Fraud Reports Samples For Students

Business Ethics and Sustainability

Report on Sustainability Issues Affecting Institutional
Investors, Within the Australian and global Markets

Executive Summary 3

Introduction 4
Stakeholder’s Approach Theory 4-5
Major Stakeholders 5
Impact of the Incident to the Organization 6-7
Further Discussion 7-9
Ethical Theories behind the Incident 9
SBS Strengths: Ethics in Leadership and Organizational Culture 10-12
Recommendation/Conclusion 12 -14

References 15

Executive Summary
This case study pertains to the organization called SBS, short for Special Broadcasting Service. It provides multi-cultural programs on radio and television. The person who was interviewed for this case report was from SBS Radio. His ...

Welfare fraud and abuse involves the use of vast amounts of the federal money for various activities and programs without accounting for the value attached to those amounts of money. The transactions and programs where the money of taxpayers are channeled led to many cases of fraud and abuse of such funds by the responsible agencies and administrators. The money and funds used in the government grants and subsidy programs are subject to fraud and abuse. The people responsible for handling and management of such funds ending up misusing and abusing the money by channeling to their personal activities ...

1. The three types of illegal business behavior alleged against Bernie Madoff include fraud, money laundering and theft. The first, fraud, involves coercing investors to decide whether or not to invest by giving them information that does not correspond to the reality of their situation. Madoff did this by This is meant to provide a short term gain for the defrauder, but significant losses for investors – the person committing the fraud gets the investment money while providing no return on that investment back to the investors. This is an unethical business practice, due to the fact that it is an ...

Executive summary

The ubiquitous computers use as well as other electronic devises is essentially creating a swiftly rising wave of firsthand as well as stored digital information. Roughly, 90 percent of the corporate information presently is in digital form. Corporations produce nearly 17.5 trillion documents that are in electronic form in every year. The additional types of electronic data come from online banking, internet-based electronic data, and stock trading among others. The information risks that are related with these data are numerous due to the rapid increase in online crimes and especially computer and credit card crimes.
The methods of collecting ...

In the recent past, California has emerged as one of the state in the US with many reported cases of fraud in workers’ compensation schemes. In actual sense, a quarter of all compensations extended to workers by insurers in California are false. The major types of frauds include internal, claimant and provider fraud, with the most rampant being claimant fraud. In order to minimize losses caused by falsified claims, relevant state stakeholders have structured policies meant to detect and punish compensation fraudsters. Unfortunately, existing policies have not been effective in addressing the issue. Matthew (2013) insinuates that what must be ...

San Francisco based company, Diamond Foods Inc. mislead its investors by lying about walnut costs in order to boost their earnings. The company and its two former lead executives will therefore have to pay five million dollars to settle the civil charges. Allegations that were made by Securities and Exchange Commission stated that the previous Chief Financial Officer for the company spearheaded the fraudulent scheme. The scheme involved under reporting the amount of money paid to Walnut growers by delaying the recording of payments to the next fiscal periods. This scheme allowed the company to register better results and ...

The first principle that BUPA must adopt is that it must understand true costs. This company will make this achievement by using the standard cost component. This tool should be applied in budget preparation, pricing reporting and performance based incentive plans (Elliott, 2004). This is based on the increase in utility costs, which has decreased the operating surplus. In 2012, the operating surplus was £ 38,364,000. This was a decline from £ 54,202,000 in the previous year (Bupa Care Homes (CFG) plc, 2012). Understanding true costs will ensure that BUPA improves its costing control system. In this case, ...

Introduction.

Forensic accounting involves an integration of accounting and auditing knowledge and the application of investigative skills with regard to civil or criminal procedures. It provides an analyzed account suitable for a court debate, discussion or an ultimate resolution for a dispute. A forensic accountant’s key role is to review a client’s instructions, through a solicitor, investigate the instructions, examine all financial or contractual information provided, obtain solid evidence, prepare appropriate calculations and publish the findings as a report to present in a court. The skills of a forensic accountant are considered necessary in the following situations matrimonial dispute, fraud and criminal investigations, negligence of ...

