Cyber Crime v Traditional Crime Alan Maricle CJA 204 November 25‚ 2014 Professor Davis Cyber Crime v Traditional Crime Eighteen people were charged in what may be one of the nation’s largest credit card fraud rings‚ a sprawling international scam that duped credit-rating agencies and used thousands of fake identities to steal at least $200 million‚ said federal authorities. (The Associated Press‚ 2013). This story was in the headlines in the news early last year around February. It is a great
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New Fraud Crackdown Looms | Emily Chasan Senior Editor With accounting-fraud cases at nearly a 10-year low‚ complacency might be the biggest fraud risk facing chief financial officers. Large fraud-related restatements of corporate earnings reports have fallen sharply since the financial crisis‚ but that doesn’t mean that companies aren’t still vulnerable to them. “There still is financial-reporting fraud going on out there‚” said Andrew Ceresney‚ the new co-director of the Securities and
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approach of detecting fraud is anonymous tips and complaints. An organization like business entity should guide employees to provide useful information and to provide various ways and methods for individuals to contribute such kind of information. On the other hand‚ when the organization received the information provided‚ it should have an effective and efficient way to collect and process these complaints‚ dissatisfaction and information. 2. One of the important thing in fraud investigation is timing
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THE PARMALAT SCANDAL The Parmalat situation started out as a fairly standard – although sizeable –accounting fraud. Not even the best auditors could prepare for what was to come from this company. The Parmalat group‚ a world leader in the dairy food business‚ collapsed and entered bankruptcy protection in December 2003 after acknowledging massive holes in its financial statements. This happened when billions of euros seem to have gone missing from the company’s accounts. This dramatic collapse
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are now convinced that the accounting fraud‚ more then likely‚ began with the company’s establishment. Minor adjustments made to the accounting records by Aaron Beam were the beginning of the largest fraudulent accounting schemes in history. HEALTHSOUTH used fraudulent financial statements to secure well over $50 million from unsuspecting bankers. Even with marked executive turnover the fraud continued. Any HEALTHSOUTH personnel that questioned the fraud found themselves not longer in the company’s
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involve fraud and deceit. According to the Miniature Guide to Understanding the Foundations of Ethical Reasoning‚ "The proper role of ethical reasoning is to highlight acts of two kinds: Those which enhance the well-being of othersthat warrant our praiseand those that harm or diminish the well-being of othersand thus warrant our criticism." It goes on to say‚ "For any action to be unethical‚ it must inherently deny another person or creature some inalienable right." It refers to fraud and deceit
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Identity theft is one of the fastest growing crimes in the United States. In the year 2014 according to the Javelin Strategy & Research group‚ $16 billion dollars were stolen from 12.7 million identity fraud victims. (Javelin Strategy & Research‚ 2015) Many cases of identity theft usually go unreported and the numbers could be higher according to the USA today which estimates 130 million from about 1 million in the year 2007. (Anderson J. G.‚ 2013) In today age and time‚ identity theft is becoming
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categories. They are Cyber crimes against persons‚ Cyber crimes against property and Cyber crimes against government. The Council of Europe Convention on Cyber crime defines computer-related crimes as: computer-related offences such as forgery and fraud‚ content-related offences such as child pornography‚ offences related to infringements of copyright such as the illegal online sharing of copyrighted material‚ offences against the confidentiality‚ integrity and availability of computer data
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IUM SWAKOPMUND 130000981 LUKAS AMUPANDA FINANCE MANAGEMENT ASSIGNMENT 3 DATE SUBMITTED : 05 March 2015 Venture-Capital-Backed - the selling to the public of shares in a company that has previously been funded primarily by private investors. The alternative to an IPO for a venture-capital-backed company is an acquisition (getting purchased by another company). Reasons why ventured backed tech company is failing. They focus on revenues instead of profits. Revenues don’t matter profits
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who thrive for money and will do almost anything they can to receive the large amounts of money that is possible. How far will one person go to make an immense amount of money? Would they go through a Ponzi scheme? A Ponzi scheme is an investment fraud that brings the payment of the purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new targets by promising to invest their funds in opportunities claimed to generate high returns with
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