Veronica Cantu Accounting Information Systems Written Assignment –Week 2 Gary Foster, a former vice-president for Citigroup, pleaded guilty to one count of bank fraud in Brooklyn, New York. Foster embezzled 22.9 million from the bank in a period of eight years, between September, 2003 and June, 2011. The fraud was detected after an internal treasury department audit. Foster joined Citigroup in 1999 after graduating from Rutgers University with an accounting degree. He climbed the corporate
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problems? eBay addresses these problems by insuring the buyers for non-delivery/damaged delivery of products. It also establishes in-house fraud prevention and escrow services to prevent fraudulent transactions. eBay also has one of the best payment mechanisms in the industry. Further, it blocks people for future transactions who have committed frauds on the website. 4. What are the contracting costs at eBay? The costs would be costs related to website maintenance, costs in the form
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the first chapter of Principle of Cybercrime, Clough describers the various definitions of cybercrime. It can be defined as crime that committed through internet on a computer. It uses computer as a tool to commit the crime like child pornography, fraud, copyright, piracy and etc. However, computer can also be a targeted victim. There are various types of cyber crime such as hacking, spamming, malware, and etc. More serious, cybercrime can move on to cyberterrorism which the attack on a computer is
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reason for my position. Mortgage fraud has been on the rise since 2009, the FBI investigated 67,190 mortgage fraud cases, and in just the first two months of 2010 had 29,780 cases on the books. Estimated annual losses attributed to mortgage fraud range from $4 to $6 billion. Mortgage fraud not only affects financial institutions—it can affect home owners, buyers, and sellers as well as entire neighborhoods. There are several different types of mortgage fraud… * Equity skimming: An investor obtains
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cyber crime. It is rapidly evolving from simple e-mail mischief where offenders send obscene e-mail, to more serious offences like theft of information, e-mail bombing to crashing servers etc. The types of cyber crimes include pornography, cyber fraud, defamation, cyber stalking, harassment, IPR theft, data hostage, money laundering, phishing, e-mail bombing, cyber war, illegal EFT. Conclusion There will always be new and unexpected challenges to stay ahead of cyber criminals and cyber terrorists
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The topic I have selected for research is counterfeiting. Many of us know that counterfeiting is a growing problem throughout the world. Most countries have some trade in counterfeit goods, but some have become notorious for producing and exporting large quantities of fake goods. One of the largest is China. China is the world’s largest producer of counterfeit goods, and has the largest market for counterfeit goods. Counterfeiters employ between 3 million and 5 million people in China alone
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activities, corruption and the risk of fraud. Fraud, which is the major reason for setting up on internal control system, has become a great pain in the neck of many Nigerian bank managers. It has also become an unfortunate staple in Nigeria’s international reputation. Fraud is really eating deep into the Nigerian banking system and that any bank with a weak internal control system, is dangerously exposed to bank fraud. The CBN reported that cases of attempted fraud and forgery in banks, as at half-year
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Background of the Study: Back in time when computer, internet connection, and technology are not necessities, frauds are easy to conceal. Given also the fact that accounting standards were still not that strict about some disclosures and can be circumvented easily, many people such as accountants, businessmen, and employees took advantage of it. These people may be blinded by their position that they are capable of doing their own dirty tricks. They also have their reasons why they wanted to try
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Bait and Switch John Doe Strayer University Law, Ethics and Corporate Governance LEG 500 Bait and Switch Betty drove three hours in one-hundred degree heat. Does this have any bearing on whether or not the dealer must perform in accordance with the published advertisement? The Federal Trade Commission defines bait advertising as an enticing but insincere offering for a product or service where the advertiser has no intention or desire to sell. Instead, the purpose is to entice
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support your response. When Edwin Sutherland first began his study/analysis under the Traditional Summary Reporting System, there was a limited amount of information available on White Color Crime. The white-collar offenses that are measured are fraud, forgery/counterfeiting, embezzlement, and all other offenses. Because white-collar crimes are not Index crimes, the only information available on these offenses is arrest information, which includes age, sex, and race of the arrestee. Additionally
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