The Securities and Futures Ordinance of 1991 was a significant leap in Wall Street regulation. The Ordinance consolidated several laws that were created in the past and helped pave the way towards securing Hong Kong’s financial future. The Ordinance created a universally accepted licensing system in dealing with financial commodities, such as securities and other derivatives (Charltons). The Ordinance also only allows for corporations and individuals representing them to receive that licensing. In addition, the Ordinance provides those currently licensed two years to adjust their platforms to the new regulations provided by the Ordinance. Though it is the ...

1. Explain how the Internet has aided criminal activity.
Internet crime is any crime or ill-gotten on-line activity committed on the web, through the web or exploitation the web. The widespread web crime development encompasses multiple world levels of legislation and oversight. within the difficult and ceaselessly ever-changing IT field, security consultants ar committed to combating web crime through preventative technologies, like intrusion detection networks and packet sniffers. Internet crime could be a sturdy branch of law-breaking. fraud, web scams and cyberstalking ar the first varieties of web crime. as a result of web crimes sometimes have interaction folks from ...

Issues for Healthcare Organizations

Lesson 3:1- Antitrust
Lesson 3:2 - Health Information Management
Lesson 3:3 - Fraud, Abuse, and Corporate Compliance
Abstract
This document contains answers to lessons 3 units 1, 2, 3 pertaining to Issues for Healthcare Organizations. Unit 1 explores antitrust management; unit 2 - Health Information Management and unit 3 Fraud, Abuse, and Corporate Compliance.
Issues for Healthcare Organizations
Lesson 3:1- Antitrust

Question 1: Antitrust regulations - Sherman and Clayton Acts

- Mergers, consolidations and acquisition components of Sherman and Clayton antitrust acts like any other corporate legal intervention endorses regulations regarding purchasing; selling, dividing and combining with other companies that offer different ...

Part a

An imperative strategy in any type of business is to make it easy for the customers to acquire the services or buy the goods. This specifically applies in situations where the customers apply or place orders for the services and goods in advance or that are not immediately available. Therefore, Winford services plc have a mandate to make it easy for West River Borough customers to acquire leisure services. In addition, in its accounting activities, it must conform to all the regulatory financial reporting requirements. The accounting activities that Winford Services plc will be undertaking are important because they will ...

The Civil Healthcare Fraud case happened in Birmingham. The case was as a result of a complaint launched by a whistleblower. The defendants in the case were; King Jnr., King and Associates Inc., Marie King, SouthernCare Inc. and William Bill. Those involved in the investigation of the case were the FBI, The US Attorney (Joyce White Vance) and the Department for Health and Human Services in the United States.
According to the article, “Civil Healthcare Fraud Allegations Settled for $ 1.4 Million”, the manager of King and Associates, Inc. was Marie King. She was a registered nurse and had the duty of directing ...

Online identity theft

Online identity theft occurs when an unauthorized party acquires personal identifying data about someone such as credit card or bank account information through the internet and uses such information to commit fraud or other criminal activities. Factors that promotes online identity theft can be political, economic, social or technological in nature (Hedayati, 2012). Political factors include instability and civil wars that cause massive illegal immigration to other countries where immigrants steal identities in order to secure employment. Economic factors include unemployment and poverty that force people to engage in criminal acts. Social factors include the uninhibited communication within social ...

Risky Situations

Note three types of sensitive information involved with each situation. Then, note three ways each information item could be misused or harmed. For each of these, note at least one likely finding that you would include in a risk analysis report of the organization. Finally, answer the questions at the end of the table.

Situation 1 – Online Banking System

Information Affected
Potential Harm (Risk)
Likely Finding in Risk Analysis Report
Customer details

Unauthorized access
Terminal unauthorized access to customer account information and details.

Alteration of customer details
Hackers gained unauthorized access and altered customer details and information

Copying of customer ...

