Essay Scam

Online Fraud, E–Crime, and Internet Scams
In the mid–1980's, computer–related crimes appeared in the United States. Computer–related crimes
have now spawned into Internet crimes, and have raised issues regarding Internet security.
Essentially, the Internet has become a playground for criminal mischief. Basically, 21st–century
technology and Internet accessibility are providing arenas for criminals to use old–fashioned
techniques to take advantage of consumers. Recently, Internet crime rates have skyrocketed. The
FTC reported that in the last two years, Internet–related–shopping complaints have risen from being
10% of all consumer complaints to 30% of consumer complaints. Last year, 75% of online merchants
were concerned...show more content...
The loss of customer goodwill will be in the form of less site traffic. The merchants who are victims
of online fraud or e–crime feel their sites will lose traffic because customers who hear of the crime
may become worried about the security of the attacked sites.
The Top Ten "Dot Cons"
There are ten "dot cons" that are prevalent on the Net today. Auction fraud is the most common
type of online scam. Because the popularity of online auction sites has exploded, they are
particularly susceptible to fraud. In 1997, there were 100 reported cases of online auction fraud. In
1999, there were 10,000. The average victim of online auction fraud loses about $300 U.S. dollars.
The most common type of auction fraud happens when a bidder pays for an item, but never receives
the item.
The No. 2 con is Internet service provider scams. In this scam, a company will sign customers up for
Internet access and then put phony charges on the customers monthly phone bill. Usually, these
scam artists make it nearly impossible to cancel future monthly charges and receive refunds.
The No. 3 con is Web site design scams. This type of scam is similar to the ISP scam. It is based
on fraudulent billing. Scam artists will call businesses and offer free web pages. When the business
agrees to sign up, the scam artists start to charge exorbitant fees.
The No. 4 con is Net porn credit card fraud. Basically, an adult site
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Tax Scam Essay
People fall victim to tax scams every year. The IRS has put together a list of what it sees as the top
12 scams that people should be aware of not just now but throughout the year. The IRS warns not to
fall prey to the following:
1.Identity Theft – especially around tax time, is at the top of the list. The IRS continues aggressive
pursuit of criminals who file fraudulent returns using someone else's Social Security number. Remain
vigilant to avoid becoming a victim.
2.Telephone Scams – Threatening phone calls by criminals impersonating IRS agents remain an
ongoing threat. The IRS has seen a surge of these phone scams in recent years as scam artists
threaten taxpayers with police arrest, deportation, license revocation and more. More often than not,
the con artists demand payment of back taxes on a prepaid debit card or by immediate wire transfer.
Be alert to con artists impersonating IRS agents and demanding payment.
3....show more content...
Falsifying Income to Claim Credits – Do not invent income to erroneously claim tax credits. A scam
artist may try to talk you into this. You should file the most accurate return possible because you
are legally responsible for what is on your return. Falling prey to this scam may mean you have to
pay back taxes, interest and penalties. In some cases, you may face criminal prosecution.
11.Abusive Tax Shelters– Avoid using abusive tax structures to avoid paying taxes. The IRS
committed to stopping complex tax avoidance schemes and the people who create and sell them. Be
aware of people peddling tax shelters that sound too good to be true. If there is doubt, seek an
independent opinion regarding these complex situations or offers.
12.Frivolous Tax Arguments– Promoters of frivolous schemes encourage taxpayers to make
unreasonable and outlandish claims to avoid paying taxes. The law is clear that people must pay
their taxes. The federal courts have consistently upheld tax laws and the penalty for filing a frivolous
tax return is

