Fraud Case : A Case

On 09/07/2016, I spoke with Janna Rolfe in the Pasco Sheriff`s Office District II Lobby in reference to a Fraud, Other Jurisdiction.

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

Tyco International Ltd. is a security systems company founded in 1960 by Arthur J. Rosenberg. The company is incorporated in Switzerland with U.S. headquarters in Princeton, New Jersey. It is currently composed of two major business segments: Secu-rity Solutions and Fire Protection. For fiscal year 2001, the company had revenue of $36 billion and roughly 240,000 employees worldwide. Tyco shares closed at a high of $59.76 on the New York Stock Exchange in December 2001. After the corporate fraud scandal of 2002, the company stood $28 billion in debt and its shareholders had lost over $90 billion, more than 80% of Tyco’s peak market value.

The case of Sacco and Vanzetti, two italian anarchists took place in 1920. They were “falsely” convicted of robbing a paymaster and killing the guard. They bonded over their ideal of anarchism and used violence to fight against violent and unjust governments. Their case caused extreme tension between immigrants and American people. Thousands of people around the world were devastated by this case and began to speak up. Although their innocence was supported by many people, Sacco and Vanzetti were executed off of deceptive evidence. This increased the amount of hatred Italian immigrants had against Americans.

After a year of battle in court Sherri Shepherd and her estranged husband Lamar Sally have settled their divorce and have come to terms with a child support agreement.

Mr. Elgindy and his partner, Derrick W. Cleveland, sold short the shares of companies that they learned were under investigation, according to the indictment. (Short sellers borrow shares and sell them, hoping to get them back later at a lower price and pocket the dispute.) Then Mr. Elgindy promoted the negative information on two Web sites he ran, hoping that the companies stocks would fall, prosecutors

In order for the Statute of Frauds to be met for a real estate contract, the contract must be in writing. Additionally, the Statute of Frauds break down into three components: Signature, Description, and Price. The component of signature has a set requirements of being signed by the party who is going to be charged and states the identity of the purchaser and the seller. Specifically, in this case this requirement is not met, the parties are not correctly identify and nor is it signed by the purchaser, ie Ray Parker Jr. The second component of description requires that the agreement to describe the land covered well enough that the 3rd person will be able to locate the boundaries. In the case at hand the only description within the agreement

City has commenced a lawsuit against. Winston based on the following causes of action: Constructive fraud is to unintentionally plan to deceive someone for the purpose to make money for products or services. For example; participating in an unfair transaction in which the other party is at a disadvantage. In this case, Winston did not follow the auditing regulations that hold him liable to report any findings of concern to management and to the Board of directors. The failure to report his suspicions of the embezzlement by Bells bookkeeper, Winston is responsible to the third parties that used his unqualified opinion as part of their decision making process and to City based on constructive fraud. City is likely to prevail against Winston based

Phar-Mor, a discount drug store chain, was established in 1982. They would offer medications at a 25-40% discount rate by buying in bulk and reselling. By 1987, there were almost 100 stores in business. In 1988, there was an investigation of lower than expected profit margins which revealed a billing type scheme involving un-received inventory. Tamco, its sister company, would bill Phar-Mor for inventory that was never received which led to costing Phar-Mor $7,000,000 and therefore reporting a $2,000,000 profit that year.

John was referred to therapy by the court, as part of a rehabilitation program. He is serving time in prison, having been convicted of grand fraud. The scam perpetrated by him involved hundreds of retired men and women in a dozen states over a period of three years. All his victims lost their life savings and suffered grievous and life-threatening stress symptoms. He seems rather peeved at having to attend the sessions but tries to hide his displeasure by claiming to be eager to "heal, reform himself and get reintegrated into normative society". When I ask him how does he feel about the fact that three of his victims died of heart attacks as a direct result of his misdeeds, he barely suppresses an urge to laugh out loud and then denies any

Richard Scrushy, former Chief Executive Officer of HEALTHSOUTH Corporation, was ultimately charged with one count of conspiracy, ten counts of money laundering, thirteen counts of wire fraud, seven counts of mail fraud, two counts of securities fraud and lying to United States investigators, two counts of falsifying statements, and one count of falsifying certifications. The charge of securities fraud led to a probe of possible insider trading in his sales of HEALTHSOUTH stock. There is evidence which supports that HEALTHSOUTH’S administration began fraudulently “cooking the books” in the mid 1990s in an effort to build a sophisticated corporate Empire by:

These 4 men created elaborate money laundering schemes and lies, with over 20 shell companies and involving several vendors, with up to 150% markup on products. Some companies included are American Flags, t-shirts, pharmacy/medical supplies, landscaping, and uniform companies. Second rounds of arrests and indictments came

Here in Texas (the state where I lived) the elements of a cause of action for fraud are essentially the same as common-law fraud. And in order to claim fraud the plaintiff must show (1) that a material representation was made; (2) the representation was false; (3) when the representation was made, the

Detecting a fraudulent claim of workers' compensation begins with an employer or insurance company becoming suspicious of the claim. There are certain classic red flags of fraud. For example, the injury was allegedly to have happened right before or right after a weekend or holiday. It is common for people to have a real injury, it simply did not occur at work, and it is therefore not eligible for compensation.

The Phar-Mor Inc. was founded 1982. The Phar-Mor company is located in about thirty-four states with at least 20,000 employees. However in 1992 they had to file bankruptcy due to fraud one of the biggest cases before Enron. Phar-Mor Inc. consist of fictitious inventory that were used to cover up operation losses, personal expense that Monus’s used for his World Basketball League, but he hid them in the inventory expense account for several years. He had others to help him cover up the loss, such as: CFO, the Controller and Vice President as well as the accounting manager. So this fraudulent activity of Phar-Mor was strictly top management that included the people who should have whistled blow the problem and that was the accounting firms, auditors but they helped Monus cover up the fraud for years that cause investors and employees over $500 million dollars.