Executive summary

In recent years, the issue of corporate governance and ethics has grabbed attention in the light of corporate scandals that have reported since the Enron scandal. Scandals emerge is environment where corporate governance is weak (Knell, 2006 pg 162). These unethical practices start at the accounting department or elsewhere but covered up during preparation of the accounting records of the company (Knell, 2006 pg 165). The possibility of fraud in accounts poses the single most corporate risk. This report will explore Classic Hotels Inc, its structure, internal and external environment and finally zero in on accounting systems and controls ...

Introduction and company background

Formed in 1824 by Peter Degraves, Cascade Brewery stands out as one of the oldest companies located in Australia. The company is specifically located in Hobart, Tasmania. Peter Degraves was an entrepreneur who had moved to Australia as an immigrant following the crises that were facing England during the era. He started Cascade Brewery on his own property but the company later flourished and possession was granted to the Foster's Group that currently runs it. Remarkably, the company majors in production of apple cider, homebrew, beers, as well as non-alcoholic beverages such as blackcurrant syrup, apple juice, and carbonated ...

Introduction

Quality Audit refers to examination of quality system of a company or organization by an internal or external quality auditor or an audit team. It is an important process as it tests the quality work of an organization. Audit should be done as per the provisions of ISO 9001.It is done in order to check the frauds in a company or an organization. Quality audit is done at predefined time in time intervals either at the quarter of the year, at the mid of the year or yearly. It is done in order to ensure whether the company or institution has ...

KPMG-the largest tax-fraud case in U.S. history
The charges against KPMG under the deferred prosecution agreement were based on the premise the organization was helping the rich clients to evade taxes. The tax evaded amounts $2.5 Billion, but they agreed to pay $456 million in penalties. KPMG and the government got into an agreement whereby complying with the terms agreed upon it will not face criminal charges. In the year 2005, the nine parties involved in the multi-billion tax fraud were. The individuals include; Jeffrey Stein, former Deputy Chairman; KPMG, the former tax services Vice Chairman John Lanning, ...

Article Analysis

Millennium Laboratories’ case is a complex investigation conducted in tribunals for two charges, different, but linked in the same time. The company was sued by former employees for misconduct and intimidation, but is also facing a health care fraud allegation. The journalistic analysis conducted by Duff Wilson in a Reuters material reflected the case somehow biased, accusing the company, and this because there is little reference to how Millennium defended its case. Nonetheless, this situation can be explained, because the company has declined to comment on the allegations or on the various accusations for mistreatment, intimidation or bribery, which indicates that the ...

ETHICAL AND LEGAL ISSUES

i)
Bernard Lawrence Madoff was a well known and respected entrepreneur, investor and stockbroker. He also was the non-executive chairman of NASDAQ up until the uncovering of his fraudulent activities that he had carried out since the early 1990s. Madoff established his investment firm in 1960 with which he used his influence and trust to con people of their hard earned money promising a good return on their investments at a better rate than the prevailing stock market and bank rates. However this was a huge scam, what is known as a Ponzi scheme. A Ponzi scheme is a type of securities fraud where the ...

easyJet Plc’s Governance Disclosures: A Critical Evaluation
1. Introduction
The concept of corporate governance has gained considerable significance since the collapse of a series of corporate giants including banks worldwide followed by the global financial crisis 2008-09. The global financial crisis led to huge financial losses and massive job cuts across the globe, particularly in United States and United Kingdom. Official investigations following the crisis revealed that accounting fraud and other top management malpractices contributed notably to high-profile corporate scandals. In response to these reports, the UK government designed and enacted the UK Corporate Governance Code that specifies ...

Introduction

Walmart is a popular retail store operating on several continents. Its head office is in Bentonville. The company has adopted a business model of selling a variety of consumer products at a low price to grow its market. Unlike its competitors the company does not charge suppliers any slotting fee, however, it provides incentives to store managers so that they can stock fast moving goods. The company operates supermarkets, hypermarkets, cash and carry stores, restaurants, apparel stores, digital retail, warehouse clubs, and specialty electronics. I had the opportunity to interact with my cousin who works for the company. In ...

Intel Corporation

In this paper, I use the annual report for Intel Corporation for the year ended 31st December, 2014 to answer the said questions.

