Intro to HealthSouth Fraud Case Review In 2003, HealthSouth was accused of one the largest accounting fraud cases in healthcare history and those involved are still being tried today, nine years later. HealthSouth was founded in Birmingham, Alabama in the year 1984 by a respiratory therapist name Richard Scrushy. By the year 1999, HealthSouth had grown to house 230 surgical centers, 120 inpatient hospitals, 5 medical centers, 129 diagnostic centers and 1379 outpatient rehab centers and was worth
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------------------------------------------------- Date: October 10, 2013 ZZZZ Best Company, Inc., a carpet cleaning and restoration company became the illegitimate business front for one of the largest investment frauds in American history. Barry Minkow started working in the cutthroat carpet cleaning industry at a young age. A risky Minkow began perpetrating frauds on a small scale and eventually took his Ponzi scheme public. Red flags went unnoticed from banks, investors, and auditors. Crucial auditor mistakes postponed the uncovering
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after identity theft. Child Identity Theft. (2013). Retrieved from http://www.identitytheftfacts.com/articles/child-identity-theft-2013/ Already rampant and increasing in frequency of occurrence, child identity theft represents an attractive form of fraud, because crooks can take out credit in their victim's name and have it go without notice for years. This article shows parents valuable ways to secure their child’s future and information that normally goes unnoticed until they reach the age of 18
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have committed? How can you remedy and prevent this from occurring again?1 The attacker can be charged with the following Violations: No Electronic Theft Act (18 U.S.C. § 506). Identity Theft & Assumption Deterrence Act (18 U.S.C. § 1028). Fraud and Related Activity in Connection with Computers (18 U.S.C. § 1030). Interception and Disclosure of Wire, Oral, or Electronic Communications (18 U.S.C. § 2511). Unlawful Access to Stored Communications (18 U.S.C. § 2701) Disclosure of Contents
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Insight on WorldCom Scandal Table of Contents ABSTRACT 2 The importance of accounting conceptual framework 3 Historical Background 5 The Scandal – what happened 6 PENALTIES 7 How the scandal relates to accounting theory 8 RELATION TO POSITIVE ACCOUNTING THEORY 9 Conservatism Principle 9 Lack of Reliability 10 Lack of Relevance 11 Financial Misstatement 11 Conclusion 12 Bibliography 14 Insight on WorldCom Scandal ABSTRACT The scope of this paper deals with the
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Categories of Computer Crime CIS 170 Information Technology in Criminal Justice Dr. Johnson Strayer University February 5, 2014 The four common categories of computer crimes are: Computer as a target, Computers as an instrument crime, Computers as an incidental to a crime and Computers associated with the common occurrence of a computer. Cybercrime is criminal activity or crimes committed over the internet, through a computer system or though technology. Cybercrimes is also highly
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“ZZZZ Best company” was founded by 16-year old Barry Minkow. The core activity of company was carpet cleaning. As he began doing business, Minkow soon realized that carpet cleaning was a difficult way to earn money because customers always complained and vendors demanded payments. Soon Minkow started seeking for financing but realized that bank were not willing to lend him money due to his age and low profitability of his business. That’s why he came up with the idea of forgeries and thefts from
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Fraud of ZZZ Best Company The ZZZ Best was the carpet cleaning company that was started by 15 year old Barry Minkow in 1982. He was inspired to enter into this industry by his mother when he was 12 years old. His mother was working as a telephone solicitor for a small carpet cleaning firm. Though most of the companies in carpet cleaning industry were legitimate, the nature of this business attracts many seedy characters of the malpractice. There are no barriers for any entry even no license was
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different countries and it has over 630, 000 employees over the world. Even though AIG is such a giant corporation, it has encountered financial problems in the early 2000s. Under financial pressure and a lack of internal control, AIG have committed frauds resulting in several scandals. One of the accounting scandals was disclosed during 2005 which involved a material mis-statement due to false transactions during 2000. This scandal set to prelude leading the downfall of AIG in 2008. In this paper,
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Hello Friends, For the months now, I've been searching for the Home Based Job which is authentic. Though I have not found any so far, I came across many home based jobs asking for the payments/deposits initially. Internet is the field which so much of fake websites providing false information and still they remain active for a longer period misleading the people. I would like to share a scenario I came across which in search of Home Based Part time Jobs. In these
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