Fraud Essays (Examples)
Study Document
Fraud And Abuse In Healthcare
Fraud and abuse present significant problems for the healthcare sector, leading to both financial losses and reduced quality of care. The outcomes of fraud and abuse are similar; but fraud and abuse are legally differentiated based on motive. According to Magellan Healthcare (2019), fraud is committed with clear intent, whereas abuse “involves actions that are inconsistent with sound fiscal, business or accepted behavioral healthcare practices,” (p. 1). … whereas abuse “involves actions that are inconsistent with sound fiscal, business or accepted behavioral healthcare practices,” (p. 1). Determining intent to differentiate between fraud and abuse can be challenging, which is why healthcare leaders need to treat all forms of waste and deception with equal severity.
Healthcare … and abuse can be challenging, which is why healthcare leaders need to treat all forms of waste and deception with equal severity.
Healthcare fraud is alarmingly common, with major cases resulting in FBI investigations.……
References
References
FBI (2019). Healthcare fraud news. Retrieved from https://www.fbi.gov/investigate/white-collar-crime/health-care-fraud/health-care-fraud-news
“Fraud and Abuse: What’s the Difference?” (2007). The Rheumatologist. 1 Nov, 2007. Retrieved from https://www.the-rheumatologist.org/article/fraud-and-abuse-whats-the-difference/
Magellan Healthcare (2019). Fraud, waste, and abuse. Retrieved from https://www.magellanprovider.com/education/fraud-waste-and-abuse/fraud-waste-abuse-faqs.aspx
Study Document
Volkswagen Emissions Fraud
… role – and had been one of its driving forces during implementation. Further, he continued the practice, and was eventually brought up on fraud charges in the US as a result (Smith, 2018).
The first bias was likely the decision between duty – duty to shareholders to … moral hazard in hiring Winterkorn to the top job (Cook, 2008). Therefore, the company had the opportunity to reduce the risk of such fraud by removing much of the moral hazard concerned with equity-based compensation and the misalignment of corporate goals and executive goals. This is done … much higher. This is why in the Untied States, the Sarbanes-Oxley Act build into its structure prison terms for senior executives engaged in fraud, as a means of balancing out the moral hazard associated with equity-based compensation.
Conclusion
The Volkswagen emissions fraud was the result of moral hazard, which in turn was created……
References
References
Ganti, A. (2019) Rationcal choice theory. Investopedia. Retrieved January 18, 2020 from https://www.investopedia.com/terms/r/rational-choice-theory.asp
Palmiter, A. (no date). Corporate governance as moral psychology. In possession of the author.
Parloff, R. (2018) How VW paid $25 billion for dieselgate – and got off easy. Business Ethics. Retrieved January 18, 2020 from https://business-ethics.com/2018/02/08/1638-how-vw-paid-25-billion-for-dieselgate-and-got-off-easy/
Smith, A. (2018) Volkswagen ex-CEO charged with fraud in diesel emissions scandal. CNN. Retrieved January 18, 2020 from https://money.cnn.com/2018/05/03/news/companies/winterkorn-vw-diesel-scandal/index.html
Study Document
Net Worth Theory And Corporate Fraud
… trillion dollars flowed is a prime example of a situation in which the net worth method could be applied to investigate this corporate fraud.
As Schwab (1961) states, the net worth theory rests upon the idea that if one’s net increase exceeds the income reported, the corporation ……
References
References
IRS. (2017). Retrieved from https://www.irs.gov/irm/part9/irm_09-005-009
Madlinger, J. (2006). Money laundering: A guide for criminal investigators. CRC Press.
Milne, R. & Winter, D. (2018). Danske: anatomy of a money laundering scandal. Retrieved from https://www.ft.com/content/519ad6ae-bcd8-11e8-94b2-17176fbf93f5
Schwab, R. D. (1961). The Civil Aspects of the Net Worth Method. Wm. & Mary L. Rev., 3, 65.
Study Document
Banking Industry Crimes
Financial Crimes, Fraud, and Investigation
The banking sector is a critical part of a country’s economy. This is more so the case given that it is … U.S. economy. Criminal elements have, however, always found a way of manipulating the system to engage in theft, embezzlement, or other forms of fraud. The said criminal elements could either be employees of the firm, business collaborators, or outsiders working alone or in cahoots with bank employees.
… involving banks could be inclusive of, but they are not limited to; information and identity theft, insider trading, money laundering, electronic crime, and fraud. These could be perpetrated by both employees and their collaborators as well as by outsiders. From a micro perspective, good examples of insider … collaborators as well as by outsiders. From a micro perspective, good examples of insider (or insider-perpetrated) bank crimes are inclusive of general ledger fraud, account takeover, and……
References
References
Albrecht, W.S., Albrecht, C.C., Albrecht, C.O. & Zimbelman, M.F. (2008). Fraud Examination (3rd ed.). Mason, OH: Cengage Learning.
