world, the threat of cyber crime also grows. While some of these crimes are relatively harmless and commonplace, others are very serious and carry with them felony charges. Various types of Cyber crimes that can be encountered over the net are spam, fraud, cyber terrorism and so on. Whether for individuals, companies or governments, cybercrime has become a big problem. Spam is defined as unsolicited junk e-mail. It is used by chain mailers, forger and some others who selling dubious products. “The
Words: 1173 - Pages: 5
a term referring to fraud, embezzlement, and manipulation. According to the Department of Justice’s Criminal Justice Resource Manual, computer crime is “any illegal act for which knowledge of computer technology is essential for successful prosecution” (Computer Crimes, 2015). There are many types of computer crimes but the four main ones consist of: Internal computer crimes (viruses), telecommunications crimes (hacking), computer manipulation crimes (embezzlement & fraud), and traditional theft
Words: 1061 - Pages: 5
Chapter 2 Who Commits Fraud and Why I, Dennis Greer, am making this statement on my own, without threat or promises, as to my activities in regard to the activity of kiting between Bank A and Bank B. As of May 19XX, I was having extreme emotional and financial difficulties. For religious reasons, I was required without notice to move out of where I was living, and I had no place to go. Also, my grandmother—the only family member I was close to—was dying. I had to live
Words: 15238 - Pages: 61
even quarter of that amount is spent on fighting White Collar Crimes. Hardly a day passes without a new story of malfeasance. Every Wall Street firm has paid significant fines during the past decade for phony accounting, insider trading, securities fraud, Ponzi schemes, or outright embezzlement by CEOs. A massive insider-trading ring is currently on trial in New York, and has implicated some leading financial-industry figures. And it follows a series of fines paid by America’s biggest investment banks
Words: 2916 - Pages: 12
conduct all the investigation, reporting, freezing, and thawing of credit reports for U.S. citizens. These bureaus must be contacted separately by victims of online scams to request a credit freeze, or security freeze. Use the information and links below to request a credit freeze faster and with minimal effort. Equifax Equifax performs credit checks for consumers and businesses, lets them screen their Social Security Numbers for fraudulent use in online scams, and operates a fraud alert system
Words: 536 - Pages: 3
An Analysis of Accounting Frauds and the Timing of Analyst Coverage Decisions and Recommendation Revisions: Evidence From the US Susan M. Young* Associate Professor Fordham University New York, NY 10019 syoung16@fordham.edu Emma Peng Assistant Professor Fordham University New York, NY 10019 ypeng@fordham.edu *Corresponding author We thank workshop participants at the AAA annual meeting, City University of New York, CUNY Baruch College Emory University, and the editor for their helpful
Words: 17008 - Pages: 69
Introduction Richard Martin Scrushy was born in 1952 in Selma Alabama. Richard is the son to Gerald and Gerri Scrushy. Gerald was a cash register salesman and Gerri was a registered nurse (Watson, 2005, p. 2). Richard worked until he became successful, wealthy, and powerful. He was able to obtain the American dream of family, security and wealth. In 2003, an accounting scandal threatened to change his career, his wealth, and his freedom. The Securities and Exchange Commission (SEC) filed
Words: 2596 - Pages: 11
Accounting Ethics 2 1. Given the corporate ethical breaches in recent times, assess whether or not you believe that the current business and regulatory environment is more conducive to ethical behavior. The ethical breaches in recent times, Weygandt, Kimel, Kieso( 2012) researched that “financial press open full articles and documents facts about financial scandals at Enron, WorldCom
Words: 1300 - Pages: 6
Accounting Fraud at WorldCom 1) What are the pressures that lead executives and managers to “cook the books?” After the rapid evolution of the telecommunication industry in the 1990s, WorldCom shifted its strategy to focus on building revenues and acquiring capacity sufficient to handle expected growth. Their biggest goal was to be the No. 1 stock on Wall Street rather than capturing the market share. As a result, their Expense-to-Revenue (E/R) Ratio was their measurement for their main objective
Words: 3407 - Pages: 14
Title Content page no Introduction…………………………………………………….……………………………….1 What is cybercrime? ..........................................................................................................1 Types of cybercrime……………………………………………………………………………..2 Reasons of cybercrime……………………………………………………………..……………2-3 Offences of cybercrime under ICT Act-2006……………………………………………………3 Penalties of cybercrime under ICT Act-2006 ……………………………………………………4
Words: 6414 - Pages: 26