Relevant information revealed by the income statement

The income statement for Intel gives valuable information on the total revenue for the company in the last three years. Total revenue is important since it directly determines the net profit and the profitability of the company. In the year ended December 2014, Intel total revenue was $55,870 million. In 2013, the company’s total revenue was $52,708 million while in 2012; the figure was $53,341 million. This information is important in determining ...

Arson is the crime that involves setting fires to buildings, vehicles, forest or wild land areas, or peoples’ other properties either intentionally or with deep-seated malice (Swanson et al, 2012, p. 510). A person who engages in such a malicious act is called an arsonist, and their intention is normally to damage property. It is distinguishable from other causes of fire such accidental electric fires on buildings or natural wildfires that erupt in forested areas due natural causes. The main differentiating aspect of arson is that, a person deliberately sets fires on property owned by others to destroy it, or owner ...

Political factors

Political factors are federal government regulations and policies. Tesco is a renowned company operating worldwide, which means that global political factor greatly affects the company (Mutunga, 2014, p. 3). These factors include acts of legislation, tax rates band stability of the country the company operates. a company’s performance company is commonly affected by legislative and political conditions of the countries it operates. It means that employment policies in different countries affect the manner in which Tesco recruits its work force, an aspect that affects the overall performance of the company. Nevertheless, the employment policies in UK is extremely flexible, and ...

Introduction 3

Advantages, Disadvantages and Incorporation Consequences 4
General Partnership 4
Control 5
External Liability 5
Fiduciary Duty 6
Duty of Care 7
The Equality Act 2010 (EA 2010) 8
The Employer’s duty 8
Potential Consequences 8
Unlawful Behavior 8
Objective Justification 9
Health and Disability 9
Decision Pertaining to Vacations 9
Vacations for sickness 10
Conclusion 11

References 12

Introduction
There were numerous situations that developed an unincorporated business structure a highly practical driver for a given business entity. Usually, the reflection of tax was highly momentous. Additionally, ...

http://www.npr.org/blogs/money/2014/03/06/286861541/does-raising-the-minimum-wage-kill-jobs
This article is a reaction to the move by the president to increase the minimum wage. The gist or the author’s argument is that increasing the minimum wage with cause employers to retrench and cut jobs. The author presents the evidence in an argumentative manner. Studies from a congressional budget office show that an increase in the minimum wage would result in a loss of over 500000 jobs. On the other hand it would increase hourly wages for over 16 million people.
http://www.npr.org/blogs/money/2014/03/21/292385791/the-numbers-are-getting-better-the-people-are-getting-worse
This article reviews citizen apathy to the situation in Greece. After the financial turmoil ...

Report on Current Trends in Information Security

The internet is termed as a revolutionary change in respect with the technological and societal changes it has brought about. The ease of access and exchange of information has become a phenomenon that is replacing old concepts. Companies are outsourcing their services to companies located overseas through the internet. The place and time of working has been greatly impacted by the internet. People work from the comfort of their homes at any time of day and night possible through internet connectivity.
Through seamless exchange of information over the internet, security concerns have been raised. The three major information security areas ...

EXECUTIVE SUMMARY

With constant changes in the environment, organizations are forced to expand their market. In order to do so, organizations have relied upon the use of entry strategy. Nokia is one of the organizations that have focused on using only joint venture as an entry strategy. Using joint venture does have many benefits and advantages associated with it but the limitations and challenges are far more advanced. Due to such reasons, only focusing on joint ventures could enhance the risks for the organizations in the market.

INTRODUCTION

Joint venture is one of the most prominent market-entry strategy that both national and ...

Introduction

Nike Inc is a corporation that was founded on Jan 25, 1964 in the county of Washington. It is a corporation that was founded in the United States of America by a Phil Knight. At the time of its inception Phil was a track athlete at University of Oregon. The company commenced operations as a distributor of shoes for a Japanese company. Original the organisation started operating under the brand Blue Ribbon Sports which was later changed to Nike Inc, on May 30th, 1978. The name Nike originates from the Greek goddess of victory. Presently the company specialises in the production of sports equipment and ...

