...Isaac Hertzog Pd. 2 Ms. Tucci AP English 11/10/11 Throughout Dante’s Inferno, Dante and Virgil trek across nine circles of Hell. These circles are divided into three different levels depending on how serious the sins were. In each circle, Dante displays divine retribution for the punishments, based on the sin committed during the sinner’s life. The three levels of sin are the sins of incontinence, violence, and fraud. In each level, the punishment increase in pain, starting in the first level. The first type of sin is the sin of incontinence. Incontinence is the inability to have control over actions one’s own actions. This level includes the lustful, gluttonous, and the wrathful. The lustful were those who were self-indulgent, therefore denying the light of God. People such as Cleopatra, Achilles, and Helen of Troy are in this level. These souls are constantly blown around uncontrollably by heavy winds and strong rains. This was used as a literal interpretation of the sinner’s emotions. The person was caught in a “whirlwind” of lust and a tempest, or storm, of passion. The next group of sinners is the gluttonous who wasted their money on unnecessary things. Gluttony is considered one of the seven capital sins. They wasted God’s gifts and now they have to suffer for it. They lay, half buried in garbage while more falls on them. Each person “wasted” what they had and now are covered in waste materials. Another group of sinners in the incontinence level is the wrathful. Wrathful...
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...person Acts of Vigilantism Two parents murder the man who was pimping their young high school little girl father pounds the life out of man who attack his five year old little girl stranger sees lady get beat by her sweetheart and shoots beau in the face Acts of Civil Disobedience In Connecticut kindred Americans neglected to enroll for weapons testament by the due date. For the general population who did not enlist their weapon by the due date are infringing upon the law Government judge orders dissenters in L.A not to hinder the entryway of a abortion clinic Claudette Colvin was 15 years old when she refused to move to the back of the bus and give up her seat to a white person nine months before Rosa Parks she was arrested for it. Criminal Acts By Professionals In Place of Employment FRAUD somebody takes their colleagues identity with the goal that they can access their own data and cash and profit by it Embezzlement Trusted by the supervisor to exchange cash to the bank to deposit it and she stole half of it for her very own requirements trusting nobody would take note Worker profits by doing under the table occupations. Presently the representative needs to make sense of an approach to make it appear as though it was earned LEGALLY References • Top ten fraud and prevention tips for your small business. (2014). Retrieved from...
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...fault finding mission but a determination of whether there was a company, policy, procedure or guideline in place to address this situation, whether the guidelines were followed as designed or adequate to address (or prevent) the specific situation that occurred. If the fraud event occurred because an employee(s) simply failed to follow the internal control policies, then there are corrective measures that business units may take to ensure policies are followed in the future. These include communication to employees regarding increased awareness, correct handling processes and policy adherence. It may simply be that employees performed as expected under the circumstances but there were insufficient internal control policies in place to guide their behavior. Lessons learned here will strengthen internal controls through the creation of new ones. Also learn about the basics of internal investigations A fraud event without in-depth incident evaluation, lessons learned and corrective action generally means that there is an excellent chance the criminals will reload the activity and the company will continue to experience high levels of fraud. A great example of this involves timekeeping amongst non exempt employees. Many companies are now using electronic payroll...
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...Main Facts In February 2010, Diamond Foods Inc.’s then-Chief Financial Officer Steven Neil asked his team of accounts an unusual question. How much could the snack-food company pay for walnuts that year and still top Wall Street estimates? According to the complaint released by the Securities and Exchange Commission, the answer was 10 cents less than the expected 82 cents that the company was expected to pay. To cover the difference, Mr. Neil devised a plan to put the extra cost into the following year which all the company the report better-than-expected results. The alleged fraud gave the company a string of earning beats and a strong rise in its stock. It also allowed Diamond Foods Inc the necessary currency needed to clinch a deal to buy the Pringles snack brand from Proctor and Gamble for $2.35 billion. Everything unraveled after the Wall Street Journal and some skeptical investors questioned the company’s accounting. According the Diamond Foods Inc, they conducted an internal investigation and ultimately restated its finances for the 2010 and 2011 fiscal years. The restated numbers showed the stock price per shared dropped from $90 a share to $13 a share. The fraud also had a negative impact on acquiring the Pringles snack brand. Diamond fired Mendes and Neil in early 2012 and restated its earnings after an internal probe concluded that the accounting was improper. (Hamilton, 2014) On January 9th 2014, the Securities and Exchange Commission charged Diamond Foods and...
