company if not corrected‚ and will also affect share value and investor confidence. This paper provides an overview of the process of investigation along with recommendations for the company. As with any company‚ revenue recognition is an important part of operations for Apollo Shoes. Generally accepted accounting principles
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Briefing Research Paper Scenario #5 Table of Contents Executive Summary i Introduction 1 Identified Fraud and Corruption Risks 1 Red Flags and Lessons Learned 1 Risk Analysis 1 Fraud Theories 1 Best Practices in Fraud Corruption Prevention 1 Action Plan 1 Conclusion 1 References 2 Executive Summary Many experts believe that the majority of frauds within an organization involve employees and executives‚ with a desire from a combination of selfish greed‚ quests for power and disregard for
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Hi Al‚ As you may know‚ the agency will be executing a new nation-wide Immigration Benefit Fraud Assessment (IBFA) study‚ which will begin this fall. IBFA was formerly known as the Benefit Fraud Assessment (BFA) or Benefit Fraud Compliance Assessment. OP&S is collaborating with representatives from FDNS‚ FOD‚ SCOPS‚ and OP&S staff to execute the study. Chris Dombek and Taeho Jinn are our POCs from FDNSHQ. The study will include 200 to 240 newly received I-130 case files. All these cases will
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Trident University Module 1 SLP BHM443: Legal Aspects of Health Care 1. Using the Internet and other sources research the following case: Robert Ray Courtney‚ a former pharmacist‚ who owned and operated the Research Medical Tower Pharmacy in Kansas City‚ Missouri. 2. Provide a detailed account of the key facts surrounding the case. Make sure to include the following: a. Case background b. Biographical description of the defendant and his company 3. Using information from the
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schools for their children‚ keeping up the appearance of greater wealth than he was able to afford as a status symbol (Sutherland‚ 1940). Earl Jones scheme works by simply paying old investors the funds collected with new investors. The fraud can only continue just as long as there was a continued flow of new investors. Jones had made a promise to his clients that they will achieve an above normal rate of return. (Moffatt‚ 2012). In 2005 Jones set up nine mortgages valued nearly two million
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INFORMATION TECHNOLOGY ACT‚ 2000 The Act rather than giving information and technology gives rise to cyber crime. 2011 11/14/2011 INFORMATION TECHNOLOGY ACT‚ 2000 The Act rather than giving information and technology gives rise to cyber crime. 2011 11/14/2011 Table of Contents Introduction 3 The Information Technology Act‚ 2000 5 Positive Aspects of Information Technology Act: 9 Rise of Cyber Crime 11 Caselet 14 Statistics and Facts 18 Case Study 28 Case Study 1
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English 100 Illegal Immigration’s Effect towards the U.S The United States is a country affected by illegal immigration. The term illegal aliens or what is most commonly known as illegal immigrants‚ the word alien is simply a person who comes from a foreign country. A much more accurate expression for these groups of individuals is the term illegal alien. The term illegal alien is a much more precise term because it deals with both undocumented aliens as well as nonimmigrant visa overstayers
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Now back to the welfare fraud case. I was lucky and fortunate enough to get to sit through a welfare fraud case here in Jefferson County. Where this case consisted of 30 Year old woman had gone and was collecting assistance. During the time she claimed that she had no income by all means and that she needed it. Well I did some research on the woman this woman has been charged with dealing and selling drugs inside and outside her home. She was selling narcotics inside her home and sold cocaine and
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