Grand Fraud Case Study

This essay will investigate the serious problem of forgery and a way of how this problem can be controlled.

In the scenario, three individuals, Joe, Larry, and Bob, were convicted criminals and who were speeding in a stolen vehicle, when they saw a group of rivals. Joe was in the passenger seat warning the others that he was going to shoot at the rival members with a weapon he concealed it in his waistband; Larry the driver, drove the vehicle closer to the opponents. At the stop sign, Bob, who was in the back seat, left the car because he was on parole and didn’t want to go back to imprisonment. Afterwards, Larry drove past the adversaries as Joe discharged a few shots; one individual was murder and the other was shot in the leg.

In this case, there are several conspirators who is involved in the fraud receiving punishment from either SEC or federal government. Robert Levin, the AMRE executive and major stockholder, and Dennie D.Brown, the company’s chief accounting officer, were subject to the punishment in the form of a huge amount of fine by the SEC and the federal government. This punishment came from reasons. After AMRE going public, the company have the obligation to publish its financial reports but its performance did not meet expectation. The investigation by SEC shows that Robert took the first step of this scam, fearing the sharp drop of AMRE’s stock price because of the poor performance of company. He abetted Brown, to practice three main schemes to present a false appearance of profitable and pleasant financial reports. Firstly, they instructed Walter W.Richardson, the company’s vice president of data processing, to enter fictitious unset leads in the lead bank and they originally deferred the advertising cost mutiplying “cost per lead” and “unset leads” amount, so that they deferred a portion of its advertising costs in an asset account. The capitalizing of advertising expenses allowed them to inflate the net income for the first quarter of fiscal 1988. Secondly, at the end of the third and fourth quarters of fiscal 1988, they added fictitious inventory to AMRE’s ending inventory records, and prepared bogus inventory count sheets for the auditors. Thirdly, they overstated the percentage

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

Det. Patel was interviewed as a subject officer. He stated that on Tuesday June 9, 2015 he worked a 0800 X 1600 tour, and was assigned as an investigator. He stated that he could not recall being notified in regards to Shawn Thomas's arrest on June 8, 2015 by TD-30, or that Mr. Thomas had an active I-card out of the 110 Squad with probable cause to arrest for Grand Larceny. He did confirm that it was his tax number use d for the inquiry and that no one else had access to his computer password. Based on this information, he acknowledged that he did conducted the inquiry. He could not recall conducting an ESP Inquiry on Tuesday June 9, 2015, at 0913 hours on the name Shawn Thomas, and did not know why he would have conducted the inquiry. He could

Statue of fraud requires that some contracts be in writing, so that the contracts can be enforced to satisfy order within the statue of fraud. Johnny and Mark both needed a lawnmower, and went to the salesmen together, which made them both liable for the contract. The salesman agreed to extend Johnny’s loan if Mark agreed orally agreed to pay the contract if Johnny defaulted. Under the Statues of fraud this would be called a collateral promise. Primary v. Secondary obligations! A promise to pay the debt if the primary does uphold the contract the contract then reverts to the secondary. Mark contracted to stand surety for Johnny.

On February 27, 2014, the Department of Human Services, Office of Program Review, Monitoring and Investigation (OPRMI), Fraud Investigations Division received a 726 form alleging that John Jones (Jones) is receiving dual benefits in both DC and Maryland.

I think it is interesting that you mentioned that O’Peele had signed off prescriptions for the electric power chairs using a purchased Medicare list. It showed how the government lacks some form of fraud protection. Medicare was paying for the wheelchair before making inquiries about what they were paying for. Medicare could probably detect fraud easier if bills where sent more promptly to patients before making payments. It makes me think of the high amount of pre-approved visits a person has when they visit a specialized doctor. It’s like once you see the doctor once and do not have to come back do they keep trying to bill for those pre-approved visits.

On June 6, 2016, AP closed an internal fraud refund case at the Bay Rockland store for a value of $483.14. AP was alerted by exception report that a NBR was done to a credit card. The DVR was reviewed and showed that the associate processed a false refund using random merchandise from around the cash counter. Investigation revealed that the credit card involved belonged to the associate. During a live surveillance the associate did another false refund on the same credit card. The associate has been arrested and interviewed, during the interview the associate admitted stealing merchandise and doing his own auto-locate by changing the regular

SRM received notification from the New Jersey Department of Human Services that they are investigating financial exploitation for this client. SRM Spoke with the Client on 4/10/2018 and there were other parties present. One of the people with the client was Louise Helder and she advised she's the Client's neighbor. Per the Client and his neighbor, she assists him by writing checks to pay his bills and that he needs the $11,000.00 to pay bills.

Mayes and other physicians at his former office, Heritage Medical Practice, had referred patients to Berkeley HeartLab in exchange for fees. Mayes said Monday he referred patients to Berkeley for a few months in 2010, after a company representative told them the referral fees were legal. He stopped after realizing the fees weren't legal and noticing the company was performing cholesterol tests he had not ordered on blood samples. At the time, Berkeley and other companies were promoting genetic tests as a way to get a better look at cholesterol levels. He contacted the company's representative about the tests, asking them to stop the practice, but it continued. When he asked patients to bring in their insurance explanation of benefits, one showed

According to both Zac Cole in his article on Beattiecole.com (Cole, 2016) and to the authors of the SlideShare piece on the history of pay-per-click (ROI Marketing, 2014) the first recorded use of pay-per-click ads was on the internet gateway software Planet Oasis in 1996. Planet Oasis sold advertisers space in their online city which acted as a browser but with access only to those sites which were prepared to pay for visitors. The same year an early online search engine, Open Text Index, started offering better positioning for search results using a pay-per-click system. They however did so without the niceties of letting the users of the site know that that is what was happening causing quite the controversy.

The news article from Abc News, which was labeled as School $46 Million Fraud Scheme, seemed to be the strongest source as I looked through the news. The main purpose that came from this article, was to let the public know that without knowing your children could be enrolled in something that they don’t even attend. They want to bring this kind of stuff to parents’ attention, because what if someone’s child was an addict and wasn’t getting the help they needed because of people scamming? People also need to be aware of these situations because this just shows that you may trusted these people that are actually scamming the system.

Fraud continues to cost American businesses millions of dollars every year. The Association of Certified Fraud Examiners, or ACFE, prepared a detailed report in 2012 as well as a corresponding infographic to detail the devastating effects of fraud on global businesses. According to the ACFE infographic, the average organization loses five percent of its total revenue to fraud.

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