White Collar Crimes Name Institution White collar crimes Edwin Sutherland first termed white collar crimes as "a crime committed by a person of a high social status". Although many years have passed, the term would still retain its meaning, but would eventually be defined: as a non-violent crime committed by businessmen or public officials for financial gain. It's difficult to prosecute most white collar crimes for those who practice it
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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
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This scandal would eventually cost investors around 6 billion dollars (Bloomberg News). This event was described by the associate director of the SEC's Division of Enforcement, Thomas C. Newkirk, as "possibly one of the most egregious accounting frauds we have ever seen" (SEC). What Thomas Newkirk was describing was a long-standing policy by those at the top of the executive rung at Waste Management to provide their auditors, auditing committee, and the public false and misleading numbers in a variety
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Student ID: Acronyms CIPFA: Chartered Institute of Public finance and Accounting DWP: Department of Works and Pension LCFS: Local Counter Fraud Specialist NAO: National Audit Office NFA: National Fraud Authority NHS: National Health Service NHS CFSMS: National Health Service Counter Fraud and Security Management Services XXXXX: XXXXX ousing Gr Table of Contents 1.Executive Summary..........................................
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criminal activity in mind. Some examples of this are general theft, theft of service, fraud, and threats and/or harassment [ (Taylor, Fritsch, Liederbach, & Holt, 2011) ]. The implementation of computers as a criminal tool or device to obtain information to be used in a criminal manner increases yearly. Criminals use computers to store data relating to drug deals, money laundering, embezzlement, mail fraud, extortion, and a myriad of other crimes. In addition to the simple storage of records
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Embezzlement and Credit Card Fraud In almost every case, white collar crimes are committed by businesses and government professionals, and are generally of non-violent nature, in which are financially motivated. The Federal Bureau of Investigation now associates a wide range of fraudulent crimes as being white collar. Credit card fraud and embezzlement are two amongst those on their list. This paper will discuss what and how these two crimes are committed, the impacts each
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Catanni was smart, persuasive, likeable, dependable, and so much more. Her bosses, whom she referred to as “family,” trusted her with a great deal of responsibility within the firm. Those who knew her would have never guessed she was capable of felony fraud by stealing half a million dollars from the company. After graduating from BYU, Diann made her way to Atlanta where she began her first job at a newly established Human Resources consulting firm. Her incredible work ethic and likeable personality
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Memorandum: of Fraud Examination TO: Mr. Robert Moritz, U.S. Chairman and Senior Partner, PwC FROM: Bilen Kebede, Lead Forensic Accountant DATE: MAY 31, 2015 SUBJECT: Icon Telecom Lifeline Fraud Lifeline Fraud Executive Summary Using the Lifeline fraud case as an example, this memo will analyze the case and prevent future fraud by similar telecommunication companies. Suggested recommendations include a proactive fraud auditing, a whistle-blowing system, and employee assistance
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Fraud Schemes and Fraud Investigation Acc 571 Instructor: Dr. Ole Ruankaew Diane Phillips November 22, 2015 Fraud Schemes and Fraud Investigations The problem that organization faces today, are employee fraud. Many organizations feel that long term success of any company comes from the quality of their employees and workers loyalty. While during my research, I discovery that Association of Certified Fraud Examiners, Inc. has shown that organization have lost five percent of their annual
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BANKING AND FINANCE ETHICS IN THE FIELD OF CORPORATE POLICIES Corporate Ethics The broad area dealing with the way in which a company behaves towards, and conducts business with, its internal and external stakeholders, including employees, investors, creditors, customers, and regulators. In certain national systems minimum standards are required or recommended in order to eliminate potential conflicts of interest or client/employee mistreatment. Corporate Policy A formal
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