Credit Card Fraud Essay
The advent of technology, in the form of credit card, brought in convenience and made life
simpler for us, but along with it came the Pandora's Box. While credit cards have made life easy
for us, they have also managed to make life easy for the crooks. While enabling us to purchase
things we fancy whilst seated on our couch, it has on the other hand made it easy for fraudsters to
guzzle away money that is not truly theirs.
In this paper, I would be:
i.Problem Statement ii. Introducing the topic about credit card fraud iii. Talking about different types
of credit card frauds iv. Current issues related to this fraud
v.Tools used for Credit Card Fraud vi. Future effects of this fraud vii. Credit Card Fraud Detection
viii....show more content...
The cost of credit card fraud worth of transactions was 7 cents per 100 dollars in 2006.If you
translate theses transaction would end up in billions of dollars.
Credit card fraud can be able performed by circumstance like the one we just mentioned, or it can
happen when your credit card falls into the wrong hands. All a person has to do is get these out of
your mailbox and mail them in with a change of address request and start spending. Someone can
even apply for a credit card in your name if they have the right information. You won't know a thing
about it until the credit card company tracks you down and demands payment for the purchases.
Credit card fraud can be extremely terrifying. The terrifying picture about it is that people rarely look
at their credit card statement. This means charges are often unnoticed. part though is that people
rarely look at their credit card statements.
TYPES OF CREDIT CARD FRAUD
Physically Stolen Cards
The primogenital procedure of credit card fraud is the brave robbery of physical cards by
offenders. Customers are vulnerable to robbery in any site where they are combined by outsiders
the bank, the superstore, even a busy city street. Expert thieves have skilled themselves to notice
symbols of interruption and change in for the slaughter when it seems that you are not disbursing
consideration. Taking your credit cards by such people leaks you to all method of scam.

Scams and Fraud in Stock Market
INDEX SR NO.| CONTENTS| Pg No| 1.| What is stock market?| 1| 2.| What is fraud?| 3| 3.|
Definition of fraud | 4| 4.| Fraud law & legal definition| 5| 5.| Definition of scam| 7| 6.| When
stock fraud occurs| 8| 7.| Financial statement fraud| 10| 8. | Features of security scam| 12| 9.| How to
spot stock scams| 13| 10.| Avoidingstock market fraud & scams| 14| 11.| Indicators for scams|
15| 12. | Top 10 stock market scams| 16| 13.| Top 10 scamster of India| 20| 14.| Conclusion| 33|...show
more content...
Fraud Law & Legal Definition Fraud is generally defined in the law as an intentional
misrepresentation of material existing fact made by one person to another with knowledge of its
falsity and for the purpose of inducing the other person to act, and upon which the other person relies
with resulting injury or damage. Fraud may also be made by an omission or purposeful failure to
state material facts, which nondisclosure makes other statements misleading. To constitute fraud, a
misrepresentation or omission must also relate to an 'existing fact', not a promise to do something in
the future, unless the person who made the promise did so without any present intent to perform it
or with a positive intent not to perform it. Promises to do something in the future or a mere
expression of opinion cannot be the basis of a claim of fraud unless the person stating the opinion
has exclusive or superior knowledge of existing facts which are inconsistent with such opinion. The
false statement or omission must be material, meaning that it was significant to the decision to be
made. Sometimes, it must be shown that the plaintiff's reliance was justifiable, and that upon
reasonable inquiry would not have discovered the truth of the matter. For injury or damage to be the
result of fraud, it must be shown that, except for the fraud, the injury or

Internet Scam
Topic : Internet Scam
Thesis Statement : Why many students victimized in Internet Scam? The aim of this chapter
Chapter 1 : I.IntroductionThe aim of this chapter is to give an overview of Internet fraud in general.
The Internet fraud definition, types and examples will be discussed. The chapter identifies some web
applications that are suffering from Internet fraud as well as some statistics for Internet fraud impact.
It also presents some existing techniques and strategies to detect and prevent Internet fraud.
The Intemet is a very important medium of communication. Many people go online and conduct a
wide range of business. They can send emails, sell and buy goods, transact various banking activities
and even participate in...show more content...
IV–Conceptual Framework
Use For Use For
Playing Programing
Game Games
communicates with other people learned how to hack website Used To recover the investment
through internet
V–Scope And Limitation The amount of Internet fraud reported this year was six times as much as it
was last year. The number of consumers complaining that they were defrauded on–line went from
1,280 in 1997 to 7,752 in 1998, according to an online fraud reporting system created by the national
Consumers League (Hendre A4). Online officials are trying to make scamming online more difficult
by creating a twenty–four hour online Internet fraud–detecting group. By adding this new service,
the creators are hoping to decrease the amount of Internet fraud that can be found online.
VI–Siginificance of the study 1. Students – The proposed research will determine the common
factors affecting fraud among other students in the country. 2. Parents – To be aware of the common
study habits among there children. 3. Community– The result of this study will make the people to
be aware of the internet scam among the students. 4. School – The Researchers expect that, the all of
the people will develop strategic solutions regarding internet scam if we found out that the most of
the students will know this.
VII–Definiton Of