The board of directors should always act in the interest of shareholders. This is because there is an agency relationship between shareholders and the board of directors. Common law providers that, the resulting agency relationship between the shareholders and board of directors makes directors to have fiduciary duty which ensures all directors’ actions are for the interest of the principal (shareholders). Insider trading is buying and selling of securities while having non public material information about the securities. It also includes tipping secret information about securities to a person who uses such information to have an upper hand in stock ...

Tourism, hospitality management sectors are interlinked to each other to some extent and it is argued that Tourism, hospitality management are interrelated and have many cross-relationship to cover the entire sector together. Tourism and hospitality are closely related but not mutually exclusive; as hospitality is the least concerned with providing the needs of tourists. The definitions of hospitality and tourism field falls under “travel and tourism”. It is sensible to study the linked sectors together in detail on strategy and operation level. This research describes and demonstrates the close interaction between the tourism and hospitality; and flexibility of the ...

The world of finance and accounting is ever and continuously growing. This is thanks to the solid trend of globalization or the interconnectivity of countries and the number of people who are becoming more financially proficient. In this paper, the author argues why the world needs a universally accepted accounting theory. In the most basic sense, accounting theories are sets of principles or frameworks used to study and explain the application of numerous financial concepts. There are, of course, mainstream and alternative theories of accounting. The importance of accounting theories can be emphasized in the process of financial reporting— ...

INTRODUCTION

There are several advantages of doing an analysis of a business before taking the business online. The first and foremost is to verify that the business is one that is suitable for online sales. A SWOT (Strengths, Weaknesses, Opportunity, Threats) analysis will give a good indication of the fit for the products in that market environment.

Advantages versus disadvantages

A SWOT analysis takes time and money to perform. Some entrepreneurs are not capable of doing the analysis on their own so they have to pay for a consultant. If the owner is familiar and does not have the time to dedicate the ...

Netsky and Sasser Worms

The earlier versions of the Windows operating contained several network-based vulnerabilities. On many occasions in the 2000s malicious scripting programs commonly known as worms exploited these vulnerabilities. The most prolific of these worms were Netsky and Sasser Worms. Although these worms were differently functioned, their basic structure was the same. Evidently, both worms shared the same creator in Sven Jaschan. The Netsky worm’s distribution depended on email communications. It was an attachment will be active if opened. Once opened, it would search all the email addresses and dispatch copies of itself to all the addresses. The damage was ...

Sarbanes-Oxley Act was enacted in the year 2002 in response to financial malpractices among the corporations in the United States of America. The Act led to significant changes in corporate governance and financial practices as a way of reducing frauds prevalent in the financial sector. There were a myriad of factors that interacted to form a culture and suitable conditions, which led to a series of corporate frauds between the year 2000 and 2002. These factors were closely analyzed, and their root causes necessitated the enactment of Sarbanes-Oxley Act in 2002. This paper analyses the pre-Sarbanes-Oxley Act and post- Sarbanes-Oxley Act to analyze ...

According to the Federal Trade Commission, the test for unfairness assumes a tripartite approach. Three critical aspects are considered in analysis whether a practise is unfair or not. The paper shall briefly examine the three steps of analysis. Foremost, the substance of the injury is examined. The injury must be substantial in a way as to cause economic, social safety and or a health damage. According to this test, the harm occasioned by the conduct of the market player needs to be substantial enough to occasion an injury to the consumers and that injury must to be against public policy. Secondly, the test ...

BODY4

Methodology.4
Literature review5
Importance of Network Safety to Business5
Attacks to Beware and Stay Alert to..6

Businesses Largely Preferred by Cyber Criminals.7

Damage and Fiscal Losses as a Reason to Consider Network Security worth Adopting10
CONCLUSIONS AND RECOMMENDATIONS FOR COMPANIES TO CONSIDER AND THAT IMMEDIATELY.12
REFERENCES14
Introductory Remarks
Besides its heavily advertised advantage of connecting people, the internet does connect criminals to them. Recent decades have seen numerous internet-associated gadgets, systems, and services emerge like email, smartphones, computers, social media, websites, and cloud-based services actively applied in the business environment these days. Unfortunately to all, there have always been ...