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...Racism, is it still with the culture or not? Well that is very conversational topic. It depends who a person is and they come from. A caucasian would view it differently than a african american or an asian would.There all different views. Well something that helps comprehend this is To Kill a Mockingbird (TKAM). Is it still helping in today’s culture? Yes, To Kill a Mockingbird is still culturally relevant to today's society. In TKAM Tom is ruled guilty because the white people hated their neighbors, black people. It was a hate crime that called an innocent man guilty. Well that seems like our government would have fixed that by now, and that answer is incorrect. In a study in 2016 they found that “Hate crimes are motivated by race more than...
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...Diamond Foods 2014 San Francisco-based Diamond Foods Inc, and two former top executives deceived investors, by lying about walnut costs to boost earnings. Diamond Foods former former Chief Financial Officer, Steven Neil, directed a scheme to under report how much money the company paid walnut growers by delaying the recording of the payments into later fiscal periods. Which allowed the company to report higher net income and beat the expectations of analysts for fiscal quarters 2010 and 2011. The CFO devised special payments to satisfy Diamond’s walnut growers and bring amounts paid to growers closer to market prices, but wrongly omitted parts of those payments from the year-end financial statements. Instead of correctly recording the costs on Diamond’s books, Neil told his finance team to record the payments as advances on crops that had not yet been delivered. Even though the payments were for prior crop deliveries, Diamond was able to manipulate walnut costs in its accounting to hit quarterly targets for earnings per share (EPS) and exceed estimates by analysts. (SEC 2014). Carters Inc 2010 Carter’s Inc., the world’s biggest maker of children’s clothing Vice President, Joseph Elles persuaded customers such as Kohl’s to make huge unauthorized purchases of Carters clothing at unauthorized discounts, which were not disclosed. The hidden discounts, caused Carter’s to overstate profits Elles falsely manipulated the dollar amount of discounts that Carter's granted to its largest...
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...| Accidents caused by human carelessness, failure to follow established procedures, and poorly trained or supervised personnel, innocent errors or omissions, lost, erroneous, destroyed, or misplaced data, logic errors, systems that do not meet company needs or are incapable of handling tasks. MOST LOSSES OCCUR HERE! | Sabotage, which is destroying a system, computer fraud, misappropriation of assets, financial statement fraud, corruption. Deliberate destruction to harm a system. (Cookie: data website store on your computer that identify the site & you do not have to log on each time you visit the site) | * The Association of Certified Fraud Examiners (ACFE) 2014 Survey Results Show: * 5% of revenues are lost to fraud (≈ >$3.7 trillion lost globally) * Median loss: $145,000 (22% of cases involved with losses > $1,000,000) * Most frauds are fairly small in scope * Median fraud scheme lasts about 18 months * What is Fraud? * Gaining an unfair advantage over another person. All five of the following elements must be present for it to be legally considered fraud: 1. A false statement, representation, or disclosure. 2. A material fact that induces a person to act (influences the decision process). 3. An intent to deceive (not accidental). 4. A justifiable reliance; that is, the person relies on the misrepresentation to take an...
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...• ACFE= Association of Certified Fraud Examiners; conducts comprehensive fraud studies; Report to the Nation on Occupational Fraud & Abuse • Fraud - deception that includes: a representation, about a material point, which is false, and intentionally or recklessly so, which is believed, and acted upon by the victim to the victim’s damage. Fraud is an act of dishonesty with the intention to deceive or cover the truth to gain an advantage. Most critical element: confidence. Fraud can be classified as (in terms of organization): against or on behalf of • Occupational fraud - use of one’s occupation for personnel enrichment through deliberate misuse or misapplication of the employing org’s resources or assets. Categories: Asset misappropriation (steal asset), f.s fraud (manipulate f.s), Corruption scheme (misuse connections). • Employee embezzlement-can be: direct (e.g: asset misappropriation, making dummy company and making employer pay for goods not actually delivered) (from perpetrator to employer); or indirect (corruption, taking bribes from outside) (3rd party involved) • Management fraud- aka financial statement fraud; involves top management’s deceptive manipulation of f.s.; more inclusive • Investment scam-consumer fraud: Ponzi scheme, telemarketing, identity theft, money scam, advance fee scam, letter of credit fraud, etc. • Vendor fraud-overcharge, send inferior goods, charge for goods not shipped; • Customer fraud-not pay, shoplift; • Miscellaneous¬-other ...