Project on Satyam Scam
Name: Mr. Hiten S. PanchalStd.: M.M.S. – IDiv.: ARoll No.: 643
Sub.: Marketing Applications & PracticesProject: Satyam Saga
SATYAM SAGA
Introduction:
On 7th January, Wednesday, Satyam Computer Services Chairman B Ramalinga Raju resigns and
disappears after confessing to the largest fraud of Rs. 7,136 crore in Indian corporate history. He
admitted to committing a gigantic fraud that shook corporate India and the stock markets to the core.
In a letter to the board, Raju, 54, unburdened his conscience and admitted that there was a huge hole
in the company's balance–sheet created by reporting "inflated profits over a period of the last
several years." He tried to fill this "gap" by announcing the merger of Satyam, India's...show more
content...
Satyam Stock lost 77% of value in Indian stock market. Satyam was replaced by Reliance Capital in
the Nifty. BSE removed Satyam Computers from Sensex and replaced it with Sun Pharma.
This has not only affected to the public & investors' confidence but also our countries image too.
There was major goodwill loss as Satyam was fourth largest IT company of India.
3) This has lead to major financial losses to many FIIs and Mutual funds along with Companies
like L&T lost crores of money in Satyam stock. The companies like Sundaram BNP Paribas, ICICI
Mutual fund, HDFC Mutual Fund, Tata Mutual Fund, Franklin Templeton Mutual Fund lost huge
money in Satyam Computers. LIC's estimated loss was more than Rs. 1500 crores in Satyam
Computers.
4) It has impacted the business a lot With the Satyam fiasco questions are being raised over the
reliability of the company and major international clients are looking out at other vendors to move
their projects too. Major clients of Satyam Computer Services, such as General Electric (GE), Nestle
and British Petroleum, have started exploring alternative options such as moving work to other
outsourcing vendors. Satyam's World Bank Project was given to TCS.
Lessons Learnt:
1) A lack of business ethics creates problems not just for the economy but the polity as well. India
incorporation has to focus on accountability and ensure ethics in business. If the corporate sector
commits itself to certain norms of

Essay about Health Care Fraud
Health Care Fraud: The typically overlooked crime of healthcare fraud has resulted in a significant
monetary loss on the part of the American public paying into government run medical programs, as
well as private insurance company programs. Historically, we have seen that in any instance where
money is involved people have found ways to or at least have attempted to obtain it illegally. Some
do it through overt acts of violence such as a robbery. Others choose more covert ways of illegally
obtaining money. This is usually conducted through fraudulent activities. This is the nature of
white–collar crime. There is no force or violence involved but it is still illegal. (SSA) Obviously,
when such a large amount of money is involved there is...show more content...
(Jones and Jing) Though citizens might not see the effects of health care fraud directly, everyone is
impacted in one way or another either through increased taxes, high insurance costs, or the inability
to afford health care coverage. While we all hear about major frauds in the system, a majority of the
frauds are small and usually go through undetected, unreported, or seriously underreported.
(Sparrow) These small frauds add up to be a huge problem. There is a large spectrum of frauds in
the health–care systems ranging from the theft of a wheelchair, to organized crime groups that steal
patient information and bill for phantom services in multimillion–dollar schemes. (Jones and Jing)
In many cases, the fraud is minor but all the small scams add up to an enormous loss to the
public. For example, the frequent occurrences of forging of a doctor's signature on a prescription
accounts for billions of dollars lost each year. (Jones and Jing) One of the most common crimes
involves billing for services that were never performed. This involves a health care provider
submitting a false claim to be paid for a patient that was never treated or adding on services to a
patient. For example a doctor may obtain names of other people such as a patients spouse or child
who are covered by insurance and put in a claim for them as well as the actual patient. (FBI) Another
common fraudulent activity involves upcoding of services. This is when a healthcare

