Barry Minkow's ZZZZ Best Fraud Scheme

Barry Minkow
Barry Minkow – Misrepresentation and Ponzi in 1987 Establishment of ZZZZ Best Company When
he was a sophomore in high school, Barry Minkow founded a carpet cleaning company – ZZZZ
Best Company in his parents' garage. At that time, the carpet cleaning industry has few entry
barriers and all Minkow needed was a small amount of start–up capital. However, he soon found out
that his firm was actually tough to survive in the industry as the ease of entry means fierce
competition. The young man encountered a series of trouble: bad checks, complaints from
customers, urge for payment from suppliers and finally the shortage of working capital. Not
surprisingly, the bank refused to loan money to his low profit margin company. Minkow would like
to ... Show more content on Helpwriting.net ...
Minkow became a billionaire and an American success story. By February 1987, on paper, the
company – which Minkow claimed had about 1,300 employees in some two dozen offices – was
worth nearly 300 million dollars. Minkow 's personal worth reportedly topped $100 million. He
began to live a luxury life including driving a red Ferrari with a "ZZZZ BEST" license plate and
appearing on Oprah. Minkow 's business had been clearly a Ponzi scheme. He promised investors
highly returns on the insurance restorations business, but in reality, investors were being repaid with
money from new investors. Some of the loans were negotiated at outrageous rates of interest so that
they were obtained fast enough to pay off earlier loans. ZZZZ Best did operate its carpet–cleaning
business which differed itself from a typical Ponzi and the carpet–cleaning division won high marks
for its quality.iii However, its insurance restoration division was totally a phony department and
little real business existed. Fooling the auditors As the company went public, ZZZZ Best was
subjected to the audit of its financial statement. George Greenspan, the performer of the audit,
reviewed the copies of the insurance restoration jobs and then confirmed its existence in the report
to SEC. He also calculated various kinds of ratios of the company and concluded that they were in
line with the industry
... Get more on HelpWriting.net ...

Court Cases Of White Collar Crimes
White collar crimes are offences in which are financially driven and executed by those in business
and government professions. These crimes are found to be less disgraceful in the eyes of justice due
to the fact that they are non violent acts. However, the impact this unlawful act provides society with
is far from the minor misdemeanor that the law projects it to be. Hospitals, and Insurance companies
are the most frequent offenders of white collar crimes. Crimes are committed by individuals who are
personally affected by the negligence of these fraudulent facilities and their actions.
Frequently the media depicts insurance fraud to be most commonly committed by individuals who
invest in the insurance firms for promising protection and ... Show more content on Helpwriting.net
...
This crime may not be violent or even considered dishonourable, but none the less individuals are
still affected by the actions taken to commit these crimes. Fraud affects the economy as a whole and
generates gaps. Crime rate increases after white collar crimes occur. Individuals who do not have
sufficient funds will use Morton's mode of adaptation being innovation to make ends meet. This is
when an individual understands the societal goals and expectations however, make their own means
to achieve them. In John Q, John tried to conform to society's norms and goals by raising the funds
in an honest manner. When he finds out his insurance company has changed his contract
unknowingly and will not be able to provide him with any financial support for his son's heart
transplant he decides to adapt to the mode of innovation. His way of innovating to achieve his
means was to take an emergency room hostage until his son was put on a donor list. This provides
evidence that individuals who are not properly taken care of by systems set in place to provide
protection will resort to their own modes to adapt to the situation. A survey was done among almost
400 homeless people and 28% of the women had provided unwanted sex in order to find shelter
meanwhile 1 in every 5 homeless individuals had committed a prison punishable crime in order to
find shelter.

The Issue Of Protection Is Needed For The World Today
The generation in today society has to understand that protection is needed for the world today
because the people need to feel safe and comfortable. In every state, the requirement of protection is
considered a law and is different extremely in each 50 state. Most people abide by the protection law
because it's the ethical decision to do, but some people do the opposite for their own egocentric
reasons. In Mississippi (American), consumers have protection from unscrupulous sellers and
adequate information to make wise marketplace choices (Norrgard, 1988, p.61). A young
Mississippi woman went to every business and individual advertising her new product of shampoo
for women and men. She publicly announced to the entire consumer that the ... Show more content
on Helpwriting.net ...
This means that the act was designed to protect the victims of customer who was being fraudulent
and deceptive. This law also created the Federal Trade Commission (FTC), an independent
regulatory agency, to enforce these provisions. It grants the Commission civil, but not criminal,
jurisdiction to pursue unfair and deceptive market practices (Norrgard, 1998, p.105).Thomas
Aquinas said it best, "If the seller be aware of a fault in the thing he is selling, he is guilty of a
fraudulent sale, so the sale is rendered unlawful. Another defect is in respect of quantity which is
known by being measured: wherefore if anyone knowingly makes use of a faulty