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...and identity fraud are some well known crimes. According to Controlling cyber-crime and gambling: Problems and paradoxes in the mediation of law and criminal organization: The main elements explaining computer crime and its organization may be found within the illegal activity and the socio-legal problems confronted there. This explanatory approach emphasizes: (a) that at a given stage of technological development, a given illegal act presents certain technical and social problems which must be negotiated for its successful completion; (b) that we can identify the most efficient types of organizations for managing those problems; and (c) that the existence of these kinds of organizations are explained in terms of their technical efficiency in the situations at hand and in their ability to avoid, evade, and neutralize the efforts of law enforcement (McMullan, 2007). There is a lot to say about cybercrimes and the sociology of but, this paper will cover what is trending in cyber crimes. Some trends are organized criminal activity and others are individualized. Organized cybercrimes Organized criminal groups have adopted the trend of technology within their criminal activity. They have placed a value on information and communication technologyThey a have used the technology to “facilitate their profit-generating criminal activities such as drug trafficking; human trafficking; trafficking corporate secrets and identity information; committing extortion, frauds and scams online;...
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...Luchsinger Professor Anderson English 112 20 January 2013 Paper or Plastic? In modern times, it’s easy to see how technology has created comfort and convenience in everyday life. For example, credit cards, in particular, give consumers the ability to purchase goods or services with little effort. Simply by making a phone call or opening a laptop, a product can be bought and even shipped to the front door just by entering those little raised numbers on the front of the card; just ask my friend Emily! She ordered an enormous new 70in. flat screen TV, without even needing to go into a store. The funny thing is she doesn’t watch or own a TV. Not only did the store allow somebody to fraudulently use her credit card but it also allowed the TV to be shipped to an unauthorized location. That’s the rub! Credit cards may seem great, and they are for certain things, however, there is an obvious security threat when owning one. The temptations for overspending and the high interest rates that credit card companies add create other issues that cause potential problems for consumers as well. First of all, fraud can be a cause for concern when debating whether or not to get a credit card. It is becoming easier for criminals to acquire card numbers without ever even meeting the person they stole it from, and as technology advances, they devise new and devious ways to beat the system. For example, criminals have created ways to steal card numbers with machines that Luchsinger 2 ...
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...MCI until he took the wrong step on a mud slide of accounting scams that ultimately cost him not only his career but also his freedom, family, reputation and self-respect. According to Weinberg’s research, white-collar criminals are not just ordinary people; they are smart, well-educated and ambitious. They often start as wide-eye fresh graduates at large corporations of which profit-driven culture infiltrates all levels within. Some of them were even chosen as CFOs of the year: Andrew Fastow (Enron) and Scott D. Sullivan (Worldcom). So why do they turn out to be the thieves stealing from the economy $2.5 trillion per year? Weinberg argues that these people, like Pavlo, do not just wake up one day and decide to commit in a greed-inspired fraud. In fact, only 7% of perpetrators have prior conviction. They operate business under the performance pressure from investors, stockholders and Wall Street professionals. They execute mega mergers which present opportunities for companies to hide flaws and falsify earnings at multiple levels. Somehow along the line of conducting legal but unethical business, they find their ways to the dark side. Weinberg presents a triangle of Need/Incentives, Opportunity, and Rationalization as a combined force triggering ordinary people to commit extraordinary crimes. In his book, he suggests that by pushing ethics education at school and setting the...