Case Study : The Satyam Scam
Aishwarya Gokhale
The Satyam Scam
Studies suggest that there are four basic factors that lead to fraud. First, is the opportunity to commit
fraud, second, the incentive to commit fraud, third, the rationalization of the fraudulent act and
fourth, the capability to commit the fraud.
Satyam Computer Services Limited was a global consulting and IT services company, offering a
wide range of solutions, from strategy consulting to implementing IT solutions for customers.
Byrraju Ramalinga Raju was the chairman and the CEO of the company until January 2009, when
he had to step down after admitting to misappropriation of financial figures of the company to the
amount of INR 71.36 billion (approximately US$1.5 billion), including INR 50.40...show more
content...
The fraud was perpetrated by inflating the revenue of the company through false sales invoices and
showing corresponding gains by forging the bank statements with the connivance of the Statutory
and Internal Auditors of the company. Through investigation it was found that certain people came
into the office only at nights to generate fake invoices. This used to happen only towards the end of
the quarter or the month, the level of the organized fraud can be interpreted from this. An accrued
interest of $77.46 million was shown, which was nonexistent, an understated liability of $253.38
million on account of funds was arranged by Raju himself and an overstated debtors ' position of
$100.94 million was presented. The annual financial statements of the company with inflated
revenue were published for several years and this lead to higher price of the stock in the market. In
the process, innocent investors were lured to invest in the company. Attempts were made to conceal
the fraud by acquiring the companies of family members and friends, but the gap between the actual
and inflated revenues kept growing since April 1999.
PricewaterhouseCoopers affiliates served as independent auditors for Satyam. According to a report
published by the S.E.C., the auditors had failed to independently confirm cash balances in bank
accounts. They relied on the management to provide the cash balances instead of

Charity Fraud Essay
In the United States a charitable foundation is an organization which has formalized the process of
relieving poverty, advancing education, supporting disaster relief, and/or assisting with community
projects. Charities are non–profit organizations which can take the form of either a non–operating
private foundation (trusts) or operating foundation (public charities). When many of us hear of a
tragic event that hits close to home, we give our support with an open heart in order to help others in
need. Unfortunately, with this act of kindness we could be creating an environment that is highly
vulnerable for fraud perpetrators and fake charity scams. Charity fraud is the intentional act of
deception committed by an individual or group of...show more content...
Some of the internet's most notorious charity frauds include the Tsunami Victim scam, 911 Charity
scam, and the Nigerian 419 e–mail scams. One of the more recent charity scams to appear on the
internet was when hurricane Katrina decimated New Orleans. Following the tragedy, the Federal
Bureau of Investigations estimated that over 2000 websites sprung up claiming to provide either
funds or aid to the victims of the disaster. Fraud perpetrators who were following the news closely
began creating websites several days before the storm had even made landfall. Internet fraud
experts told ABC News that "in the days leading up to Hurricane Katrina, they saw dozens of
websites being registered with Katrina in their names". Many of these websites were created to
look exactly like the website used by The American Red Cross, but once the donation was made it
was sent to a third party, while the contributor was actually redirected back to the legitimate
American Red Cross website. Of course none of the victims of the Katrina disaster have received
anything from the internet scams or the perpetrators who devised them.
The warning signs associated with charity fraud include high pressure pitches, a request for cash and
charities that offer to send a courier or overnight delivery service. A perpetrator expressing an urgent
need for funds and pushing donors

