Samples Fraud

Fraud Essays

The Bernie Madoff scandal was discovered in the wake of the 2008 financial crisis. Madoff was an an investor with an immaculate reputation who held millions of dollars worth of funds for his clients. While Madoff informed such clients that he was investing their funds in securities markets around the...

609 words 3 page(s)

In 1929, America suffered an economic calamity. On September 20 of that year, the United States Stock exchange “crashed”, figuratively speaking . The crash was this: there was no monetary support behind the stocks being sold. The dollar was almost the equivalent of Monopoly Money, and it stopped an America...

1198 words 4 page(s)

A Ponzi scheme is when investors are encouraged by the person creating the scheme to invest in a fictitious company, or a company that purports to do one thing but has very minimal assets or operations. The monies invested from later investors are then used to pay off the initial...

689 words 3 page(s)

Executive Summary Ponzi schemes are a result of public greed. They are the result of public greed tied directly to a sociobiological drive. Investors in Ponzi schemes get trapped because of their own greed and because of the natural design of genes, this cycle is not one soon to be...

1523 words 6 page(s)

The case in question in this instance is that involving Logitech. The SEC charged Logitech with accounting fraud in 2016 for some of its activities previously in the decade. In particular, the company was charged with misrepresenting many of its liabilities and some of its losses. This kept the stock...

940 words 4 page(s)

Forged endorsement scheme is a form of fraud in which an employee coverts a check by signing a third party in the endorsement line (Chapter 5, 2007). The check becomes payable to the third party instead of the intended recipient. This fraud is a unique form of forgery because it...

713 words 3 page(s)

Scandals can seriously ruin the reputation of businesses in a corporate world as well as among individuals. Most scandals often result in crippling of organizations and some lead to the collapse of business. Some organizations formulate positive strategies for dealing with scandals whereas others do end up benefiting from the...

380 words 2 page(s)

Corporate reputation depends on how companies cope with the role of corporate social responsibility (CSR). The CSR approach is particularly important for global corporations since their activities affect people in many countries. Volkswagen’s unethical actions led to an emissions scandal that aggravated after the manufacturer admitted to installing the emissions...

379 words 2 page(s)

Mrs. Alice White lives alone, has been a widow for the past nine years, and is in fairly good health. She is on medication for her blood pressure, diabetes (adult onset), and arthritis. At 79 years old, she is involved in her church choir, attends Bible study class once a...

456 words 2 page(s)

December 3, 2016: Bridgett Carr was arrested for providing patients with forged description in exchange for money whilst working as an office manager for Dr. Jose Turro. The Sheriff found out that Ms. Carr had requested money to release unauthorized prescriptions, without her employer’s permission. Available evidence suggests that Ms....

339 words 2 page(s)

Scientific fraud is blight that occurs in increasing prevalence in the research community. Fraudulent practices, such as faked survey results compromise the ability to rely on the result of research as a means to make policy, accurate diagnoses, and to further research into the chosen topic. Scientific fraud goes beyond...

933 words 4 page(s)

In general, what are the major objectives of internal control? What is their purpose? Key internal controls are critical to an organization functioning effectively and safely. Their purpose is efficiency and reduction of fraud in the transactional process. Key controls relate directly to risk. Segregation of duties is a key...

1330 words 5 page(s)

The construct of Health care frauds can be defined as the acts of intentional deception where on party uses healthcare resources, at his or her disposal, for illegal personal interests. This leads to substantial amount of injury or disadvantages to another the other party. Due to such duplicitous representation of...

378 words 2 page(s)

From the summarized case study, it is apparent that health care institutions could be faced with many incidences of fraud, some of might result in huge financial losses that might be accompanied by relatively low levels of quality (Fabrikant, Kalb, Bucy, Hopson, 2014). The management of the organization needs to...

333 words 2 page(s)

The identification of fraud risk is a process rather than an activity. To identify the risk of fraud, one must identify the weaknesses in any processes that link the customer’s payment to the bank account holdings of the company. Additionally, one must identify the internal controls processes as well as...

397 words 2 page(s)

Halal is the permitted food for Muslims. The term ‘Halal’ is supposed to mean “permitted”. For religious reasons, Muslims are supposed to eat the meat of an animal that has been religiously killed. In other words, the animal, for an example of a cow, goat, camel, a chicken, should be...

975 words 4 page(s)

White collar crimes unlike many crimes usually go undetected. When we hear about white collar criminals, we think about people in suits not goons wearing masks like other criminals. Henderson (2000), states that some of the examples of white collar crimes include cybercrime, money laundering and forgery. Ignorance about white...

686 words 3 page(s)

The Committee of Sponsoring Organizations of the Treadway Commission or COSO (2014) provides a framework for identifying guidance in risk management, and providing internal controls and fraud deterrence in organizations. This framework can be used to analyze the fraud that occurred in WorldCom, which is one of the largest cases...

654 words 3 page(s)

In Canada, as in the United States, the mortgage system, while being important to the overall functioning of the economy, is also one that has the potential to experience fraudulent behavior (Baumer). Whenever there is a possibility for people to take advantage of the system and make money, there will...

2045 words 6 page(s)

Corporate violence is fundamentally different from the obvious day to day conventional interpersonal violence in the sense that, it is largely subtle, indirect, collectively-instigated and disguised under the umbrella of the public good. In reality, it is a collective and intentional effort of major corporations to reap maximum benefits while...

680 words 3 page(s)

Corporate atrocities are some of the defining events in the business world. The Waste Management fraud scandal happened in 1998 and involved one of the world’s largest auditor company. This paper aims to discuss the scandal by providing some general information about the company, describing the fraud occurrence, examining the...

588 words 2 page(s)

In legal terms, fraud signifies a deliberate practice of deception resulting in an unlawful or unfair action. Fraud is commonly classified as a criminal wrong. The motivation behind committing fraud results for different reasons. Some wish to obtain the benefits of value while others falsify the statements for the personal...

652 words 3 page(s)