CT Fraud Case Study

1. The three aspects of fraud - Perceived pressure, Rationalization, and Opportunity were present in the CIT case as follows:

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Did Westby commit fraud? Fraud constitutes the making of false statements (1) with the knowledge of its falsity or reckless indifference to the truth (2) the intent that the listener relies on it (3) the result that the listener does so rely on it, and (4) the consequence that the listener is harmed.

We have to always make sure that we respect confidential information and clearly explain to any angency workers about policies relating to confidnentialy

On 02/20/2017, I, Officer Rivera Ayala, DSN #232, responded to 201 Prairie St. in reference to a Fraud. Sgt. McMichael also responded.

The amount listed is the enrollment agreement was 10,020.00 which gives a difference of :

The reporting party (RP) stated her two granddaughters Harper Lopez age 2 years and Luciana Lopez age 4 is receiving care and supervision from the providers Tosha and Vincent Cuvea. In addition to the RP two grandchildren the providers are care for children from 5 different parents. According to the RP the two children receives care from a licensed provider Ruth Veile (Facility #313613048) during the day and spends the evening with the unlicensed provider. Subsequently the children are in care for several days at a time while their mother is away. The RP stated Tosha Cuvea is a fabricator and a fraud.

Q: If the ministry is aware of the urea fraud situation? If so, can the ministry say estimate the proportions of the problem (% of illegal trucks)?

In a scheme based in New Jersey and set to spread to eleven other states, Sheila Kahl, admitted to participating is a $1 Million Dollar Medicare fraud scheme. Along with her accomplice, Seth Rehfuss, convinced senior citizens to get genetic testic. The two fraudsters received commissions based off of the quantity of test that were ordered. To escalate matters, the two fraudsters used craigslist to locate healthcare providers that would work with them. Additionally, the two fraudsters also paid kickbacks to the healthcare providers that signed off on the testing for the senior citizens. (Pressofatlanticcity.com," n.d.)

You did an excellent job answering this week’s discussion board question. You discuse4d several excellent way to identify possible indicator an employee may be involved in fraudulent activity. Being vigilant of changes in employees’ performance, behaviors, and habits is a key way to identify employees that may be involved in fraudulent activity. However, this also applies when considering hiring new employee, especially if they will be in direct contact with sensitive information. Pre-employment checks, such as credit checks and background checks, are ways to prevent form hiring employees that might commit fraudulent active. I also noticed that you mentioned that employees that don’t go on vacation very much or at all may indicate

Healthcare fraud is costly for everybody, as it harms the reputation of the institution or physician committing it, and financially damages the patient being affected.By definition fraud may be defined as intentionally employing surprise, trickery, cunning, deception and unfair ways by which one party cheats another party out of financial resources. In order to educate a healthcare manager regarding fraud , many aspects of fraud must be assessed. This includes the types of fraud, the consequences that come with fraud,the individual(s) committing them, techniques to prevent fraud, and why the healthcare industry is vulnerable to fraud.

Many organizations have been in the news over the past few years due to accounting ethical breaches that have affected their customers, employees, and the general public. I searched the Internet to locate a story in the news that depicts an accounting ethical breach. I selected Krispy Kreme. I enjoy their hot donuts and was curious to learn more about how they played with the numbers. For some reason I always want to dig into the trickery behind the manipulation of financial statements.

The perfect fraud storm occurred between the years 2000 and 2002 involving two of the largest energy and telecom corporations in the United States: Enron and WorldCom. It was determined that both organizations fraudulently overstated assets, created assets from expenses or overstated revenues, costing investors billions of dollars and resulting in both organizations declaring bankruptcy (Albrecht, Albrecht, Albrecht & Zimbelman, 2012). Nine factors contributed to fraud triangle creating this perfect fraud storm, and assisting management in concealing the fraud until exposed and rectified.

A business can not work out without an account system, which includes internal. Internal controls are used by companies to make sure financial information is accurate and valid. Strong internal controls are signs of a financially healthy company and protect the company’s integrity. Strong internal controls can also increase a company’s profitability. There are several types of internal controls that companies used to protect themselves such as: Segregation of duties, asset purchases, supervisor review, internal audits and adequate documents and records. This paper will discuss several topics from a case study about And the Fraud

Finally, we also observed that the cashier deposits mail receipts in the bank weekly. The internal storage of cash on the premises of the Company is not advisable for obvious reasons- theft, robbery, and unauthorized access. Employees with other intentions can alert external cohorts to raid or rob the Company at night or at another time to gain access to the cash stored on the premises. Additionally, the storage of the cash on the premises presents a "working hazard" for the employees as outsiders wanting to gain access to the cash may subject them to unwanted raids. The use of a bank on a daily basis contributes significantly to good internal control over cash. The company can safeguard the cash on a daily basis by using a bank as a depository and