Essay On Phising Scam
Microsoft Office hit by phishing scam Information has emerged of a new phishing scam marking
Australian clients of Microsoft Office 365 products, possibly crippling businesses through the busy
pre–Christmas period. It is tacit that both folks and organizations all over the country have been
under attacked in past few days by an email purporting to be from Microsoft, which says receivers
to upgrade their accounts for the reason of not having available storage space. Individuals following
these directions were then taken to a fake website, where the scammers got the pertinent log–in
information. It came just after days accounting software giant MYOB received criticisms concerning
an eerily related circumstances as regards forced...show more content...
This shows 2nd law "If a bad guy can alter the operating system on your computer, it's not your
computer anymore", it happens when we download files or application from untrusted websites we
would be able to guard ourselves from this by Installing and enabling reliable anti–malware and
backup solutions. Simply install software updates from authorized websites or while the software
prompts you to do the same in Windows. https://www.itproportal.com/features
/bad–rabbit–inside–the–latest–ransomware/ Hyatt Corp. has declared that payment card data of
clients at numerous of its hotels was gotten to by hackers amongst March and July. Hyatt's
confirmation comes three months after the violation took place and this is the second such
violation endured by the hotel chain in two years. Amongst March and July of this current year,
suspected hackers could get to payment card data for clients at a few Hyatt hotels situated in
China, Brazil, United States, India, Japan, Malaysia and a few different nations. Taking all things
together, an aggregate of 41 properties crosswise over 11 nations were influenced by the rupture. In
a press speech, Hyatt Corp. declared that hackers could get too subtle elements of payment cards
which were either swiped or physically entered at the front work area of the influenced hotels. Points
of interest got to by the hackers included

Ethical Consequences Of Satyam Scam
The scam finally had to end and the results were having far reaching consequences. Thus, Satyam
scam was not an accounting or auditing failure, but one of CG. Some of the well known issues,
according to Sharma (2015), were: unethical conduct, insider trading, false books and spurious
accounting, lax board, unconvinced role of independent directors, questionable role of the audit
committee, suspicious role of rating agencies, debatable role of banks, incorrect disclosures, no
action on whistle blowers' information, promoters pledging of shares, etc.
Recent corporate frauds and the scream for transparency and honesty in reporting have given rise to
two conclusions. First, forensic accounting ability have become very important in unknotting the
...show more content...
The fraud committed by the founders of Satyam is a testament to the fact that the science of
conduct is swayed in large by human greed, ambition, and hunger for power, money, fame and
glory. All kind of scandals/frauds have proven that there is a need for good conduct based on strong
ethics. The Indian government, in Satyam case, took very quick actions to protect the interest of the
investors, safeguard the credibility of India, and the nation's image across the world. Moreover,
Satyam fraud has forced the government to re–write CG rules and strenghten the norms for auditors
and accountants. The Indian affiliate of PwC routinely failed to follow the most basic audit
procedures. The SEC and the PCAOB fined the affiliate, PwC India, $7.5 million which was
described as the largest American penalty ever against a foreign accounting firm. According to
President, ICAI (January 25, 2011), The Satyam scam was not an accounting or auditing failure, but
one of CG. This apex body had found the two PWC auditors prima–facie guilty of professional
unacceptable behaviour. The CBI, which investigated the Satyam fraud case, also charged the two
auditors with complicity in the commission of the fraud by consciously

Spear Phishing Scams Essay
Phishing scams are attacks by social engineers who pretend to be from a legitimate business or
organization and use fear tactics to get the recipient to divulge sensitive information. Attackers use a
variety of tactics to trick the recipient to believe these emails are legitimate most commonly by
spoofing a website that appears to be genuine. Two types of phishing attacks are spear phishing and
whaling. Spear phishing is where the attacker takes extreme measures to gather specific information
about an individual in order to make the attacks seem more legitimate. Whaling is generally spear
phishing targeted directly at high profile individuals. These attacks can be minimized by securely
discarding information that could be used in such attacks.

