Abstract Cybercrime is a crime committed on the Internet using the computer as a tool and in some cases a targeted victim. The term “cyber” is a misdemeanor and is not defined (Dashora, 2011). Cybercrime is similar to conventional crime both include acts and commissions that are a breach of law counterbalanced by sanctions from the state. Cybercrime is the latest and most complicated problem in the cyber- world. Illegal methods of cybercrime are financial crimes, pornography, online gambling
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Business Research Ethics There are ethics in everything a person does. There are people trying to get away unethical business research. Here is a finance researcher who got convicted in a fraud trade. The unethical research behavior This person was convicted of conspiracy to commit securities fraud and wire fraud in a crackdown in Wall Street. Winifred who was convicted was selling tomorrow facts today. She would communicate in code so no one would become wise with what she was doing. She was arrested
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INTRODUCTION AND HISTORY HealthSouth Corporation is the nation’s largest provider of inpatient rehabilitative healthcare services1; it was founded in 1984 by Richard M Scrushy along with four other people as Amcare, Inc., it opened its first facility in Little Rock Arkansas and another one a year later in Birmingham Alabama. In 1986 the company went public and was listed on the NASDAQ Stock Exchange under ticker symbol HSRC. Throughout the 1980’s and 1990’s the company expanded rapidly through
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Case Assignment #1 – Accounting Fraud at WorldCom 1. Discuss the fraud at WorldCom in terms of the objective of financial reporting. How was the objective subverted by the actions taken by the managers of WorldCom? A. To begin, the primary objective of financial reporting for most companies is to provide useful information to capital providers. Essentially, the objective is “to assist in the efficient functioning of economies and the efficient allocation of resources in capital markets”
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CJUS360-1104A-01: Legal Elements of Fraud Instructor: Jeffrey Beck Phase 2 DB 1: Legal Sources for Fraud Nina A. Lugo October 12, 2011 In Madrid Spain, Escala, a Connecticut based business with a global network of companies and parent company Afinsa Bienes Tangibles, a Spanish company involved in commercial and trading activities were caught in a fraudulent scheme which allowed them to increase their revenues to over eighty million in 2004 and 2005. These transactions allowed them to meet
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Sarbanes-Oxley Act of 2002 Bus 102 – Dr. Sean D. Jasso John Chi 12/9/2010 Table of Contents - Table of Contents Introduction History of the Act Implementation Impact on Business Policy Analysis Conclusion Appendix References pg. 1 pg. 2 pg. 3 pg. 4 pg. 7 pg. 9 pg. 11 pg. 12 pg. 14 1|P a ge Introduction Corporate Scandals are business scandals that initiate from the misstatement of financial reporting by executives of public companies who are the ones trusted to run these
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extremely useful to a financial statement reader. Financial Disclosure has seen an increase in the last ten years due mainly to the implementation of the Sarbanes Oxley Act. The Sarbanes-Oxley Act was passed by Congress in 2002 to deter corporate fraud and unethical behavior. The Sarbanes-Oxley Act also known as
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result of scams such as the Enron and WorldCom. It came stated as a clear fact that since these scandals had unfortunately happened, it would create a new demand for forensic accountants. The Association of Certified Examiners said that occupational fraud losses cost organizations on the average of about a trillion dollars yearly. I feel with this being a known fact brings along the push for the services of these forensic accountants. Forensic accounting is a profession in which combines investigative
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Cybercrime CJA/204 September 21, 2012 Dave Harper Cybercrime Cybercrime/Traditional Crime Cybercrime is a crime that is done through computers it includes hacking, electronic money laundering and identity theft. Traditional crime is a form of crime that violates the law. The difference between cyber and traditional crime is that cybercrimes
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Stock……………………………………………….. 11 5.) HealthSouth Patients and Customers….………………………………………... 11 D.) Outcome and Fairness of Punishment…………………………………………………... 12 6.) 2003 SEC Civil Law Suit against HealthSouth………………………………… 12 g.) Charges of Fraud………………………………………………………... 12 h.) Inflated Earnings on Financial Statements ...…………………………... 13 7.) Punishment: Does it fit the crime? ...................................................................... 13 i.) CEO Richard
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