"Describe a common fraud scheme for investments and explain the controls that may be put in place to prevent the fraud" Essays and Research Papers

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 2 of 50 - About 500 Essays
  • Good Essays

    Fraud

    • 534 Words
    • 3 Pages

    found it in the Wall Street Journal. Rajat Gupta was the director of Goldman Sachs Group Inc. Goldman Sachs Group Inc. is a full service investment bank and security firm. Rajat Gupta was found guilty of leaking inside information to the outside‚ and was sentenced to two years in prison‚ and some pretty hefty fines. Rajat Gupta was not the average fraud perpetrator he was total opposite at least from the articles description of him. The article states‚ “Mr. Gupta’s was a classic American success

    Premium Goldman Sachs Berkshire Hathaway Harvard Business School

    • 534 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Report on Financial Statement Fraud Scheme Name ACC 556 Date Instructor NameReport on Financial Statement Fraud Scheme TO: Organization’s Management FROM: Learning Team DATE: SUBJECT: Fraud Examination Findings A Summary of the Matter under Investigation Crazy Eddie Electronics Stores a chattered company‚ traded under the symbol CRXY on the New York Stock Exchange. The company was under management of Eddie Antar family from 1971 until 1987 when Oppenheimer-Palmieri Fund (OPF) took

    Premium Crazy Eddie Fraud Audit

    • 1405 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Fraud

    • 3763 Words
    • 16 Pages

    HealthSouth Corporation Case Study By Robert H. Barr‚ Jr. - © 2012 In 2002‚ HealthSouth Corporation was one of North America’s largest outpatient surgery‚ rehabilitation and diagnostic imaging companies. HealthSouth had over 1800 facilities in all 50 states plus the United Kingdom‚ Australia‚ Puerto Rico‚ Canada and Saudi Arabia. In 2002 HealthSouth had over 50‚000 people on staff in sales revenues in excess of $4 billion per year. HealthSouth worked with more than 85‚000 referring physicians

    Premium Balance sheet Asset

    • 3763 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    Fraud

    • 544 Words
    • 3 Pages

    Insurance Fraud A gang of Russian crooks ran a record-setting‚ $279 million fraud that exploited New York’s “no-fault” auto –accident law‚ authorities said 2/29/12. The gang worked with corrupt doctors to set up more than 100 phony medical clinics across the city. There‚ they generated fake bills for the treatment of “injuries” that “ranged from wild exaggerations to outright fabrications‚” Manhattan US Attorney Preet Bharara said. The fraudsters took advantage of the “patient-friendly provisions”

    Premium Insurance

    • 544 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Fraud

    • 9526 Words
    • 39 Pages

    Forensic Accounting in New Zealand: Exploring the gap between education and practice. Jennette Boys Auckland University of Technology‚ New Zealand Abstract ‘Accounting practice has always been concerned with fraud’ (Lehman & Okcabol‚ 2005) The global business environment is rapidly changing and this has resulted in evolutionary changes in the skills accountants need to meet the requirements of their clients so they can continue to add value to their businesses

    Premium Accountant Fraud Accountancy

    • 9526 Words
    • 39 Pages
    Powerful Essays
  • Good Essays

    The Fraud

    • 443 Words
    • 2 Pages

    make his major customer happy Pomerantz had to approve significant markdowns in Leslie Fay’s wholesale prices and grant those customers large rebate. In 1993‚ Donald Kenia‚ the company’s controller‚ took full responsibility for a large accounting fraud revealed to the press by John Pomerantz. Leslie Fay’s earnings had been overstated by approximately $80 million from 1990-1992 and about $130 million entries were fake. Upon the investigation of the Audit committee it was found out some audit tricks

    Premium Balance sheet Fraud Names of large numbers

    • 443 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Motives for the cheats The motives for fraud are clear‚ it’s a financial crime. People can not pay the bills. They figure stealing from an insurance company which is big and greedy is no great moral wrong and no one will miss the money. However‚ even if the company is big and greedy it is still wrong. How people get caught by an insurance company Fraud units at insurance companies are experts. But the reason people get caught are for obvious reason. People make stupid mistakes. However‚ as a word

    Premium Insurance

    • 1154 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Fraud

    • 492 Words
    • 2 Pages

    According to the COSO framework‚ there are five elements can be applied to analyze companies’ internal control systems. They are control environment‚ risk assessment‚ control activities‚ information and communication and monitoring. Here is my research of what went wrong in internal controls during the 2008 financial crisis using exhibit 6-6 with Lehman Brothers. Control Environment Lehman Brothers has a long history. Fuld led the company tide over the difficulties several times and achieve remarkable

    Premium Internal control Risk

    • 492 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Fraud Prevention

    • 1619 Words
    • 7 Pages

    Abstract This paper is about the benefits of a comprehensive control program. It will also talk about what would be the benefits from a control program. It will also talk about what procedures should be taken into consideration for the controls‚ including independent checks‚ and a system for the documents and records. It will go into talking about a fraud hotline program to help detect fraud and also preventing fraud. Fraud Prevention Management is aware of the increased requirements for

    Premium Internal control Internal audit Auditing

    • 1619 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Fraud Examination

    • 4257 Words
    • 18 Pages

    Chapter 1 Discussion Questions 1. Fraud always involves deception‚ confidence‚ and trickery. The following is one of the most common definitions of fraud: “Fraud is a generic term‚ and embraces all the multifarious means which human ingenuity can devise‚ which are resorted to by one individual‚ to get an advantage over another by false representations. No definite and invariable rule can be laid down as a general proposition in defining fraud‚ as it includes surprise‚ trickery‚ cunning and unfair

    Premium Fraud Criminal law

    • 4257 Words
    • 18 Pages
    Powerful Essays
Page 1 2 3 4 5 6 7 8 9 50