Pyramid Schemes
Scams are happening all around us, and we often don't even notice them. Pyramid schemes are very
harmful towards investors, and are hard to watch out for unless you know exactly what they are,
why they fail, the effect of the failure, common victims, how to avoid them, and how to prevent them
from spreading. More individuals are hurt than are helped when dealing with these scams.
Individuals should be more informed about pyramid schemes, because they can be easily disguised.
Participating in scams, will more than likely lead to a loss in money. "A pyramid scheme is a
get–rich–quick business fraud that usually hurts investors in the end" ("Pyramid Schemes").
"Pyramid schemes need a constant supply of new participants in order to survive,...show more
content...
These schemes can also hurt the economy because of the loans taken out to pay off for the starter
kits needed to recruit new members. If the scheme collapses, individuals could fall into poverty and
lose their possessions. Relationships could also be broken if people start recruiting friends and/or
spouses into the scheme. Pyramid schemes have caused divorces and suicides because of the broken
trust between the bonds.
Select victims are usually chosen for pyramid schemes. Individuals with certain types of
personalities are more likely to get drawn into a scheme. One common target for scammers, says
Swierczynski, is the "easygoing people–pleaser". "It's the kind of person who would rather buy an
entire new sump pump system than insult a stranger" (Hobson). In this case, it pays not to be so
friendly and to stand up for yourself by saying no (Hobson). Con artists are good at figuring out
what pushes an individual off the edge, and they use that against him/her. Individuals, who are
lonely, vulnerable, or desperate, make scamming more accessible. People in dire straits are also
very vulnerable to scams (Hobson). Those who are vulnerable might have recently had a tragic
death in the family or are in uncontrollable debt (Hobson). Leaders of these schemes also look for
people who wear their heart and brain on their sleeve (Hobson). Individuals who talk about what's
going on in their lives with people they don't know

Free Essay Is a Scam
In a short paragraph, summarize the Levels of Explanation Approach.
John Pokinghorne said "I can perceive another person as an aggregation of atoms, an open
biochemical system in interaction with the environment, a specimen of homo sapiens, an object of
beauty, someone who needs deserve my respect and compassion, a brother for whom Christ died.
Myers believes Christians must appreciate the essential role of science in nuturing curiosity and
humility. This will put a wrongheaded notion about existence to an empirical test. The
levels–of–explanation view believes humans are best understood in terms of hierarchy of levels or
disciplines of relative complexity that should not be confused. One's faith should not affect the other
levels or...show more content...
Summarize a Christian psychology response to this view.
The Christian psychology view is represented by Robert Roberts and P. J. Watson. This view points
out that psychology–that is, critical reflection on "human psychic well–being and dysfunction"
(150)–is ancient, not modern, in origin. Roberts and Watson maintain that there is not one universal
psychology, but rather many rival psychologies. In this context, Christian psychologists wish to
stake a claim for an approach to psychology that is explicitly based upon the Christian tradition. This
recovery of a distinctly Christian psychology takes place in two stages: retrieving the "rich resources
that lie within our own tradition" (155) and engaging in empirical research from within this
framework. This latter step includes utilizing "well–established" social–scientific methods as well
engaging in critical dialogue with psychologies that are based upon other worldviews. In short,
Christian psychologists wish to produce a Coe and Hall defend the transformational psychology
view. "worldview–explicit" psychology (175).y view. The transformational response to the view of
level of explanation approach maintains that "psychology is ultimately an act of love" (199). It
focuses on the spiritual and emotional transformation of the psychologist. One of the key premises
of the

