family. Shockingly enough‚ there were no children to begin with. The women who promised their unborn children to the people‚ who were interested in adopting‚ were not even pregnant. At least six couples in the Midwest were victimized by this adoption fraud scheme. For example‚ in a Florida case a woman contacted over a dozen victims through a forum/ Internet site for people who were looking to adopt a child‚ and posted that she knew a women who was about to “give birth”. All she asked of the adopting
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Brothers Holdings Inc. Chapter 11 Proceedings Examiner’s Report). “Attorney general Andrew Cuomo later filed charges against the bank ’s auditors Ernst & Young in December 2010‚ alleging that the firm "substantially assisted... a massive accounting fraud" by approving the accounting treatment” (LATTMAN‚ 2010). Lastly‚ on April 12‚ 2010 a story broke about the incident concerning Lehman in the New York Times‚ Lehman was caught using a small firm name Hudson Castle‚ they used it to “move a number of
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business they were forced to close their doors. The reason were practices unethical and fraudulent activities which lead to exposing the business. WorldCom was one of the largest accounting fraud scandals in corporate history. WorldCom had to file for bankruptcy after the organization admitted to accounting fraud. How this came up was a long and drawn out investigation. In the financial statements determined that the auditor was right about that the corporation was making false transactions that could
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Donna Sanders Financial Statement Fraud Week 12 There are many things that can motivate financial statement fraud. Taking a look at Donald Cressey’s hypotheses which is now known as the fraud triangle depicts the certain criteria for the mind frame of the fraudster. The fraud triangle is a theory that consists of perceived pressures‚ perceived opportunity‚ and rationalization. It gives us the different pressures placed on individuals that would make them consider “cooking the books.” It also
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HealthSouth Impact on Stakeholders HealthSouth’s fraud impacted many of their stakeholders. Some of the stakeholders discussed below are the Directors and Management Team‚ external auditors Ernst & Young‚ the employees‚ the patients‚ and Chief Financial Officer Weston Smith. The Board of Directors and Management team engaged in several conflict of interest actions. They were the first company to be charged under the Sarbanes Oxley Act of 2002; which holds financial executives more accountable by
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person who would commit this crime would be someone that a person would least expect on doing this. They’re many types of white collar crime. There is: Bank Fraud Blackmail Bribery Cellular Phone Fraud Computer Fraud Counterfeiting Credit Card Fraud Currency Schemes Embezzlement Environmental Schemes Extortion Forgery Health Care Fraud The list goes on and also the way for a person to scheme someone is more. You can check it up on one of my sources (http://www.ckfraud.org/whitecollar.html
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Peregrine Financial Group- Case study Last July 2012‚ a new financial fraud came out and hit the news headline‚ déjà vu‚ perhaps of other famous scandals‚ but not. This time a medium size financial institutions‚ name “ Peregrine Financial Group Inc” accused of shortfall of funds for around $200 million‚ where its CEO‚ Russell Wasendorf managed to misstated financial record for over 20 years‚ and finally in July 2012 filed for Bankruptcy. CEO‚ Russell Wasendorf‚ was no different than others high
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TROJAN ATTACK:- ➢ VIRUS AND WORM ATTACK:- ➢ E-MAIL & IRC RELATED CRIMES:- ➢ DISTRIBUTED DOS: ➢ PORNOGRAPHY ➢ CYBER SQUATTING: ➢ CYBER TERRORISM:- ➢ BANKING/CREDIT CARD RELATED CRIMES ➢ E-COMMERCE/ INVESTMENT FRAUDS ➢ SALE OF ILLEGAL ARTICLES:- ➢ ONLINE GAMBLING:- ➢ CYBER STACKING ➢ PEDOPHILES ➢ IDENTITY THEFT ➢ DATA DIDDLING:- ➢ THEFT OF INTERNET HOURS:- ➢ THEFT OF COMPUTER SYSTEM (HARDWARE) ➢ BREACH OF PRIVACY AND
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mastermind one of the largest securities frauds uncovered during the 1980s. Sam admitted that he had no empathy whatsoever for investors because he never concerned about morality or the suffering of those victims. Next I’ll analysis Crazy Eddie Case from ethical perspective and use Ethical Decision Making Model to evaluate Sam’s possible behaviors. 1. Frame the ethical issue: Should Sam join his cousin and become a willing participant in the massive fraud? 2. Gather all the facts: (1)Eddie
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