Dionne, B. (2020). Regions Bank Teller Accused of Stealing Customer Identities Faces Felony Charges. Retrieved https://www.wbrc.com/2020/01/30/regions-bank-teller-accused-stealing-customer-identities-facing-felony-charges/
Golden, T.W., Skalak, S.L. & Clayton, M.M. (2006). A Guide to Forensic Accounting Investigation. Hoboken, NJ: John Wiley & Sons.
Krancher, M., Riley, R. & Wells, T.J. (2010). Forensic Accounting and Fraud Examination. Hoboken, NJ: John Wiley & Sons.
Singleton, T.W., Singleton, A.J. & Bologna, R.J. (2006). Fraud Auditing and Forensic Accounting (3rd ed.). Hoboken, NJ: John Wiley & Sons.
Zagaris, B. (2010). International White Collar Crime: Cases and Materials. New York, NY: Cambridge University Press.
Study Document
White Collar Criminal
Lifestyle Red Flags of Fraud Perpetrators
Introduction
As the Association of Certified Fraud Examiners (2010) points out, the average fraud perpetrator has—like David L. Miller—no prior fraud convictions. The offender is typically in the 30 to 45 years age range and is more likely to be male than female. Both … more likely to be male than female. Both of these characteristic profile traits fit Miller to a “t”. Moreover, four out of five fraud perpetrators are likely to work in the accounting department of an organization, again just like David L. Miller. And as the perpetrator ages … the accounting department of an organization, again just like David L. Miller. And as the perpetrator ages so too does the level of fraud increase in terms of losses (Association of Certified Fraud Examiners, 2010)—again just like with the case of David L. Miller. This paper will analyze the case of……
References
References
Association of Certified Fraud Examiners. (2010). Who is Most Likely to Commit Fraud at Your Company? Retrieved from https://www.acfe.com/press-release.aspx?id=1677
Friedrichs, D. (2009). Trusted Criminals: White Collar Crime In Contemporary Society. Cengage Learning.
US Attorney’s Office. (2019). Attorney Convicted of Embezzling Over $1.5 Million from Virginia Senator, Canadian Business, and Autism Organization. Retrieved from https://www.justice.gov/usao-edva/pr/attorney-convicted-embezzling-over-15-million-virginia-senator-canadian-business-and-0
Study Document
Security Of Computers Data
… at supporting the law enforcement agencies in the collection and examination of digital evidence. The cases handled by the RCFL include Child pornography, fraud, terrorism,…[break]…Bureau of Investigation (July 2, 2019) when a person called the advertised number, they would be directed to one of the corrupt doctors ……
References
References
Federal Bureau of Investigation. (July 2, 2019). Workers’ Compensation Fraud. https://www.fbi.gov/news/stories/workers-compensation-fraud-conspirators-sentenced-070219
Kentucky RCFL. (June 6, 2013 ). Louisville Man Guilty of Harboring 20,000 Images of Child Pornography. https://www.rcfl.gov/kentucky/news
Regional Computer Forensic Laboratory. (n.d.). About the RCFL. Retrieved from https://www.rcfl.gov/about
Study Document
Rationale Behind Passage Of The Sarbanes Oxley Act
… If jail time is off the table for executives, that would be an odd choice. Sarbanes Oxley creates disincentives for esecutives to commit fraud, such as in Enron. The point of SOX was really to add extra regulatory teeth, added punishments for executives committing fraud, under the knowledge that most major fraud is committed with the approval of executives, or driven by them. Folks lower down don’t have the access, nor the equity-based compensation packages, … of executives, or driven by them. Folks lower down don’t have the access, nor the equity-based compensation packages, that would motivate or facilitate fraud without senior executive knowledge or initiation. As such, a law that takes jail time off the table would be pointless, as the incentives … knowledge or initiation. As such, a law that takes jail time off the table would be pointless, as the incentives to commit accounting fraud are……
References
References
Jones, H. (2020) UK watchdog backs tougher Sarbanes-Oxley style rules for top companies. CNBC. Retrieved May 4, 2020 from https://www.cnbc.com/2020/03/09/reuters-america-uk-watchdog-backs-tougher-sarbanes-oxley-style-rules-for-top-companies.html
Study Document
Cyber Crime IT Security Auditing
Abstract
Cybercrime, data breaches, and fraud represent evils that significantly threaten businesses. Companies have, in the past, lost much to these crimes and, hence, must come up with plans … to research on the subject, IT security auditing constitutes a significant step in the safeguarding of corporate data against cybercrime, data breaches, and fraud. It must be performed from time to time in the form of a methodical analysis by an outside specialist on compliance, for identifying … following major kinds of information technology risks: availability, security, compliance, and performance risks. Security risks constitute accessing data without permission, including information leakage, fraud, endpoint security, and data privacy. This class also encompasses broad threats from external sources (e.g., viruses), and more focused attacks on particular users, … the reason for its occurrence").