reaction paper on pork barrel scam
Priority Development Assistance Fund scam I. Issues on Problems: The Priority Development
Assistance Fund scam, also called the PDAF scam or the pork barrel scam, is a political scandal
involving the alleged misuse by several members of the Congress of the Philippines of their Priority
Development Assistance Fund (PDAF, popularly called "pork barrel"), a lump–sum discretionary
fund granted to each member of Congress for spending on priority development projects of the
Philippine government, mostly on the local level. The scam was first exposed in the Philippine
Daily Inquirer on July 12, 2013, with the six–part exposГ© of the Inquirer on the scam pointing to
businesswoman Janet Lim–Napoles as the scam's mastermind after Benhur K. Luy, her...show more
content...
The PDAF has proven to be very unpopular, with numerous calls for its abolition. In 1996, the
Philippine Daily Inquirer published an exposГ© on systematic corruption in the CDF, with an
anonymous congressman (since identified as Romeo D. Candazo of Marikina) elaborating how
legislators and other government officials earned from overpricing projects in order to receive large
commissions. Public outrage over the misuse of the CDF was instrumental in the enactment of
reforms which led to the formation of the PDAF. The constitutionality of the PDAF has also been
challenged in the Supreme Court. In 1994, the constitutionality of the CDF was challenged by the
Philippine Constitution Association, arguing that the CDF's mechanisms encroach on the
executive's power of implementing the budget passed by the legislature, but the Court ruled the
CDF constitutional under the legislative's "power of the purse". This ruling was reaffirmed in
2001, when the PDAF was challenged again in the Supreme Court. Legislators themselves are torn
on the abolition of the PDAF, with some supporting total abolition, others supporting increased
regulation to minimize abuse of PDAF disbursements, and others opposed to it. A. Political Money
can't be gain without putting yourself in a risk or in a work which can bear sweats and bloods. It is
not easy to

Research Paper On Healthcare Fraud
Healthcare Fraud
As a child, I always thought all healthcare practitioners such as doctors, nurses, and physicians
were real life superheroes. Healthcare practitioners were the kind of people where the needy went
to get treatment for any of their ailments. This belief ended June of 2016 when I saw some doctors
for who they really were: villains. I fell victim to healthcare fraud, specifically overbilling, which
destroyed my belief in the goodness of healthcare practitioners and providers. The rate of healthcare
fraud like inflating hospital charges of materials and procedures, false billings, and performing
unnecessary medical procedures to create insurance payments have been increasing over the past few
years. Nothing good comes out of healthcare fraud and offenders should be stopped immediately.
Hospitals are notorious for overbilling which is the act of charging more than what is ethically and
socially acceptable on a bill. Inflating hospitals charges of materials and procedures is the easiest
and most profitable healthcare fraud hospitals can do. Hospitals can do so because there is no one
to tell them that they cannot and they do not have any competition. In a TIME magazine article,
Sean Recchi was diagnosed with non–Hodgkin's lymphoma and went to MD Anderson Cancer
Center for treatment. Recchi did not have comprehensive health insurance but had an insurance
policy that covered $2,000 per day of any hospital charges. Unfortunately, for Recchi, MD Anderson
Cancer Center

Elderly Scams
Among the most reprehensible forms of crime, in the minds of many, are the scam operations that
are committed against the elderly on a daily basis. Particularly targeting those that criminals suspect
may have accumulated wealth over the years, scams against the elderly show no signs of abating in
any sense.
Covered below are the top four elderly–targeted scams that family and concerned friends need to be
looking out for in behalf of their elderly loved ones.
1– IRS Scams
Easily one of the most dominant scams that target seniors, this fraud records almost 300,000 filed
complaints since 2013. Pretending to be IRS agents, scammers threaten seniors with arrest, lawsuits,
having their driver's license suspended and worse because of some bogus...show more content...
In particular, many associated medical supply and medical equipment providers have a virtual open
field available to bill Medicare recipients with unordered or exorbitantly priced items. If and when
suppliers are later reported and questioned by authorities, the common response is, "It was a billing
error."
– Health Care Agencies
While thankfully there are many fine, reputable, professional health care agencies, such as Salus
Homecare and others, improper billing for unprovided services is something that needs constant
attention.
– Other areas of scam operations consist of criminals who call the elderly pretending to be a health
care agency in need of personal information such as social security numbers, driver license number
or other pieces of information. Turning around, they will later bill Medicare for non–existing
services that were never rendered.
– Online Pharmacy Order Scam
In an attempt to get less expensive drugs, sometimes without a prescription, some elderly people turn
to disreputable online pharmacy ordering. Many such drugs are obtained without prescriptions and
may in fact be of a tainted, less quality grade; moreover, a patient's health is many times put at risk.
3– Financial

