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132 Resources for

Fraud

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BNET Business Dictionary

Fraud: the use of dishonesty, deception, or false representation in order to gain a material advantage or to injure the interests of others. Types of fraud...; Fraud definition on BNET »

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Police Probe Fraud at HSBC: LONDON (Reuters UK) - Police are investigating an alleged attempted fraud at Britain's biggest bank, HSBC Holdings (HSBA), the bank said on Thursday, which is estimated to involve about 70 million pounds. HSBC said no customer funds were involved and that no money had been...; Tags: Bank, Fraud, Litigation, Financial Services, Business Operations, Hsbc, Oukbs; News items 2008-05-01
Prosecutors in NY Form Subprime Task Force: By Martha Graybow NEW YORK (Reuters) - Federal prosecutors in New York have formed a task force together with other government agencies to examine the collapse of the market for risky home loans, a spokesman for the U.S. Attorney's Office in Brooklyn said...; Tags: Federal government, Brooklyn, Doral Financial Corp., federal prosecutor, FBI, attorney, collapse, spokesman, New York City, New York, Microsoft Office, U.S., accounting, agency, Thomson Reuters Corp., financial, sales; News items 2008-05-05
Fighting Fraud in a Down Market: What can insurers do to combat fraud? Aging technology and inefficient processes often prevent the detection and prevention of fraudulent claims, which in turn hurt long-term profitability. Fraud is a growing concern, particularly in today's weak economic climate, in which consumer exaggeration to improve claim payouts is becoming more prevalent....; Tags: Litigation, Accenture Ltd., fraud, insurance; White papers
Reinsurance Fraud - Ten Steps to Identify and Avoid Dubious Reinsurers: This paper furnishes ten steps in detail on how to shield against dubious reinsurers. The paper states every assertion made by a reinsurer can, and should be, verified, validated, and ultimately disproved. Taking such action prior to placing business with such a company can eliminate phenomenally costly and highly...; Tags: Insurance, reinsurance; White papers
Check Security Features and Positive Pay are Still the Strongest Methods for Preventing Check Fraud in a Check 21 Truncated Environment: The article refers to the Electronic Banking & Transaction Processing. AP Technology's Transporter provides commercial bank clients with the ability to conduct unattended interaction with their bank's cash management website for purposes of sending and receiving files, data, and documents. It is a small program that resides on the client's...; Tags: Financial services, bank, Check 21, electronic banking, environment, Web site, computer, Web; White papers

