Fraud Term Papers Samples For Students

1.0 Introduction
Medicare fraud refers to obtaining money from the Medicare system under false pretense. Many Americans cannot afford to pay for health services. As a result, the Social Security Act in 1965 gave rise to Medicare in order to finance diverse forms of medical care for the vast number of Americans who cannot afford medical insurance. Different forms of Medicare fraud have evolved in the recent past but the bottom line for all of the forms is to illegitimately collect money from the Medicare system. Medicare fraud is just a fragment of the much bigger and intricate web of ...

Introduction

Workers' compensation is a state-mandated insurance program providing compensation and medical benefits to employees who have been injured or disabled during the course of work at the place of employment. In exchange for the compensation, the employees need to relinquish their right to sue their employers for negligence or for the damages caused by the injury (CULS, 2014). Workers' compensation laws also provide monetary benefits to the dependents of those workers who have died due to work-related accidents or injuries. Though the workers' compensation programs vary among states and jurisdictions, the common provisions include wage replacement monetary benefits in the ...

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.
...

The auditor shoulders the responsibility of determining any deceptive or erroneous occurrences of the financial dealings of a company during a particular period so as to avoid the organization from misquoting its position in its financial statements for any fraudulent purposes. An auditor thus ensures the conformation of the company’s accounts to the adopted accounting standards and reports on the company’s financial statements and its internal control system. The role of auditors therefore needs to ensure that the final statements of the company are free from any misstatements arising due to either fraud or unintentional errors.
The auditor ...

Introduction:

The act of deception of another human being through the use of electronic mail is known as email fraud. The idea of deceiving people online became effective immediately after the introduction of email as a source of communication. As the curiosity of people increased, so did an obsession of hitting the jackpot of luck through the internet by winning a lottery or by winning a vacation, pretty much an idea of anything that could lure people into believing they have won something precious was brought to use.

In the today’s world email frauds have taken a very different and ...

Accounting fraud is crucial to any company. It can cause a company’s downfall or closure. For the past five years, there have been several companies that were involved in accounting scandal and one of them is Groupon Inc. The said company connects the merchant and the customer to provide goods and services at a discount (Securities and Exchange Commission, 2011). This paper will discuss Groupon’s accounting fraud in 2011 and 2012 and the legal and financial liabilities concerning the Fraud.
A Venturebeat news article dated November 3, 2012 noted various accounting fraud applied in Groupon’s financial statement. ...

Introduction

Computer laws are legal aspects related to issues of copyright, security of information and patent of computers. There are several computer laws but this paper will discuss Computer Fraud and Abuse Act of 1986 and the Florida Criminal Use of Personal Identification Information laws, discussing penalty levels, of each law, whether they are clear and specific and whether the penalty levels are appropriate for law breakers. Lastly, the paper will recommend one law modification to put off the crimes.

Penalty level of Computer laws

According to reported that laws in Computer Fraud and Abuse Act of 1986 are divided into 7 paragraphs with categories ...

CORPORATE CRIME

Corporate crimes are crimes that are caused by corporate bodies or crimes committed by person acting on behalf of corporate bodies. A corporate crime usually includes; corporate corruption, white collar frauds, environmental pollution, insider trading and tax evasion, misleading information to consumers and workers death. In the recent past corporate crimes have became very rampant in our societies, a day hardly pass without a story of investment frauds, corporate corruption and other forms of corporate crime being reported.1 And mainly these crimes are committed by big companies which are financially powerful and therefore the authorities involved fear to take action on ...

Electronic or cyber crime is a criminal activity, committed through the use of information technologies. Economies worldwide, business and individuals are effected by electronic crime increasingly more often every year. According to Internet Crime Complaint Center, in 2008 the number of electronic crimes in the USA has increased from 207 to 275 thousand, and resulted in a total loss of 264.6 million dollars (Limbach, n.d.).

Multiple types of computer crime include cyber theft, cyber terrorism, creation of obscene or offensive content, harassment, drug trafficking, spam, information warfare, phishing scams, spreading computer viruses and malware.

Types of Electronic Crime

Cyber Theft

Computer hackers use ...

Introduction

Revenue recognition is an accounting principle which stipulates the exact time on which revenues from an activity can be recognized in the financial statements of a company. According to this principle, the appropriate time for revenue recognition is when the service has been rendered, as opposed to when the revenue is collected from the client. Explained in practical terms, Trackon ltd, company that sells consumer goods and commits to a transaction in the last month of an accounting year, whereas the revenues are collected in the next accounting period, in the books of account Trackon ltd will record the income in ...

