Fraud Essays

Fraud

In reading our textbook it reveals relevant facts that fraud invalidates a contract. “The existence of fraud disrupts the honesty of the unknowingly person’s permission/agreement to a contract. When a person unknowingly goes into a terms of a contract, the agreement normally can be avoided since he or she didn’t freely come to agreement with the terms. Normally, an unknowing person has a choice terminate the contract all together and return to their beginning place or proceed with the contract…

Read >>

Plutonium and Internet Start Up Company

Plutonium and internet start-up company which was founded at the beginning of the technology boom was developing the technological systems necessary to support the rapidly expanding user base. Plutonium purchased an expensive and complex billing system to automate the billing of internet accounts using a credit card to integrate its system. Jonathan, the manager of operations department, was given the phony credit card to help fix corrupted accounts created by the launch and integration. Chris an employee of Plutonium, who…

Read >>

Business Ethics

Introduction In recent years, accounting ethical breaches has emerged as a major problem for most organizations. With growth of businesses, the number of accounting ethical breaches has also increased. Accounting ethical breaches may be defined as the misappropriation and misconduct of financial data by the auditors and accountants of the company (Duska & Ragatz, 2011). The accounting ethical breaches not only affect the organization, but also the stockholders involved with the organization. This paper will discuss the accounting ethical breach…

Read >>

The Difficuly Finding the Meaning of Life

A sense of meaning is needed in humans or else we become discouraged and lost and can even end up looking for meaning in harmful ways. People who cannot find in meaning in their life are susceptible to cults and manipulation from others as well as depression. In J. D. Salinger’s novel the catcher in the Rye, The main character (Holden) is having difficulty finding the meaning of life. Everyone is bound to spend some time in their life searching…

Read >>

Provide Two Reasons why Medicaid Violations do not Generally Receive Media Attention

One of the most frequent crimes of the affluent and the high-class of the society is Medicaid fraud. These frauds can be committed by several parties including the recipients and the providers. Medicaid is a government program that utilizes the taxpayer’s money to provide healthcare to the low income groups of the society. It is basically setup to help the weaker sections of the society including individuals above the age of 65, the disabled, the medically compromised and the low-income…

Read >>

Toll Fraud Schemes

Toll fraud is identified as the stealing of long distance call services by unknown third party hackers (Aginsky). The said call operators are after the money they can get from stealing and selling access to international calls. There are also instances that they are doing toll fraud schemes just for fun (Aginsky). It primarily uses telephone calls to gain profit in a very easy way by fabricating stories and disguising as company representatives. Three Examples of Toll Fraud Schemes (1)…

Read >>

Bernie Madoff Ponzi Scheme

Bernie Madoff was a legend on Wall Street. His success grew very quickly and he built a trading powerhouse named Bernard L. Madoff Investment Securities that was founded in 1960. He enjoyed telling employees, peers, and friends that his enterprise started on the Pacific Ocean beaches in Long Beach, CA as a lifeguard. Madoff enjoyed leading his company, chairing the NASDAQ board, and presenting to traders as a leader in the industry sharing his tips, tricks, and lessons learned. By…

Read >>

Healthcare Fraud

On May 14, 2013 Attorney General Eric Holder and Department of Health and Human Services (HHS) Secretary Kathleen Sibelius announced “nationwide takedown” by Medicare Fraud Strike Force operations, in eight cities that resulted in charges against 89 individuals, which included doctors, nurses and other licensed medical professionals, for their alleged participation in Medicare fraud schemes involving approximately $223 million in false billings. In Chicago, seven individuals were charged, including two doctors, with a variety of health care fraud schemes. This…

Read >>

Differentiate Between Fraud and Abuse

Fraud is any and all means a person uses to gain an unfair advantage over another person. In most cases, to be considered fraudulent, an act must involve: – A false statement (oral or in writing) – About a material fact – Knowledge that the statement was false when it was uttered (which implies an intent to deceive) – A victim relies on the statement – And suffers injury or loss as a result Abuse is to wrongly or improperly; misuse….

Read >>