The goal of user access control security is the optimization of productive computing time, guaranteeing data confidentiality, mitigating fraud……
References
References
Almatari, O. and Helal, I., and Mazen, S., and El Hennawy, S. (2018). \\\\\\"Cybersecurity Tools for IS Auditing.\\\\\\" The 6th International Conference on Enterprise Systems, At Limassol, Cyprus 10.1109/ES.2018.00040.
Davis, W. S., & Yen, D. C. (Eds.). (2019). The information system consultant\\\\\\'s handbook: Systems analysis and design. CRC press.
Diamantopoulou, V., Tsohou, A., & Karyda, M. (2019). From ISO/IEC 27002: 2013 Information Security Controls to Personal Data Protection Controls: Guidelines for GDPR Compliance. In Computer Security (pp. 238-257). Springer, Cham.
Khan, M. (2017). Computer security in the human life. International Journal of Computer Science and Engineering (IJCSE), 6(1), 35-42.
Lenghel, R. D., & Vlad, M. P. (2017). INFORMATION SYSTEMS AUDITING. Quaestus, (11), 178.
Manaseer, S., & Alawneh, A. (2019). ON CYBERSECURITY AUDITING AWARENESS: CASE OF INFORMATION AND COMMUNICATION TECHNOLOGY SECTOR. International Journal of Computer Science and Information Security (IJCSIS), 17(7).
Suduc, A. M., Bîzoi, M., & Filip, F. G. (2010). Audit for information systems security. Informatica Economica, 14(1), 43.
Study Document
Shareholder Vs Stakeholder Theory
… stakeholder theory needs to be pursued instead of shareholder theory, and it will explain why starting with Friedman’s own words.
Without Deception or Fraud
Friedman believed that if a corporation is doing right by shareholders, the rest will take care of itself. The problem is that times … by the Securities and Exchange Commission (SEC) (Reda, 2018). That is significant because Friedman qualified his statement with the words “without deception or fraud.” The reason corporate share buybacks were illegal prior to 1982 was precisely because it was viewed as a form of market manipulation—corporations propping … precisely the problems of what happens when corporations stop acting ethically. They become destroyers rather than supporters of communities. When they engage in fraud and deception they undermine their own sustainability, which is exactly what one is likely to see in the long run with companies like ……
References
References
Augustine. (n.d.). Commentaries on Sermon on the Mount. http://www.newadvent.org/fathers/16011.htm
Chen, J. (2019). Market Milestones as the Bull Market Turns 10. Retrieved from https://www.investopedia.com/market-milestones-as-the-bull-market-turns-10-4588903
Egan, M. (2018). Tax cut triggers $437 billion explosion of stock buybacks. Retrieved from https://money.cnn.com/2018/07/10/investing/stock-buybacks-record-tax-cuts/index.html
Henrich, S. (2019). Unholy alliance. Retrieved from https://northmantrader.com/2019/11/30/unholy-alliance/
Laux, C., & Leuz, C. (2010). Did fair-value accounting contribute to the financial crisis?. Journal of economic perspectives, 24(1), 93-118.
Light, L. (2019). More than Half of All Stock Buybacks are Now Financed by Debt. Here’s Why That’s a Problem. Retrieved from https://fortune.com/2019/08/20/stock-buybacks-debt-financed/
Mullen, C. (2019). People want to buy \\\\\\'local\\\\\\' food, but they\\\\\\'re not sure what it means. Retrieved from https://www.bizjournals.com/bizwomen/news/latest-news/2019/05/people-want-to-buy-local-food-but-theyre-not-sure.html?page=all
Putka, G. (2019). Insiders are selling. Retrieved from https://www.washingtonpost.com/business/economy/company-insiders-are-selling-stock-during-buyback-programs-and-making-additional-profits-when-stock-prices-jump-and-its-legal/2019/11/06/fc592f58-e493-11e9-a331-2df12d56a80b_story.html
Study Document
White Collar Crime And The Department Of Education
… is improving America’s schools through its Education policies. The reality is that there are many stakeholders who are complicit in this crime of fraud and what amounts to bribery on the part of the US government: it promises federal money to states if they will show that … Without jobs growing in the US, the economy becomes dependent on dollars printed by the Federal Reserve, which is just another act of fraud that goes unpunished because it is all part of the same system of organizational crime. Society as a whole becomes used to this … unpunished because it is all part of the same system of organizational crime. Society as a whole becomes used to this type of fraud and deceit and accepts it as the way things go. Yet as they see the value of their dollar declining as housing rates … Wall Street to the election……
References
References
Edelman, S. (2015). School ‘retaliates’ against disabled teacher for criticizing principal. Retrieved from https://nypost.com/2015/11/01/school-retaliates-against-disabled-teacher-for-criticizing-principal/
Gonen, Y., Edelman, S. & Golding, B. (2015). City finally decides to probe rampant grade-fixing. Retrieved from https://nypost.com/2015/08/03/city-finally-decides-to-probe-rampant-grade-fixing/
Granata, K. (2015). Queens Community Demands Removal of High School Principal. Retrieved from https://www.educationworld.com/a_news/queens-community-demand-removal-high-school-principal
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