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...------------------------------------------------- Edwin w. edwards Louisiana Political Fraud August 25, 2013 Professor Cynthia waddell By: Christina Black August 25, 2013 Professor Cynthia waddell By: Christina Black Politics in Louisiana has and still remains to be today a controversial and interesting issue. Since statehood in 1812, Louisiana has been traditionally conservative and today remains to be marginally democratic. It has long been known for its toleration of corruption in government. In his manuscript, “Peapatch Politics: The Earl long Era in Louisiana Politics”, former Lieutenant Governor Bill Dodd describes corruption as "a way of life, inherited, and made quasi-respectable and legal by the French freebooters who founded, operated, and left us as the governmental blueprint that is still Louisiana's constitutional and civil law." Among the 50 United States, Louisiana ranks as number 15 with an overall grade of a C minus on the Corruption Risk Report Card. (Louisiana - Legislative Accountability, 2013) Serving as Louisiana’s fiftieth governor for four terms in 1972 to 1980 and 1984 to 1988, Edwin Washington Edwards, who is remembered by many as a colorful, powerful, and legendary figure in Louisiana politics, ended his sixteen years in office short of colorful and powerful. The former Governor of Louisiana, Edwards was subject to a near two dozen state and federal investigations beginning in 1960 when he held a Congress position. Edward’s fraud behaviors were consistent to those of bribery...
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...Identity theft is the biggest crime in the world today. For over ten years, identity theft (in all forms) has been the number one consumer complaint. In 2012 identity, theft affected more than 16.6 million Americans alone. With the 16.6 million people affected, there was a financial loss of 21 billion dollars. That number only went up in 2013 to 24.7 billion dollars and so far, for 2014 we beat that number by over one billion dollars. Finklea, Kristin 2014) With this growing epidemic, we need to educate ourselves on what identity theft is, how it affects us and how to protect ourselves in this new cyber world. Types of Identity Theft It may surprise people to know that there are many different types of identity theft. The most common and often the first thing people think of when they hear identity theft is financial identity theft. This is when a person’s credit cards and/or bank accounts are accessed and used without the owner’s permission or knowledge. The thief can do this by withdrawing money from the victims back account or by maxing out their credit cards. Another way a criminal could commit financial identity theft is by opening new accounts in the victim’s name; such as credit card and even loans. This type of financial identity theft could take the victim years and thousands of dollars to correct. One of the first cases that received the attention of national headlines of financial identity theft was from 1992. In one notorious case of identity theft...
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...In the memoir Narrative of the Life of Frederick Douglass: An American Slave, Douglass creates an effective argument against slavery through explaining how it can be detrimental to whites in chapters 6-9. Douglass starts off chapter 6 talking about his new mistress Mrs. Sophia Auld, who was unlike any white person Douglass had met before because she had "the kindest heart and finest feelings." She had never owned a slave before Douglass and her personality soon changed when introduced to the life of a slaveholder. Mrs. Auld taught Douglass how to read, but when Mr. Auld heard of this he said to her, "Learning would spoil the best n****r in the world . . . if you teach that n****r . . . how to read, there would be no keeping him. It would forever...
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...sign off to show internal control is working -Everything over $10,000 needs a signature (stamps) ACFE (association of certified fraud examiners --> results from misconduct of employees, managers, and executives) definition of occupational fraud - "use of one's occupation for personal enrichment through the deliberate misuse or misapplication of the employing org's resources or assets." Fraud - A generic term that embraces all the multifarious means that human ingenuity can devise, which are resorted to by one individual, to get an advantage over another by false representation. No definite and invariable rule can be laid down as a general proposition in defining fraud, as it includes surprise, trickery, cunning, and unfair ways by that another is cheated. The only boundaries defining it are those that limit human knavery. Financial Statement Fraud - The intentional misstatement of financial statements through omission of critical facts or disclosures, misstatement of amounts, or misapplication of accepted accounting principles. ======================================================================= Types of occupational fraud and abuse: 1. Asset misappropriation (91.5%) - theft or misuse mostly committed by employees where cash is the most targeted asset 2. Corruption (30.8%) 3. Fraudulent statements (10.6%) Six Types of Fraud: 1. Employee Embezzlement (most common, taking company assets) (creating dummy companies and have employers pay for the goods that...
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