is audited by accounting public officer. To fulfill that requirement, ZZZ Best Company Inc. hired George Greenspan to perform audit for 12 months. According to his testimony regarding ZZZ Best scandal to congressional subcommittee that investigated fraud in ZZZ Best Company, Inc., Greenspan insisted that he has proprtly audited Minkow’s company although finally Greenspan admitted that he had not inspected any of the insurance restoration sites. Next audit company which audited Minkow’s company
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State of Utah DEPARTMENT OF COMMERCE DIVISION OF CONSUMER PROTECTION TELEMARKETING PERMIT APPLICATION FORM OFFICE USE ONLY Date Permit Issued:_______________ Permit Number: _________________ Annual Application Fee: $250.00 (Non-refundable) Approved: ______________________ Denied: _________________________ Expiration:______________________ _________________________________________________________ (This is the name of institution that is registering.) ___________________________________________________________
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the beginning. In January 1986, ZZZZ Best went public and began to sell shares on NASDAQ. However, the company began to rapidly decline. In July 1987, Minkow resigned and the company sued him for fraud allegations. This landed Minkow in federal prison, with a sentence of 25 years for 57 counts of fraud. In the beginning, Minkow struggled to meet the basic expenses of his company. Two banks closed his business accounts because the California Law did not allow minors to sign binding contracts, including
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activity committed on the internet. The internet, along with its advantages, has also exposed us to security risks that come with connecting to a large network. Computers today are being misused for illegal activities like e-mail espionage, credit card fraud, spams, and software piracy and so on, which invade our privacy and offend our senses. “The modern thief can steal more with a computer than with a gun. Tomorrow's terrorist may be able to do more damage with a keyboard than with a bomb”
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activities, which involve the use of information technology to gain an illegal or an unsanctioned access to a computer system with volition of damaging, deleting or alter computer data. Computer crimes also include the activities such as electronic frauds, misuse of devices, identity theft and data as well as system intrusion. Computer crimes may not necessarily encompass damage to physical property. They rather encompass the control of confidential data and critical information. Computer crimes
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Angelica Olivarez 430 ethics Fannie Mae Accounting Scandal 2001 Ethics is based on how people should act through well-based standards. Ethics on the other hand, does not describe the way people actually act. Ethics is a prescriptive term in which people should always aim to make the right decision. Those who act on ethics do not rationalize their actions founded own perceived self-interest. The accounting profession has its own understanding and framework of ethics. Accounting applications of
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potential adversaries alike. Our companies are being targeted for insider information and our colleges and universities for their valuable research and development. All of that being said, cyber crime is hitting us at home as we are being targeted for fraud and identity theft and our children are often targeted by online predators. No one is immune to these cyber risks, individuals, countries, Fortune 500 companies and the neighborhood “Mom and Pop” store. These threats are evolving and expanding every
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forensic accountant CONTEMPORARY BUSINESS forensic accountant CONTEMPORARY BUSINESS 125/19/20135/19/20135/19/2013 fraud busters In today’s world, it is knows by everyone that different developments were taken place in the last periods. Our globalized world in a state of continuous technological change and innovations has been challenged by new generation criminology
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1- What are the pressures that lead executives and managers to “cook the books?” In the 1990s, the telecommunication was rapidly growing which led WorldCom to adopt the strategy of purchasing small long distance firms with limited geographic service areas and consolidating carriers with large market shares. This was the company’s main key profit. Indeed, by adopting this strategy, WorldCom grew quickly by expanding internationally in South America, West America, Europe and Latin America. As a result
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Non-For-Profit Fraud Authors’ Note This paper was prepared for Advanced Accounting, Summer 2013. OUTLINE 1. Introduction 2. The Reasons of Fraud in Nonprofits. 3. Types of Nonprofit Fraud. 4. Recent Fraud Cases: A. $1,000,000 Charity Scam by John Cody. B. ASPCA International and $27,000,000 Fraud. C. Fraud Committed by Anita Collins, Church Bookkeeper. D. Fraud Committed by Hugh Blackburn. 5. Fraud Prevention in Nonprofit Organizations. 6. Conclusion. Introduction
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