Abstract

Accounting scandals are business scandals that arise following the uncloaking of financial misdeeds by some trusted personnel in corporations. Some of the misdeeds usually involves some complex methods for embezzling, understating, misdirecting money, overstating the value of assets or in other words, underreporting the available liabilities. This is mostly accomplished in collaboration with workers or affiliate in corporations. In companies with public status, this kind of innovative accounting qualifies to fraud whereby investigations and inquiries are commenced by agencies of the government in place. In United States for instance, some of the government oversight agencies that are eligible to ...

The world of multinational corporations has witnessed a myriad of scandals involving its top management. However, no scandal has drawn much attention like the Enron Scandal. In 2001, revelations about the Enron Scandal began to resurface. The scandal involving top level management led to the state of bankruptcy of the firm (Sterling, 2002). Additionally, it contributed to the dissolution of one of its partners, Arthur Andersen, an audit firm. Apart from being one of the biggest scandals in the United States history, the scandal exposed the weaknesses in the audit sector. The paper seeks ...

Introduction

With the advancement of technology, there have emerged other forms of crime. There are new forms of crimes which are undertaken by online perpetrators. Unlike physical crimes, the perpetrators of these crimes are located miles away (Moore, 2010). Virtual crimes take place with the help of computers. They are undertaken with computer networks and computer programs which are malicious. Physical crimes are undertaken without any assisting complex technologies. This paper will focus on the issues that surround the virtual and physical crime and what distinct the two forms of crimes. The paper will further espouse the requirements that are ...

Identity theft is a crime that is characterized by wrongly acquisition and use of another person’s data in deceptive and fraudulent manner typically for economic or other purposes. In the United States, the Department of Defense prosecutes cases of identity theft and fraud. The congress passed Identity Theft and Assumption Deterrence Act which prohibits the use or transfer and without legal authority a means of identification of another person. The transfer of another person’s data should be unknowingly and with the intention to commit, abet or aid unlawful actions that constitutes the violation of the law or constitutes felony. ...

Introduction

Misrepresentation is a civil wrong or a TORT. This refers to any such activity that may end up in a pecuniary loss creating a civil liability. Legal dictionary defines misrepresentation as “An assertion or manifestation by words or conduct that is not in accord with the facts.”Legal misrepresentation occurs when an individual manifests by words or via other means, something that is false in accordance with the facts which the circumstances provide. It is a statement and not opinion, made by the seller prior the contract is made.
If the purchaser decides to go for the contract relying on the statement provided ...

PART I

Forward contract: This is a type of a derivative contract that involves an agreement between parties on the rate of interest that will be applicable to specified national loans or deposits within a specified time period. The aim of this is to offer the borrower protection against the uncertainty that may result from unexpected rise in the interest rates. For instance, farmers face a significant price risk resulting from the fact that they do not know the price their products will sell at come the harvest time (Melnikov, 1999). The uncertainty resulting experienced in the farming sector may be as a result of the ...

On Whistleblowing and Corporate Ethics

The act of disclosing information about misconduct in the workplace which they feel,
violates the law of the land or endangers the welfare of the public or is tantamount to fraud and deception of the stakeholders etc. by either an employee of the organization having access to the information held back is called whistleblowing; the perpetrator being the whistleblower.(Wines, n.d.). The recent controversial revelations made against the federal government controlled NSA’s surveillance on friendly countries and even on the American Public by Edward Snowden is an example of whistleblowing, Snowden being the whistleblower here. A whistleblower ...

Arguably, advancement of technology has affected the world in various ways. It is worth noting that e-commerce has made the global business activities very dynamic. As a matter of fact, the new technologies continue to shape the e-commerce and other various activities in the world. Electronic commerce is one of the common ways of undertaking business transactions today. The impacts of electronic commerce are far much reaching, and continue to cause changes in the world of business. The e-commerce is a realistic business experience and a crucial aspect of modernization and globalization. The business world is becoming very competitive, and for this ...

SWOT Analysis of an Online Business

The name of the company is Jordaz and it is located at Jersey Shore Broadwalk. It is a small clothing store, which is planning to go online and engage in e-commerce. The concept of going online can be supported by performing a SWOT analysis and identifying the strengths, opportunities, weaknesses and threats.

Strengths- An e- commerce website is a unique factor for company that differentiates it from competitors.

- It provides a wider range of products and customer support along with better terms and conditions.
- The quicker way of shopping and cheaper products will further increase company’s strengths.
- The operational costs are also lower as compared to physical business.
- 24-7 shopping ...

