...[pic] C I T Y O F A T L A N T A |Kasim Reed |226 Peachtree Street, SW |Atlanta Police Department | |Mayor |Atlanta, Georgia 30303 |George Turner | | |(404) 817-6900 |Chief of Police | May 19, 2009 John Blasingame 2759 Engle Rd. NW Atlanta Ga. 30318 Atlanta Police Department Case #: To whom this may concern, The Zone-1 Investigations Unit has received the crime you reported to our agency. I have reviewed the incident as reported, but at this time there is not enough evidence to locate a suspect. There are a number of variables for the investigation of Fraud cases. These include, but are not limited to, jurisdiction over the crime, the identity and location of any suspects, the availability of any real leads in the case, the amount of actual loss, the location of the person and company suffering the actual loss. Although many citizens report that they have been the victims of a financial crime, the merchants or companies that are used in the crime are the ones who usually suffer the actual loss. This means that if a suspect passes a forged check or uses a stolen credit card, the account holder...
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...99 Chapter 8 Litigation Services Provided by Accountants CHAPTER SUMMARY Overview This chapter explains what standards apply to accountants when they perform litigation services, discusses how to qualify as an expert witness, gives tips for testifying at a deposition or trial, and points out the potential liability that accountants risk when they testify at trial. Litigation in the United States ¶8001 U.S. Tort Costs Climbing The U.S. tort system cost $248.1 billion in 2009, which was about $808 per U.S. citizen ($12 in 1950). U.S. tort costs accounted for 1.74 percent of GDP (2.09 in 2002). Increasingly inefficient, the U.S. tort system returns less than 50 cents on the dollar to people it is designed to help; only about 22 cents to compensate for actual loss. ¶8006 A Dispute Begins There are two different courtroom environments: civil and criminal. Some experts believe it is more difficult to convict in a criminal trial (e.g., Casey Anthony). Types of Litigation Services Provided by Accountants ¶8011 Consultant An accountant may be hired by an attorney to gather and interpret facts, prepare analyses, help the attorney interpret evidence, advise about issues and strategies involved in a legal matter, locate other accountants to act as consultants or expert witnesses, and help expert witnesses form their opinions. Accountants acting as consultants will not be asked to testify in a judicial or regulatory proceeding, and their work usually will be protected from disclosure...
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...Check Fraud and Check Washing MG 261 Check Fraud and Check Washing Table of Contents Introduction _________________________________________________________3 Check Fraud_________________________________________________________3 Check Washing_______________________________________________________5 Union Planters Bank, N.A. v. Rogers______________________________________6 Conclusion___________________________________________________________7 References___________________________________________________________8 Introduction In 2002 DreamWorks produced a block buster film starring Leonardo DiCaprio and Tom Hanks titled “Catch Me If You Can.” This film portrays the glamorous lifestyle and subsequent fall of perhaps the most infamous check fraud perpetrator of all time, Frank Abagnale. Fraud is defined as “deceit, trickery, sharp practice, or breach of confidence…” (Dictionary.com, 2012). Check washing is when a person would “…erase the ink on a check…and rewrite the check to themselves increasing the amount payable…” (Center, 1995-2009). If you saw “Catch Me If You Can,” this is what you witnessed Mr. Abagnale doing with the Pan Am pilot paychecks. Both of these types of fraud are very simple ways to steal from the consumer when they least expect it. Check Fraud According to the National Check Fraud Center, “check fraud is one of the largest challenges facing businesses and financial institutions today.” With the availability of home computers equipped...