Fraud: Early Warning Signs of Fraud Essay
The early warning signs of fraud are, usually, always ignored. There are warning signs for every
type of fraud out there. To understand the warning signs of fraud, we must first know what fraud is.
Fraud is the intent to trick someone or lie to someone in order to receive financial gain. This
definition varies depending of the type of fraud used, but the person committing the fraud is always
looking for financial gain. There are many types of fraud out there. You have Medicare fraud,
internet fraud, mortgage fraud, loan fraud, tax fraud, embezzlement, forgery, insurance fraud, and
marriage fraud. These are only a few types of fraud. There are many more types of fraud out there
and new types of fraud are being committed every day. This ... Show more content on
Helpwriting.net ...
Tax payers are putting money into Medicare throughout all of their working life and are expecting it
to be there to help provide for the elderly who need it. The physician never pays taxes on any of the
money that Medicare has sent him. Patients that see that physician may feel less secure and switch
to other doctors if a fraud has occurred. One way this fraud is detected is when, "the unknowing
physician gets a call from the Internal Revenue Service" (3). For the fraud to occur, all the thief
needs is to obtain the physician's ID or obtain a physician's prescription pad. The physician's ID,
business address, and medical license can be obtained through hospital files. The prescription pad
can be obtained at the physician's office. Once the physician's ID, business address, and medical
license are stolen it can be sent to, "the state health department to obtain Medicaid provider
numbers" (3). The thief will also change the address of the business. Patient information is also
important to be able to bill Medicare or Medicaid. The reimbursement checks are sent to the new
addresses and the thief forges the physician's signature. The thief may use the prescription pad to
prescribe unauthorized medicines. Sham clinics are also set up by thieves to write illegal
prescriptions. A few warnings that a fraud is occurring is when you notice prescription pads are
missing. If the Internal

White Collar Crimes Are Committed By Middle Of A Higher...
White collar crimes are committed by middle of a higher status in any given occupation. These
crimes often involves a validation of trust from a valued employee within a company. These crimes
can include trade secrets, fraud, money laundering, identity theft, and healthcare fraud. The people
committing these crimes come from a higher class and you wouldn't thinking someone is poor
would commit a crime like this in nature. The media always bring to our attention since the 1990's
about the amount of white collar crimes happening in the United States. A few large companies like
Enron, Madoff, Tyco Toys and some other companies were faced with prison sentences for their
greed and personal vendettas. The world as a whole started opening their eyes and seeking
knowledge about corporations and private companies to understand the corruption CEO's, lawyer,
and trading companies. White collar crimes are happening more often than in previous years. The
media has tried to keep the public aware of the amount of white collar crimes that are occurring and
the justice systems is taking too long to address the problem. Although, white collar crimes are non–
violent and doesn't pose a direct threat like other crimes it still can cause a personal or public
perception that is violent in nature. When people lose their life saving, house, cars, retirement
money, and stocks it is hard to say you won't get violent when you know this person has taken
everything you own for their personal gain. Scams

The Pros And Cons Of Utilitarianism
Utilitarianism argues that the consequences of an action determine whether the decision is right or
wrong. When the decision produces results that benefit a lot of people is considered appropriate
(Timmons, 2002). The effects of an action that are important are those that produces positive results,
which means that the types of action selected should yield a positive result. The purpose of morality
is to increase the number of good deeds such as happiness and pleasure. The morality should be able
to reduce the number of bad things such as unhappiness and pain from occurring in society. The
utilitarian principle argues that the moral worth of an action is determined by an overall utility that
increases pleasure and happiness. The total utility, which is the measure of desirability and
satisfaction of an action needs to bring happiness to the highest number of people. The theory argues
that there should be no discrimination. Based on utilitarian principles, which argues that benefit of
an action should help the largest number of people, Antonio should resign from his position. This is
because when the matter is reported to the authorities, he will cause the reputation of the company to
sink. Therefore, many people will lose their employment. On the other hand, failing to report the
matter will mean that insurance companies will continue to make a loss to benefit a single company
or an individual. Antonio should ask Kevin should consider reporting the matter to prevent more

