Essays on Embezzlement

One of the considerations that the HR person should have is the individual’s skills and performance. This would address the person’s actual job tasks. The person’s abilities would also be a consideration. The abilities vary from physical, mental and stamina abilities that are required to perform the job effectively. The person’s integrity is also a consideration. The HR ought to be interested in the applicant’s attitudes, honesty, dependability, reliability and trustworthiness especially because they will have high-level access to the company. The HR should focus on the applicant’s likelihood to engage in inappropriate ...

INVESTIGATIVE PROCEDURES

The company can contact the police or the criminal investigation department to carry out thorough investigations into the matter and come up with factual conclusions on the case(Guinn, 2017). Investigations should particularly aim at the warehouse where the embezzlement is allegedly taking place. Moreover, a private detective can be hired by the company in the disguise of an employee in the warehouse whose controller is accused of overriding existing controls so that his embezzlement activity remains undiscovered. A private detective posing as an employee in the warehouse is likely to uncover the incriminating details of the warehouse controller ...

Embezzlement is a deliberate misappropriation of property by a fraudulent individual who is entrusted with the property. The fact that a legitimate office holder orchestrates the fraud makes it difficult to prevent its occurrence effectively. The success to deter such actions calls for a thorough recognition of the contributing factors that empower the embezzling officers, improvement of the control procedures, and a strict implementation of internal financial controls. The fraud triangle explains why people are lured into embezzlement and highlights three contributors of the vice; rationalization, opportunity and motive. This paper will examine the case for Baileys Books Inc. ...

White collar crimes are often opposed to conventional crimes. The result of that opposition is that white collar crimes are said to be not so dangerous to the society as conventional crimes. Therefore, the issue of white collar crime arouses more limited public and formal response. Besides, its coverage in mass media and research is not as frequent as that of conventional crime. The objective of this paper is to compare these two types of crimes and show that the neglect of white collar crime issue can lead to such serious consequences as economic and political crises. People usually ...

Individuals in the public sector are always tasked with the responsibility of ensuring that they account for all the money that is in their possession. However, various unscrupulous members of the public sector tend to carry out their activities in a manner that they are unable to fully account for the assets that have been entrusted to them. The sad part of this type of crime is that the individual acquired the assets via a lawful means and the amount that is duly sent to them, however, they end up using the amount for a purpose that it was ...

White collar crime is the subject that is not widely covered in mass media and is often made public only in cases when it is necessary for some political purposes. However, such little attention to it does not make white collar crime and its consequences less significant and less worth studying. Moreover, modern technologies and the Internet, in particular, have equipped white collar criminals with new and more effective means of achieving their ill-intentioned goals. A click of a button may not only allow criminals to steal millions or billions of dollars in a second, but it can greatly ...

[First Last Name]

[Date Month Year]

The Rights of an Accused in Canonical Penal Procedures

INTRODUCTION: SUU KYI’S LIFE Born in 1945 in Rangoon (now Yangon), Aung San Suu Kyi rose to political power in 2016 as the first state chancellor of Myanmar (formerly Burma) (Baker and Sheridan 1). She grew in a family with parents deeply involved in the politics of mid-twentieth century Burma. Her father, Bogyoke, founded the modern Burmese army in 1947 and negotiated Burmese independence. Her mother, Khin Kyi, was ambassador to India and Nepal in 1960. Kyi graduated in Masters in Politics from the University of Oxford in 1968, after which she ...

Preventing Embezzlement: If You Make It Easy For People to Steal From You, They Will

Summary The aim of this assignment is to review the article “Preventing embezzlement: if you make it easy for people to steal from you, they will” written by Frank. W. Abagnale. The KPMG conducted a survey of 1000 top international firms in the United States and asked them to give ranking to the issues that hurt their organization most. The survey revealed embezzlement as number one crime that hurt organizations most.

Background

The overall paper discusses the prevention measures from fraud and advises organization the ways that can be used to detect fraud. The focus of the paper is on ...