Understanding WorldCom's Accounting Fraud: Did Groupthink Play a Role?: WorldCom, Inc. perpetrated the largest accounting fraud in U.S. history. WorldCom, now called MCI, emerged from bankruptcy protection on April 20, 2004 after being fined $750 million. In total, WorldCom reported accounting irregularities of $11 billion. While employees and investors look for individual culpability, much of WorldCom's organizational structure and...; Tags: Litigation, Operational accounting, Financial services, AllBusiness.com, WorldCom Inc., accounting, fraud, bankruptcy protection, organizational structure, bankruptcy; White papers
Too Good to be True: Financial Instrument aka Prime Bank Note Fraud: The most prevalent fraud from the mid nineties to today has been the offering of credit notes allegedly issued by major banks. This type of fraud is now hitting the Internet. The relevant "Financial Instruments" are referred to as prime bank notes or standby letters of credit. This white paper...; Tags: Litigation, Financial accounting, financial instrument, fraud, bank, financial, Internet; White papers
Organized Crime Imposes Fraud Tax on NY Drivers - Reforms Needed to Close Loopholes: This paper identifies the way to deal with fraud in auto-insurance sector. Two million dollars a day is stolen from honest New York drivers, according to the Insurance Information Institute (I.I.I.). The best way to combat auto insurance fraud is to take the economic incentive out of this crime. The...; Tags: Litigation, Insurance Information Institute, loophole, fraud, incentive, insurance, tax, benefit; White papers
When Criminals Come Calling: With less money to devote to prevention, small businesses routinely find themselves on the receiving end of fraud. Over the years, business owners and local business groups have become better at spotting red flags, but the problem remains because scam artists have also adopted new methods. Similarly, while technology has...; Tags: Litigation, American Express Co., fraud, small business, tool; White papers
Anti-Fraud Programs and Controls: Combating Fraud and Misconduct Risk: Management is responsible for developing and implementing programs to prevent, deter, and detect fraud. The types of programs and relevant controls chosen by management are discretionary, and further, dependent upon the organization's view toward, and assessment of, fraud and misconduct within the context of its culture, industry and operations. Proper...; Tags: Litigation, Protiviti, fraud, board, industry; White papers
Academia Responds to the Need for Fraud Training: The shortage of number crunchers combined with the demand for the detective skills of corporate crime cops has increased the need for fraud and forensic training. Currently, there are more than 200 schools around the world that offer courses accredited by the Association of Certified Fraud Examiners (ACFE), up from...; Tags: Litigation, Workforce management, Protiviti, fraud, training, accounting; White papers
Educating the Audit Committee About Fraud: Despite what businesses may tell themselves, there's no getting around it: fraud happens. And no matter how diligent auditors are as guardians of a company's risk management, control, and governance processes, fraud can still occur - even in the best-managed organizations. Employees can commit fraud in any organization at any...; Tags: Litigation, Protiviti, fraud, risk management, environment; White papers
Auto Insurance Rate Increases Fall by More Than Half: Fewer Accidents, Crackdowns on Fraud and Abuse Among Reasons - Some Drivers are Seeing Rates Drop, Reports Insurance Information Institute: This article states that the cost of auto insurance is expected to rise by 3.5 percent in 2004, the smallest increase in four years. The declining number of auto accidents due to better drivers and safer cars and crackdowns on fraud and abuse are behind the trend, though rising costs...; Tags: Policies and procedures, Litigation, Insurance Information Institute, crackdown, accident, fraud, insurance; White papers
Internal Audit's Role in Identification and Investigation of Frauds and Other Financial Reporting Irregularities: The Sarbanes-Oxley Act, which Congress passed and President Bush signed last year, is one result of the public backlash against the rash of corporate scandals that have been coming to light. The act includes a variety of measures to improve corporate governance; including new reporting requirements to restore trust in...; Tags: Financial Planning, Financial accounting, Protiviti, financial reporting, irregularity, fraud, financial, corporate governance, Sarbanes-Oxley Act, audit; White papers
No-Fault Auto Insurance Fraud Reaches Epidemic Proportions in NY - Reforms Needed to Stem Rising Cost of This Crime: This paper deals with the pros and cons of No-fault system. Under the current no-fault medical system, (sometimes called personal injury protection or PIP) criminals have 180 days to submit medical bills after an accident, while insurers have only 30 days to pay or deny a claim - even if...; Tags: Litigation, Insurance Information Institute, fraud, accident, benefit; White papers
Scanning Cross-Border Payments Against Watch Lists: Innovative Fraud-Detection System Insulates Company From Risk and Fraud: When Fin-Force, a leading third-party payment processor, set out to protect its assets from risk and promote customer service, it looked to EDS to help implement a best-in-class risk analysis solution. EDS not only optimized the scanning solution and completed testing within the aggressive timeframe, it also executed several production...; Tags: Operational accounting, Electronic Data Systems Corp., payment, risk analysis, customer service, asset; Case studies
Bayou Co-founder Sentenced to 20 Years in Prison: By Leslie Gevirtz and Martha Graybow NEW YORK (Reuters) - A U.S. judge sentenced the "mastermind" behind the collapsed hedge fund Bayou Group to 20 years in prison on Monday, a sentence that reflects the big losses suffered by investors in the $400...; Tags: Financial accounting, Israel, hedge fund, fraud, investor, financial, lawyer, financial statement, New York, U.S., Thomson Reuters Corp., commission, audit, CEO, finance, career; News items 2008-04-14
How The Smoking Gun Exposed a Fraud: In the wake of the L.A. Times scandal, I asked Bill Bastone, Editor of The Smoking Gun, how he and his colleagues came up with their scoop. Here is his reply: "A couple of the FBI documents were posted, as part of a big...; Tags: FBI, Fraud, Federal Government, Government, David Weir; Blog posts 2008-03-27
How The Smoking Gun Exposed a Fraud: In the wake of the L.A. Times scandal, I asked Bill Bastone, Editor of The Smoking Gun, how he and his colleagues came up with their scoop. Here is his reply: "A couple of the FBI documents were posted, as part of a big...; Tags: Federal government, David Weir, FBI, Smoking Gun, James Sabatino, Bill Bastone; Blog posts 2008-03-27
Handling Online Payments: If your business sells its products or services online, it goes without saying that your online payment system must work flawlessly. If not, your credibility will vanish in a heartbeat. Your system must be easy to use and unfailingly secure. Consumers won’t tolerate a long, cumbersome purchasing process, and they...; Tags: Operational accounting, Financial services, BNET Editorial, online payment, payment, payment option, credit card, fraud, debit card, shopping cart, B2B, C, U.S., environment, Web site, Web, sales, Internet; Articles 2007-10-16