Internet Fraud Essay

1. Literature Review Crimes have been occurring in our society for many years and recently the occurrence of non-violent crimes has increased dramatically. Traditional and white collar crimes have two traits in common, an objective and a modus operandi, but the major difference is that a white collar criminal has a plan and also the ability, knowledge and technology to execute it (Nevis, 2012). White-collar crimes can occur at any occupational level and affects all parts of society, from big businesses

Rules, Regulations, Laws Established In operating his BTCST Ponzi scheme, Trendon Shavers violated the following rules and regulations acknowledged by the Securities and Exchange Commission (SEC): Sections 5(a), 5(c), and 17(a) of the Securities Act, Section 10(b) of the Exchange Act and Rule10b-5 thereunder (Securities and Exchange Commission v. Trendon T. Shavers and Bitcoin Savings and Trust, 2013). These violations pertain to the fraudulent business sales of securities, untrue statements that

Introduction: The cyber crime I have chosen is cyber-predators. Cyber predators are individuals who commit sexual abuse that begins or takes place on the Internet. Although the Internet did not create child predators, it has significantly increased the opportunities predators have to meet victims while minimizing detection. They can communicate with children anonymously through instant messaging, social networking sites, chat rooms, message boards, and even cell phones. Online predators do not

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

Cybercrime is a common crime that is done by a person to take advantage of computers or technology devices by receiving another person’s personal information or committing acts of fraud or larceny. Cybercrime has expanded since the technology era and has advanced with several new devices that allows information to be stored or recorded by gathering evidence that is pertaining to a crime. There are many types of cybercrime and anybody can be a victim by providing information through financial transactions

long-distance phone carrier (after AT@T) in the United States until a fatal accounting scandal that gave rise to the filing of bankruptcy in 2002. It owned a 45,000 miles nationwide network and provided cellular data, Internet besides widespread phone services. It handled 50 percents of US Internet and 50 percent of all E-mail services over the world. After bankruptcy, MCI, the merger of WorldCom and MCI Communications corporations at the price of $37 billion, continued WorldCom’s

crime ring with stealing prepaid debit cards data. And using that data to draw unlimited amounts of money from ATM’s ,Loretta Lynch, the U.S. Attorney in Brooklyn, said in a statement. This was a 21st century bank heist that reached across the Internet and stretched around the globe. In the place of guns and masks, this cybercrime organization used laptops and 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

Victims - Fraud in Small Businesses, 2016). Both large and small companies require a certain amount of protection from fraudulent acts. To be naive in thinking that fraud would never occur within a company would be reckless. There are three key objectives when operating a business, whether large or small. These objectives include prevention, detection, and response, and should be implemented into every companies operations. When exploring preventative techniques, there a seven recommendations made

International Cybercrime and Racketeering The word ‘racketeering’ commonly brings up the image of Al Capone and John Gotti. The mafia seemingly coined this phrase in their dealings with illegal organized crimes. The emergence of new technologies and the internet, racketeering has become synonymous with the phrase cybercrime. Cybercrime refers to “crimes in which the perpetrator uses their distinct skills with computer technology” to commit unlawful acts via cyberspace (Holt, Bossler and Spellar, 2105, p