The Industrial Revolution was characterized by the adoption and maintenance of harsh factory rules by the industrial capitalist (Spielvogel 2014, 147). Accordingly, this paper is predicated on the thesis to the effect that there exists a direct causative correlation between the rigorous factory discipline adopted by the industrial capitalists during the industrial revolution and the success of the industries in question. Based on the efficacy or lack thereof of the Factory Rules of the Foundry and Engineering Works of the Royal Oversees Trading Company in Berlin, this paper seeks to evaluate the veracity of the thesis. It has been ...

1.0 Introduction The work of Fishkin (2009) defines deliberate democracy as a school of thought in political theory that emphasizes on the fact that citizens should apply reasonable discussion and debate to reach an ultimate judgement. People exchange arguments and agree on analytical procedures and appropriate action plans that lead to the public good. Fishkin (2009) argues that deliberation is a necessary ingredient in the deliberate democracy. The paper will provide historical view and theoretical foundation of the practice and application of civic participation. The study will also describe how an individual can express the right of public involvement ...

(1.) While the streets, courthouses and jails are the areas and locations that are commonly associated with the workings of the criminal justice system; two less recognized but equally relevant locations are the labs, examination rooms and computers of the criminalist and the criminologist. A criminalist, more popularly known as the forensic scientist, is a person that employs science, technology and expertise to identify, examine, and analyze criminal evidence and present their findings to a range of information consumers (Kaci, 1998). For example, a criminalist’s analysis of evidence at a crime scene can assist police officers in determining ...

Introduction

The misappropriation of assets involves the misuse or theft of the organization’s cash or non-cash assets by the fraudulent organizational leaders or employees. On the other hand, financial statement fraud involves deliberately misstating or omitting information in the financial reports of the organization. These economic crimes have numerous undesirable impacts on the businesses. For instance, the companies, which fall victim to asset misappropriation suffer huge losses. Financial statement fraud and asset misappropriation also undermine the integrity, credibility, transparency, and quality of the process of financial reporting (Vlad, Tulvinschi, and Chiriţă 268). As an outside consultant to Hollate Manufacturing, ...

Upon thorough investigations and hearing of his case, Tyrone Freeman was eventually found guilty. In his ruling, the Federal Judge Collins found Freeman guilty of 14 counts involving embezzlement, theft of assets, filling of wrong tax personal return, mail fraud and misleading a federally insured financial institution. Because of this, he was given a 33-month-jail term and fined a total of $150,000 that he misappropriated from the union and used to fund his relatives’ businesses and spent in Hawaii during his lavish wedding with his Executive Assistant (now wife).

During the sentence, Freeman, as a defendant, got an opportunity to participate. Immediately ...

Statement of the Problem

- There is notable wastage and embezzlement of funds in the organization - The problem is cutting through all the departments . These include the cash office and the supply chain management section. - The embezzlement is a problem as the organization is losing huge chunks of money to greedy officials. - The immediate cause of the embezzlement is lack of proper controls that will ensure that all possible loopholes for embezzlement are sealed. - Lack of professionalism and integrity by the officials entrusted with dealing with the money is also a cause of the problem .

Solution or Plan

- The ...

Creating, describing and explaining the type of fictional public organization

The Paramute is a non-governmental organization in the United States of America that deals with assisting disabled people to lead better lifestyles. The organization was started in 1970 and has a staff of 450 people. It has offices in several States. This is because the organization seeks to provide services to grass-root levels so as to address the issues effectively. The organization depends on donor funding for it to run its operations. Although a young organization, Paramute has intentions to expand its operations to other countries.

The organization has however faced several challenges. Corruption and embezzlement of funds by the top managers ...

Five different types of frauds are:

 Employee embezzlement - Vendor fraud - Customer fraud - Management fraud - Investment scams

Employee embezzlement fraud means that the employee of the firm uses his power or authority to manipulate the assets of the company for personal gain. In this case the victim is the employer or the firm. Employee can steal the assets of the firm which is called direct fraud. In case of indirect fraud, employee can use third party by asking for a bribe or hidden commission from suppliers.