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...Morgan Cannon OA2 2/4/2014 Dr. Buckhoff Acct 4631 OA2 1. What was the main reason for the appeal in this case by Kramer? The jury convicted Kramer on both drug counts that he was indicted for. These charges were “conspired with unidentified persons to distribute large quantities of marijuana and amphetamines during the years 1977 and 1978, that on one occasion in 1977 defendant had distributed some 1,000 pounds of marijuana” (Westlaw, Kramer vs. US, pg. 1). The evidence used to support this case was retrieved from trash bags by policemen on Kramer’s property. These trash bags were to be garbage set there for a private garbage removal service to pick up. The policemen did not have a warrant to take this garbage, but they did so anyway, took it back to the station, and searched through it piece by piece. Kramer appealed this, saying that his garbage on his property is protected by the Fourth Amendment. He thought his garbage was private property that could be searched through or looked at by anyone but himself. Kramer was very mistaken by this. The Fourth Amendment does not protect possessory interests in land. A trespass invades someone’s right of possession. It does not have anything to do with privacy. Preventing others from using one’s land in the circumstances here is not a privacy interest. Kramer’s appeal was denied under these circumstances. 2. What was the final ruling by the court in regards to the admissibility of the evidence? As I stated above, Kramer’s...
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...Sarbanes-Oxley Act.2002 Darrell Kelley LAW/412 June 27,2013 Mark Reed Sarbanes-Oxley Act.2002 In this essay one will be discussing Enron, the illegal activity of Enron and the establishment of the Sarbanes-Oxley act 2002. Also one Discusses the ethical views in todays business world and the criminal penalties that the Sarbanes-Oxley Act provides Enron was an American energy business in commodities and services company based out of Houston, Texas. Enron was a rapid growing corporation that organization goal was in producing natural gases, communications, electricity, pulp and paper with was once believed to have had employed approximately over 18,000 employees (Frontain). With monopolizing in such resource ventures Enron was once believed to have made well over 100 hundred billion dollars in revenue. In the height of Enron’s success of banking in million of dollars through out their empire there were also faulty accounting be done internally. Thousand to millions of dollars being signed off to hire up E of the company leading to questioning of the money (Frontain), account scandals and audits. By the early 2000’s Enron was in over their head in fraudulent financial documents, having less than enough funds to payback what was owed, as well keeping employees on payroll Enron made the move of filing bankruptcy leaving whatever ethical, moral responsibility they have had abandoned. With Enron’s fraudulent financial secrets and bankruptcy being brought...
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...charges me a lower rate then the actual rate. The difference between fraud and misrepresentation in my opinion is that with fraud, the party is stating a factual wrong, knowingly; with misrepresentation is a bit sticker to explain in that say you are in retail and you are selling vaccuum cleaners for a company that has given you the speal to read to your potential buyers stating it does this and that, however you may not know for sure if it does this and that but it's your job to tell potential buyers all of the features, and let's say it doesn't do something it is supposed to, that is what I feel is misrepresentation. Altough it may be innocent on the part of the employee who was trained to say these things, but it could be potential fruad of the company, if they know for a fact it does not do these things they promise it does. If I sell a person a car that I knew had been flood damaged, and the buyer has asked me whether or not it has had flood damage and I tell him it has not, that to me is fraud. If I sell a person a car that has had flood damage, but I didn't know it had the damage because the person I bought it from didn't tell me, and I...
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...Please remember what discussed on the LIBOR scandal(market abuse, impact on the banking sector, stakeholders, clients, financial system etc) during our lab sessions. As you can see in the Financial Times article, the LIBOR scandal is in the same league as the Enron and Lehman Brothers fraud cases so you MUST mention this in your paper. If you are not clear on how LIBOR fits in the big puzzle and impacts EVERYONE to the common man on the street, please speak with me in class or ask your groupmates :) Please remember what discussed on the LIBOR scandal(market abuse, impact on the banking sector, stakeholders, clients, financial system etc) during our lab sessions. As you can see in the Financial Times article, the LIBOR scandal is in the same league as the Enron and Lehman Brothers fraud cases so you MUST mention this in your paper. If you are not clear on how LIBOR fits in the big puzzle and impacts EVERYONE to the common man on the street, please speak with me in class or ask your groupmates :) If the US definition of one includes Federal Deposit Insurance Commission (FDIC) insured deposits, then by logic, Singapore's encompasses the SDIC insured deposits (Singapore Deposit Insurance Corporation limited to 50,000 sgd introduced in 2011, after the global financial crisis, by who??...it's your job to figure all this out during your group work and explain what the rules and regulations are and how best Victor bank's stakeholders etc should meet their obligations/duties...
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