Scammers Scams
Scammers are calling consumers and falsely identifying themselves as Bank of America employees.
In this scam, they explain that there are "irregularities" with their account and need to confirm their
account information. They will then proceed to ask the consumer for their account information and
other personal info that will help them gain access to the consumer's account. If the consumer
responds with skepticism, the scammer may then try to scare or intimidate the consumer into giving
up the information they

Cyber Crime Speech
Hello everyone. First of all I would like to thank Madam Munirah for giving me the opportunity to
be here today. So, before I proceed with my speech, let me introduce myself first. The name's
given is Nur Syifa and I am 20 years old. The topic of today's speech is "Internet: how wild can it
be?" As all of us aware, internet is one of the best inventions for us and importance of the internet is
huge in our lives. It has become the best source to get information about everything. With internet we
can stay updated with the latest happenings in the world, stay connected with people and many
more. But as you know, nothing comes with "benefit". Everything has its negative points as well as
the internet. The question might have hit your mind that what are the bad sides of the internet,
right? The first point that we're going to discuss is about how easily inappropriate materials can be
found on the internet. There are many things available on the...show more content...
The dependency over internet has led to increase in cyber crime. Some criminals use the internet for
spreading computer viruses and also fraud. Cyber crime is a new type of crime that occurs in this
Science and Technology years. There are a lot of definitions for cyber crime. According to
Wikipedia.com cyber crime is known as computer crime that refers to any crime that involves a
computer and a network. Besides that, cyber crime is also defined as crimes committed on the
internet using the computer as either a tool or a targeted victim. One of the cyber crime is the
internet fraud. The most severe form of internet fraud involves identity theft, which is illegally
getting a hold of someone's personal information in some way that uses fraud or deception and is
used for financial gain. One method of getting people's bank account details is the money transfer
email scam. People receive emails requesting help with transferring funds from another

Scam of Satyam
Scandal at Satyam: Truth, Lies and Corporate Governance When terrorists attacked Mumbai last
November, the media called it "India 's 9/11." That tragedy has been succeeded by another that has
been dubbed "India 's Enron." In one of the the biggest frauds in India 's corporate history, B.
Ramalinga Raju, founder and CEO of Satyam Computers, India 's fourth–largest IT services firm,
announced on January 7 that his company had been falsifying its accounts for years, overstating
revenues and inflating profits by $1 billion. Ironically, Satyam means "truth" in Sanskrit, but Raju 's
admission –– accompanied by his resignation –– shows the company had been feeding investors,
shareholders, clients and employees a steady diet of asatyam (or...show more content...
Rammohan Rao, the dean of the Indian School of Business in Hyderabad (ISB). Rao had chaired
both December 16 board meetings. On January 8, he resigned his position as the ISB dean. In a
letter to the ISB community, he explained: "Unfortunately, yesterday 's shocking revelations, of
which I had absolutely no prior knowledge, mean that we are far from seeing the end of the
controversy surrounding Satyam Computers. My continued concern and preoccupation with the
evolving situation are impacting my role as dean of ISB at a critical time for the school. Given
that my term with ISB anyway ends in a few months, I think that this is an appropriate time for
me to step down." Resigning as Satyam 's chairman and CEO, Raju said in a letter addressed to
his board, the stock exchanges and the market regulator Securities & Exchange Board of India
(SEBI) that Satyam 's profits were inflated over several years to "unmanageable proportions" and
that it was forced to carry more assets and resources than its real operations justified. He took sole
responsibility for those acts. "It was like riding a tiger, not knowing how to get off without being
eaten," he said. "The aborted Maytas acquisition was the last attempt to fill the fictitious assets with
real ones." Specifically, Raju acknowledged that Satyam 's balance sheet included Rs. 7,136 crore
(nearly $1.5 billion) in non–existent cash and bank balances, accrued interest and misstatements. It
had also

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