In Vendor fraud, the manufacturing or selling companies charge their customers more ...

If Lee had not been seen taking employees out in a limousine, how else could she have been caught?

If Lee had not been seen taking employees out in a limousine, she would have been caught by the audit of balances. Verification of claims through external sources could easily lead to the detection of fraud in this case. Furthermore, mailing addresses of three doctors were same which could have created the suspicion for the auditor. The investigation of these mailing addresses would lead to Martha’s husband's address from where she could have easily be caught after further investigations. The auditor should investigate the details of doctors to whom the claims were paid by the company. It could ...

Budgeting

- The Make Way Foundation

Why the Funding of the Children’s Summer Expense Project was Overlooked

Fund management is critical especially for non-profit or charity organizations with limited resources, and dependent on private or public donations. Competing priorities could lead to misallocation of funds. In the case of Children’s Summer Expense Project, its omission in the Foundation’s list of priorities could be one of the reasons why funding was insufficient. In many cases, programs to be funded are based on how strong their proponents are in advocating for their cause(s). If a program has no assigned proponent to lobby for its full financial support, it will be disregarded in ...

Scenario One

Sebastian commits this offense when he dishonestly buys business class tickets with the intention to sell them. Evidence of further dishonesty is illustrated by his travelling in economy class while the company records indicate that he travelled in the business class. Though no harm results to the company, the case of Attorney General’s Reference (No.3 of 2003) held that the key determinant in the offense is the conduct, not the results. Accordingly, Sebastian has committed the offense regardless of the outcome of his conduct. However, it may be difficult to prosecute Sebastian; because his official capacity at ...

Scenario One

Sebastian commits this offense when he dishonestly buys business class tickets with the intention to sell them. Evidence of further dishonesty is illustrated by his travelling in economy class while the company records indicate that he travelled in the business class. Even though no harm results to the company from his actions, the case of Attorney General’s Reference (No. 3 of 2003) held that the key determinant in the offense is the conduct, not the results. Accordingly, Sebastian has committed the offense regardless of the outcome of his conduct. It is however imperative to note that it ...

The case clearly shows that there has been theft by Cathy who is an employee in the department. Because the amount is missing and there is a proof of tax receipt, the amount has been misappropriated by Cathy. Studying the scenario it can be concluded that the finance department has been suffering from such thefts since a long time. Cathy has been allotted the finance department which shows lack of internal control and segregation of duties. Only when she was away from work, such information about theft was discovered. The amount would be difficult to estimate. Embezzlement could be occurring ...

Introduction

Every institution must have a budget team to oversee the spending of money. Without this, transparency and accountability will not be promoted. This may lead to embezzlement of funds by the op management, leading the institution t bankruptcy. Institutions that have strong teams to oversee the implementation of the budget have always been successful. His is because they have a strong foundation on which to make progress without limitations. The Massachusetts Institute of Technology (M.I.T) is one such institution which values the importance of accountability and transparency in handling financial matters. Because of this, the institution has always been on the safer side. ...

Introduction

Pragmatically, the deviant behaviour of white-collar criminals provides students of sociology a different exploration of how human nature works in clandestine operations in plain view. Society, at least superficially does not suspect a so-called white-collar individual of criminal behaviour in general, as stereotypes tend to lead people’s thoughts in the direction one way or another. While, the dishevelled, unkempt, anti-social “looking” individual exists as suspect of deviant behaviour by his/her mere appearance including labelled as a criminal in some regards, the white collar individual stands in society appearance wise as an upstanding citizen (Goode 2008).

Historically, the concept of white collar is not so new:

Edwin Sutherland created the concept of ...

There is a notable and prevalent wastage and embezzlement of funds in the organization. The problem cuts across all the departments in the organization but it is most prevalent in the cash office department and the supply chain management section. These two departments are the worst it as there are numerous loopholes in the two sections. The wastage and embezzlement of the cash and cash equivalents in the organization is a problem to the organization as huge chunks of funds are being lost to greedy officials who are in charge of the two sections. The immediate cause of the problem can ...

