Essays on Fraudster

Introduction

The advent of the Internet has revolutionalized the way companies and individuals conduct business, and have necessitated the proliferation of processes involved in honoring transactions through diversified payment methods. Mobile wallet denotes mobile technology that functions like a real wallet by facilitating online payments and purchases (Amoroso et al., 2012). The ease and convenience of operating a digital wallet have made the platform to attract wide spread interest. This paper is devoted to the usage of mobile wallets, their advantages and possible problems. The number of users with smartphones grows from year to year. In this case, mobile wallets ...

Executive Summary . 3

Background ...4 Objectives..5

Scope .6

Assumptions6 Limitations..7

Procedures performed.8

Findings...9

Source and support documents11

Executive Summary It has become clear over the course of our investigation that there is a fraud perpetrator at Delta Technology, using the purchasing department to create false fluctuation in the stock a provisory supplier, for personal gain. After collecting all the available evidence, there is a clear pattern of abuse, and sufficient evidence for assuming guilt, as will be demonstrated throughout the following report. Based on this information it is clear that action should be taken to terminate the offending perpetrator, and to move to recover what funds possible through cancelation of ...

Conducting fraud inquiry through interviewing a suspected fraudster is a complex process that involves a holistic analysis of various behavioral systems in order to arrive at a productive conclusion. There is no single behavior that is solely used to accurately judge a deceptive behavior. The interview should pay attention to timing and consistency of both verbal and non-verbal clues, which serve as a guide to detecting a deceptive behavior (DePaulo and Wetzel, 2003, p.76). The interviewer should extensively take notes while employing good use of observation and listening skills in order to formulate logical follow up questions after getting ...

Question 1

In order to understand why people commit fraud, many companies use the fraud triangle to analyze the attributes, which make people commit fraud. The importance of the fraud triangle is to understand fraud and its significance demonstrated in the Darren Darren’s case. The explanation of why people commit fraud is examined by the use of fraud triangle. It evaluates the circumstances that make employees violate ethical standards and be involved in the fraud cases. Therefore, fraud triangle joins the perceived pressure, perceived opportunity and rationalization to facilitate fraud. The first required attribute is Incentive, motivation, or pressure ...

Cyber scam is similar to the real life scam, however there is one difference; the cybercriminals use a totally different medium in their path to achieve their goal to deceive others. The cybercriminals can be the hackers, insiders, fraudsters, or the stalkers. The various mediums that are majorly used by the cybercriminals to deceive others are the electronic mail, chat rooms, social networking sites, bulletin boards, newsgroups, and list servs. The number of cyber scams has increased in the recent years due to the easy availability of internet in every corner of the world. The fraudsters can operate in any ...

Business Ethics Antitrust Law

Business Ethics Antitrust Law

Introduction

The antitrust laws aim at ensuring that all businesses in a given market play by the same rules. This is so because businesses in a free market may achieve the near-monopoly status via their own merits such as creating better production processes, offering the best quality service and decreasing costs among others. However, antitrust laws set vivid boundaries for fairness in the business by prohibiting practices that control free trading. It also restrains dominant firms from abusing their market position. The antitrust laws offer regulatory review of business mergers, acquisitions and joint ventures to ensure they do ...

Fraud is an intentional action to do something that is illegal or unethical. It is done to cause damage to the receiving party. Many a times fraud is also done to gain something which could be money or inside information or knowledge. Fraud is a criminal offence. It cannot be justified. Many companies have gone through the fraud and there have been cases where the fraudster has been punished. Revenue fraud is a type of fraud which affects the revenues of a company. It is done to manipulate the accounts and earn profits. Simply overstating or manipulating the revenues can cause a revenue ...

A typical fraudster is a male aged between 36 and 45 years, who is employed by the organization for more than ten years, he is a part of the senior finance position and successfully manages a fraud against his own employers with the help of another perpetrator. There has been an increase of 25% in the cases involving weak internal controls and an exploitation of the same. There are various reasons for an increase in weak internal control which are the tight budgets which force the company to cut on the expenses incurred for internal control, Fraudsters are taking advantage of this ...

The main difference between the two interrelated terms, fraud and abuse is the intent that influences the actions that are termed as fraud or abuse. Fraud connotes the intentional misrepresentation of facts or deception with a view to misleading another for gain while in the full knowledge of the falsity of such misrepresentation. It follows, therefore, that innocent misrepresentation cannot amount to fraud. On the other hand, abuse consists of actions that are inconsistent with the accepted norms and standards in a societal setting. These actions may result in unnecessary expenditures for an organization and may also involve immoral acts on ...

Internet fraud refers to any type of fraud scheme that uses web sites, chat rooms or message boards with aim of carrying out criminal activities such as fraudulent transactions or transit data of fraud to financial institutions. Internet fraud includes spam, spyware, identity theft, phishing and internet banking fraud. This paper looks at the organization internet and analyzes how the organization has been attacked by fraudsters. The two main fraud techniques that the organization has been attacked through are the phishing and identity theft.

Phishing

Phishing is a technique used to gain personal information which will be used for identity theft. ...

Fraud encompasses a range of illegal acts and irregularities whose principal aim is deception. It is specifically used to describe the intentional representation about a material fact believed to be right but it is false. This deceitful practice is knowingly done to deceive and mislead another party in the aim of depriving property or right. Christopher, et. al. (2009) explains fraud as deliberate trickery made in leading persons to believe something that one person knows is wrong and wants others to rely on and in event suffer losses. It is also used to describe the concealing of truth to mislead a party ...