International Litigation and Arbitration

International Litigation and Arbitration

Issue

The first fact of taking on account is that the Texas Oil and Gas exploration Company “Hercules” received investment from Mr. Shi Pei Poo who is an accountant in the Beijing affiliate of Touche Ross and from additional investors from Germany, Libya and Iran through a Company called MFM, which is secretly controlled by the Arabian Oil and Gas Company which is owned by Dr. Kaled Al –Naif, to form, capitalize and operate two oil and gas companies MPE and TKC, to make explorations in order to find Natural Gas in Gulf of Mexico and in ...

Facts

Azur instituted a case against chase bank for acting contrary to the provisions of sections 1643 and 1666 of the United States and Varnek his ``personal assistant” .Chase bank failed to notice the fraudulent acts Varnek who acted as his assistant since 2007.In her capacity as the ``personal assistant” Varnek opened accounts on behalf of Azur, made purchases on his behalf and had access to his ``personal bills”
Varnek in the year 1999 started forging the signature of Azur so as to withdraw money from his account. A times, Varnek would purchase items online and use Azur’s account ...

Final Project: Cold Case Arrest Warrant Report

Final Project: Cold Case Arrest Warrant Report
This report represents an outline of a homicide investigation. The first section presents the action plan for solving the case. The report also provides a summary of the homicide, armed robbery, and witness statements, and a briefing of evidence and forensic reports. Additionally, it describes the criteria for decision-making and determination of facts regarding the homicide. The report indicates what the investigating officer concludes about the case, in an attempt to obtain an arrest warrant for the suspect.

First, I will manage all evidence collected from the crime scene effectively. Effective evidence management of ...

EVERYWHERE BUT HERE

Currently the major form of plastic money in use in the United States of America is the mega strip card. This is despite the fact that the entire world is moving in a whole different direction as far as electronic money transfer is concerned. Most countries are fast adopting the use of EMV cards which are more convenient as they fuse three payment modes into one card for convenience and to lessen the bulk of carrying multiple cards. The initials EMV stand for euro pay, MasterCard and visa. All these three electronic modes of payment are rolled into one, convenient ...

AUTOMATINGCOMPLIANCEWITH FEDERALINFORMATIONSECURITYREQUIREMENTS

SRA strategy for to focus its efforts on federal government departments and agencies within the national security market
SRA International was established in 1976 though as Systems Research and Applications Corporation. Two years later the company initiated its operations while in 1984 a parent company was enacted as SRA International Inc (SRA, 2009). The company had been help publicly since 2004. The company has been successful in its operations where it has been exchanging stocks on the New York Stock Exchange. The headquarters are located in Fairfax, Virginia with over 42 operational offices in fifteen states and the District ...

Letter of Transmittal

[Professor’s Designation]
[Institute Address]
Dear Mr. /Mrs. /Ms. []:
Enclosed herewith please find the requisite formal report on the topic of “Identity theft happening to our children” duly completed in all aspects as per laid down requirements.
[Writer’s Name]

Executive Summary

This report describes a specific type of identity theft which is related to children. This report is organized in such a manner that a brief introduction is followed by various signs of identity theft happening and then a comprehensive discussion about the impacts of identity theft on children. There are three exemplary situations are given ...

Introduction

Computer forensics concerns the technical knowledge necessary for collection, analysis and provision of digital evidence in a court of law. Computer forensic refers to the collection, discovery, and preservation of digital data for use in a court of law for the protection of entities or individuals (Bayuk, 2010). This has been in response to the major increase in electronic crimes since the 1970s, especially in the financial sector.

Computer Anti-Forensics

Anti-forensics are the tools, procedures and techniques that undermine forensic tools and the work of forensic investigation. Anti-forensics aims at disrupting the collection of information, avoiding detection, increasing investigation time and reducing the ...