Introduction

While many certainly agree that white collar crime presents serious legal issues the sociological implications, regarding deviant behavior, is not always obvious. No discussion inspires a proper balance for analysis without a relevant definition of our terms. According to a ‘Sociology’ glossary, published by the McGraw-Hill Higher Education (2014) group deviance is defined as “Behavior that violates the standards of conduct or expectations of a group or society.” The same glossary defines the concept or theory ‘anomie’ as a Durkheim term for “the loss of direction felt in a society when social control of individual behavior has become ineffective” (“Sociology Glossary,” 2014). In an effort ...

The terms ‘white collar crime’ and ‘tax evasion’ have precariously vacillated from the perception or classification of bonafide crime, or non-criminal acts. The slippery slope of tax evasion in relation to white collar crime sustains serious implications, historically and to the present. According to expert sources at Cornell University Law School, the definition of white collar crime is explained by giving an overview of an early incident in 1939, when sociologist Edwin Sutherland “coined” the phrase. Sutherland defined white collar crime as an act involving “crime committed by a person” who is normally tremendously respected in their line of occupation, ...

Introduction

Haiti is a western hemisphere country in the Caribbean, which is located on the western side of the Hispaniola Island. The republic of Haiti gained its independence from the French in 1804. However with all the natural resources endowment and a huge labor base, Haiti is the poorest country in the region with the most unstable government. On 12th January 2010, Haiti was hit by a massive earthquake of a magnitude of 7.0. The earthquake’s death toll was more than 250,000. Most of the residential and commercial buildings were damaged severely or destroyed. The infrastructure was crippled, and the provision of ...

Consumer cancellation rights are universal laws that in existent throughout the world business practices. The law stipulates that, consumer has the legal right to cancel the contract on goods and services when the goods or service does not fit the consumer’s choice and preference. (American Banker 2005).These law is critical in helping the consumer to gain redress without the lengthy and expensive court action. Such consumer law varies from state to state and is applicable in different conditions and situations. A cancellation law enables a consumer to possess a quick and effective means to legal redress. It offers the ...

Assignment 1

Relationship between trust, respectability, risk, and white collar crime, and how the relationship differ when crime involved is conventional, rather than white collar. White collar crimes are in most instances committed by people of high authority, and who command higher respect in societal set up. These people, in most of the occasions come from successful businesses either as owners, managers, or in a senior position able to make command, and decisions regarding the business. Government personnel have also in the recent past been involved in white collar crime, and this trend has been on the increase not only on ...

Introduction

An accounting framework essentially influences the way business entities delineates success. Traditional accounting predominantly concentrates on increasing the shareholder value while also influencing the bottom lines of the business in terms of its finances. However, an growing number of corporations now-a-days, are primarily interested in either the so called “double” or “triple” bottom line accounting. Their focus is not just on measuring the impact their business practices have on the financial bottom line, but also upon the impact their business practices have on their personnel, the societies in which they operate, as well as the environment surrounding them. ...

Yang reports in his publication (Corruption in Asia: China Case) that the Peoples’ Republic of China was ranked position 80 out of 176 countries in the corruption list by the Transparency International in 2012. This ranking placed one of the world’s most significant economies in the same position as three other countries; Serbia, Tobago and Trinidad. By the latest ranking, The Peoples’ Republic of China ranks as more corrupt than most developed countries. China is more corrupt than Burkina Faso, Panama, Jamaica and Peru. The populous country suffers widespread vices related to inequity and misuse of public resources. ...

MS WORD PART 1

This article is intents to highlight the unfolding events around China’s politician Bo Xilai who was sentenced to a life term in prison due to his alleged involvement in grand corruption. The accused was charge on the following counts; abuse of power, bribery and embezzlement having been a former party chief. The downfall of Bo Xilai come a moment when his wife had been convicted for alleged involvement in the murder of a British businessman Neil Heywood. Perhaps, this events are considered the biggest shakeup to have ever occurred to the china’s political elites group. The decision to rule a life ...

