Fraud Case Study

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.

     The real estate industry is thriving with approximately sixty-eight percent of all Americans being homeowners. With low interest rates, 1st time home buyer down payment assistance programs, and government funded educational opportunities (i.e. the Home Ownership Center of Greater Cincinnati), the real estate and mortgage lending industries will continue to flourish. However, there are some unethical lending practices that are threatening the housing industry as a whole.

Traditionally, there are three types of mortgage fraud that are the most common and well known. These three types are “fraud for profit”, “fraud for housing” and a third type that deals with overestimating a property’s value or submitting a false appraisal (Schmalleger, 2016). A relatively new fourth type of mortgage fraud that quickly escalated following the economic crash of 2008 involves a series of scams claiming to save property owners from foreclosure.

The real estate industry is thriving with approximately sixty-eight percent of all Americans being homeowners. With low interest rates, 1st time home buyer down payment assistance programs, and government funded educational opportunities (i.e. the Home Ownership Center of Greater Cincinnati), the real estate and mortgage lending industries will continue to flourish. However, there are some unethical lending practices that are threatening the housing industry as a whole.

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

Consumer Fraud happens when customers are enticed to buy a product that is being sold and are unaware the person behind this is deceiving them. Unfortunately, retailers and manufacturer’s find ways they can make a quick buck while taking short cuts even if harms the consumer. One of the issues lies with auto-repairs, there was an investigative reporter that went to many different auto repair shops to see if they would tell him that certain things needed to be fixed on the car. What the autoshop’s didn’t know is that the car was in excellent condition. He was able to catch them being dishonest and charging him for things that didn’t need to be done. Beware of telemarketing fraud because that call might just cost you a pretty penny. Telemarketers like to put people on the spot and before you know it you have bought a product for a larger amount of money than it is worth. They could also try to con you into investing money in foreign currency for half the cost but then your money is never invested but stolen. False advertisement is another ploy to make money by giving the consumer the lesser product. For instance, once case for Beech-Nut Corporation baby food products advertised a juice as 100% fruit juice with no sugar added when in fact it didn’t even contain apple juice. Another form of false advertisement is the bait and switch which is

On August 25th 2015 Co-Founder of OXYwater Preston J. Harrison and his Wife Lovena Harrison were sentenced for Wire Fraud, Money Laundering and Tax Crimes. (Investor Claims, August 2015). I chose this case because it has many different types of fraud, including wire fraud, money laundering, and tax fraud, conspiracy to commit fraud, concealment of fraud, theft and misappropriation of funds. What makes this case so interesting is that the husband and wife co-owners of OXYwater are not the only criminals. Their co-conspirator was Thomas E. Jackson;

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

It is important to first gain an understanding of the various types of fraud, in order to aid understanding in regards to the prevention of fraudulent activity. This paper begins with a review of the definition of financial fraud, and identification of the different fraud types. Further, included is an examination of what motivates individuals to commit fraud, including an identification of some of the method in which people commit fraud. A discussion of the importance of the fraud triangle, and how rationalization contributes to fraud is a key area of focus. Finally, there is an examination of some controls that prevent and detect fraudulent behavior, including the value and importance of understanding the nature of fraud for

New Jersey Oncologist, Practice and Practice Manager Pay $1.7 Million to Resolve FCA Allegations Involving Billing for Illegally Imported Chemotherapy Drugs

The case of former Virginia Governor Robert McDonnell and his wife, Maureen McDonnell was an important game changer in politics. They were indicted by the Federal Government on bribery charges. These charges were due to the acceptance of more than $170,000 in loans, gifts, and other benefits by a Virginia businessman, Jonnie Williams, while the Governor was in office. Jonnie Williams was the chief executive officer of Star Scientific, which is a Virginia-based company that developed a nutritional supplement made from anatabine, a compound found in tobacco. This nutritional supplement called Anatabloc. William claimed that Anatabloc had healing powers and wanted to continue the research on anatabine. Therefore, William wanted the Governor’s

bank executives, 16 ministers, 17 teachers, 18 policemen, 19 and, frequently, neophyte property investors. 20 In the federal courts, mortgage schemes are charged as bank fraud, 21 mail fraud, 22 and wire fraud 23 and, depending on the specific structure of the scheme, conspiracy to commit bank fraud, 24 money laundering, 25 aggravated identity theft, 26 bankruptcy fraud, 27 and/or false statements. 28 A handful of states have statutes that address mortgage fraud as a specific crime, 29 but in most state courts it is charged, if at all, as theft or grand larceny. Although the variety of schemes is infinite and limited only by the human imagination, 30 they are generally classified as either fraud-for-profit or fraud-for housing.

We already paid invoice#33806/17777 (please see below). As for Invoice#10225, Tina Scheiderwent our general/cost accounting manager had just mention to me today that she had been trying to get a hold of you guys about the SRS for this invoice but so far no response and had asked me to see if I can get a hold of you guys on my end. I was just about to email you. So do you guys have the SRS (Service Record Sheet) for this invoice?

Since the housing market bust, there has been an explosion in the number of federal investigation of mortgage fraud scheme across the country. Mortgage Fraud is a violation of state and

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