Overview of the Company

In 1844, Henry Lehman, a German immigrant resettled in the United States of America. The 23-year old immigrant decided to make Montgomery, Alabama his home where he ended up opening a general store that was then referred to as “H. Lehman.” Three years later, in 1847, Henry was joined by his younger brother, Emanuel Lehman, and henceforth the store changed its name to “H. Lehman and Bro.” The youngest of the Lehman Brothers, Mayer Lehman, joined his two elder siblings in 1850 and together the three Brothers founded what was until 2008 referred to as the Lehman Brothers (LEH). From its ...

Overview

The company upon which this market analysis is based is Estee Lauder Cosmetics INC. The history of Estee Lauder Cosmetics INC. can be traced back to 1946 when the company began operations. The founder of the cosmetics company was Estee Lauder. The premise upon which the company was founded was that there is an inherent beauty in every woman. The company has added more products its product line as a mark of its continued growth over the many decades the company has been in operation (Estee Lauder Cosmetics INC., 2016).
Over the seven decades in which the company has ...

The “Ponzi Scheme”, a scheme named after swindler Charles Ponzi, is a situation where earlier investors are paid using the funds given by the money brought by new investors. In a Ponzi scheme, there are very few physical assets or even very few financial investors come on board to invest. The end of a Ponzi scheme begins to manifest itself once the owner cannot keep up with the required payments. For this case, Bernie’s Ponzi scheme come out as one of the infamous deed that could be discussed further.

Bernie’s Ponzi scheme

Bernie Madoff was born on 29th April 1938. Bernie ...

Corruption

The definition of corruption is the misuse of public power for private profits. We can see this occurrence in large firms or enterprises. We can also see this in most of the activities regulated by the government. To speak more about corruption, it is scanning off money for their own profits. We can see these conditions where organisation don’t work properly because of which normal people have to money for their problems to be solved. Corruption stages will differ among a country side for various sorts. For example, there can also be minoroutstanding corruption during a country with a comparatively clean ...

Dell is one of the largest companies in the computer and technology industry. It was established by Michael Dell, and currently it operates as a public limited company. According to a requirement by SECP (Securities and Exchange Commission) all companies including Dell have to file 10-K report at the end of every fiscal year. This reports contains financial records, and a statement regarding the internal controls are procedures that are present in the company.
There is an audit committee for the company that looks that all the legal and financial matters of the companies are in compliance with the instructions issued ...

Introduction

There exist about 33,000 violent gangs among street gangs, motorcycle gangs, and prison gangs a population of members active in committing criminal acts. Most of them are sophisticated and properly organized. They employ violence to control their territories and make robust their money making activities that far include; robbery, fraud, drug and gun trafficking, prostitution rings, and extortion (Barker, 2007).
A report released by the National Gang Threat Assessment in 2011, shows that gangs are responsible for an average of 48% of criminal activities and up to a high of 90% in other jurisdiction. There are a number of motorcycles ...

Executive Summary

This paper is aimed at discussing the Housing Crisis in the USA during year 2007 and it’s after effects. This paper starts with a brief introduction of the topic and then proceeds to the causes which lead to the housing crisis in USA during year 2007. After discussing the causes of the crisis, the early stages of the crises are briefly described which is followed by the actual development of the crisis. The effects of the crisis on US economy are mentioned afterwards which is followed by a brief conclusion of the paper. This paper has been prepared using several ...

The Sarbanes - Oxley Act of 2002 was passed after the corporate scandals of certain companies such as Enron and WorldCom. The responsibility of the senior management was increased to a higher level. First of all the management are supposed to establish and oversee the implementation of the internal controls of the firm (Strawser, 3). They must accept this responsibility. The acceptance of this responsibility must be disclosed in the financial statements. The management is also expected to disclose whether the internal controls have been effective in the financial reporting process. The Act expects the management to disclose the framework ...

1. Measurement of unemployment usually has a role during the management of an organization. For example, it provides measures of labor in various aspects such as labor supply, labor input and the extent at which the current time of labor and human resources are really utilized. This information can be used by organization’s management to evaluate human resources developments in planning and formulating policies. Unemployment data can be used to effectively understand current trends and all changes in labor markets (Schneider, 2008). This can be used to analyze economic and social aspects with an aim of evaluating macro- economic ...

Introduction

There are certain differences between internal and external financial accounting. Internal financial accounting is also known as managerial accounting. The main differences between the two activities are the users of the financial statements, the types of information, the frequency of preparing the statements and the regulatory oversight of the accounts. The external financial information is a summary of the historical data of the company and it is mandatory for the accountants to prepare these statements. On the other hand internal financial accounting is detailed in nature and tends to be futuristic in terms of projections, budgets and estimations. It is ...