Executive summary

In recent years, a lot emphasis has been put on the various types of corporate or white collar crime. This report analyses various methods of preventing white collar crimes. The report discusses various types of white collar crimes and how they are committed. It also illustrates some of the schemes often used to commit these crimes and their consequences. Finally, the report discusses steps that can be used to prevent white collar crimes. Mainly, the purpose of this research is to help employers understand the significance of the global effort to develop more durable businesses. It also illustrates ways of ...

Crisis management plan

The Champions Company Champions Company is a multinational retail company based in New York. This company deals mainly in sale of electronic equipment. This company has four stores within New York and two of them outside the country in Italy and France.

Statement from Management to Employees on crisis management plan

A crisis plan is an elaboration of the necessary steps that should be taken to ensure that a certain crisis or negative outcome or impact does not affect the company or in case it occurs, the necessary steps to follow so as to ensure that the case is dealt with professionally.

Crisis Inventory and Results

In this plan, the first thing to ...

Executive summary

In recent years, a lot emphasis has been put on the various types of corporate or white collar crime. This report analyses various methods of preventing white collar crimes. The report discusses various types of white collar crimes and how they are committed. It also illustrates some of the schemes often used to commit these crimes and their consequences. Finally, the report discusses steps that can be used to prevent white collar crimes. Mainly, the purpose of this research is to help employers understand the significance of the global effort to develop more durable businesses. It also illustrates ways of ...

When the issue of white collar crime is mentioned, many people do not understand what it is or how it affects the society. The legal procedures involved in the white collar crimes are also not very clear, given that the culprits often tend to go scot free even after causing serious damage to the economic structures of the country or countries. Technology has also pushed the rates of the crime to higher levels where it can involve different countries. It is for this reason that this project was carried out so as to bring a deeper and clearer understanding to ...

Q.1. Before providing assessment of the case, whether or not there is a ground for legal action, the main problem has to be determined first to be able to construct a sound judgement. The main issue is that Cotton Limited, which happens to hold 89.5% of Satin Co. Limited's shares is pushing the minority shareholders including Silk to sell their own shares to Cotton Limited. The decision to buy-back the minority shares was made by Satin's board members themselves. Therefore, the idea of making the company a wholly owned subsidiary constitutes validity because the agreement was made by the majority of the ...

The Irish Department of Justice and Equality defines organised crime as “as an element of criminal activity carried out by criminal organizations that have as their main purpose the commission of one or more serious offences in order to obtain, directly or indirectly, financial or other material benefits.” When comparing organized crime to white-collar crime it immediately becomes obvious that these areas of crime over lap. One way that white-collar crime differs from organized crime is the organization itself, which can also involve individuals, companies or very ad hoc groups. . While some of the entities that commit white-collar crime ...

-3: Title VII Violations. Discuss fully whether either of the following actions would constitute a violation of Title VII of the 1964 Civil Rights Act, as amended. 1. Tennington, Inc., is a consulting firm and has ten employees. These employees travel on consulting jobs in seven states. Tennington has an employment record of hiring only white males.

2. Novo Films, Inc., is making a film about Africa and needs to employ approximately one hundred extras for this picture. To hire these extras, Novo advertises in all major newspapers in

Southern California. The ad states that only African Americans need apply.

In this case, since Novo Films, Inc. is intending to make a film ...

Social Security was founded in the early 1930s in America. To be more precise, Social Security Act was signed by President Roosevelt in 1935 as part of the New Deal. To-date, it is one of the largest programmes of the government in the United States. The program is based on the theory that each one generation of the workers that are retiring will be sustained in retirement by those who are still working in the current times. Undeniably, during its introduction, the program showed a great achievement more especially during the era of the Great Depression. Unquestionably, this program was ...