The Criminal Case Of Dr. Richard Heartman, An Internal...
Health insurance fraud is what drives up health insurance premium costs, wastes taxpayer's money,
but can also endanger beneficiaries or leave them uninsurable. In 2015, Medicare Strike Force
reported over $700 million in false billing by doctors, nurses, other licenses medical professionals,
laboratories, and individuals (FBI.gov). This is a staggering figure that is only getting worse. In this
fictitious federal case I will be describing the criminal offender, the crime that was committed, the
charge handed down by law enforcement, and the judicial process from the beginning of the
criminal case to the sentencing of Dr. Richard Heartman, an internal medicine physician.
The Defendant
Defendant Richard Heartman, a licensed internal ... Show more content on Helpwriting.net ...
Charges The U.S. Attorney General, or prosecutor Amita Anders, provided the grand jury all the
evidence and testimony from witnesses, who voted to indict Dr. Richard Heartman based on the
strong evidence by the U.S. Attorney General, which was able to establish Dr. Heartman was found
guilty beyond a reasonable doubt. On January 31, 2016, FBI agents arrive at his office at Heartless
Rd, Heartotack, Illinois and place Dr. Heartman under arrest. He is read his Miranda rights and has
been advised of the charges against him. Because he has been determined to be a flight risk, he will
be detained in the county jail until his arraignment.
Defendant Heartman, has been charged with 10 counts of wire fraud, for knowingly caused to be
transmitted by means of wire communication in interstate commerce from the account of Medicare
at Citibank in Indianapolis to the defendants account at JP Morgan Chase in Heartotack, Illinois,
which represents the payments by Medicare on all claims submitted from 2005–2015 by all the
individuals. This is a violation of Title 18, United States Code, Section 1343 (Cornell Law, 2016).
Defendant Heartman also has been charged with 10 counts of U.S. Mail fraud, for knowingly caused
to be delivered by United States mail, envelopes containing checks from commercial and private
health insurance carriers, which represented the payments by the

Fraud And The Health Care Fraud Essay
On November 21, 2013, Theanna Khou pleaded guilty to dispensing and selling OxyContin from his
Huntington Pharmacy without medical necessity from fraudulent prescriptions issued by a clinic ("
Health care fraud investigations," 2014). Khou billed Medicare for filling prescriptions that patients
never received. This story is becoming a norm for the health care industry, because the growing
financial prosperity of the health industry. Corruption and crime is changing, turning from drug
dealing to a safer haven that has less legal management, organization, and more wherewithal the
business of health care fraud.
Health Care Fraud Fraudulent misrepresentation (fraud) is defined as the intentional deceit for
personal gain (Clarkson, Miller, & Cross, 2012). Fraud occurs when a person knowingly represents
an intentional deception as a fact to gain benefits they are not entitled. The boundaries between
fraud and abuse seem to be confused; the degree of intent distinguishes fraud from abuse. Under
HIPAA, it is considered a felony to intentionally implement a scheme to "defraud any health care
benefit program or to obtain money or other property owned or controlled by a health care benefit
program by means of false or fraudulent pretenses, representations, or promises" (Shepard, 2004,
para. 1). Health care fraud is an intentional act to deceive in order to receive greater reimbursement
for services, whereas health care abuse is conduct which is not consistent with acceptable

The Corporate Con Essay
Courtney Newcomer
Professor Poirier
Acct 3040
November 2, 2011
The Corporate Con: The Internal Fraud and The Auditor In the movie the Corporate Con: The
Internal Fraud and the Auditor there were several different people who seemed like your everyday
"Joe," but were actually criminals who committed fraud. Some of the frauds committed in this
movie were: Cash Fraud, Accounts Receivable Fraud, Expense Fraud, purchasing fraud, and
corruption. Focusing on two individuals Pam and John, each of these criminals committed either
cash or accounts receivable fraud. Pam was a graduate from high school who found work soon after
graduation. She felt she wasn't getting paid enough for her work so she started stealing cash from
the ... Show more content on Helpwriting.net ...
There are several methods used in detecting cash fraud which are usually included in most cash
audits. Some of the methods used are: Bank reconciliations, cutt–off statements, surprise cash
counts, customer complaints, altered or missing documentation, journal entry review, review and
analyses of decreases in gross sales or increases in returns and allowances, and analytical reviews.
The method used in detecting Pam's fraud was a surprise cash count.
Surprise cash counts often bring up situations of employees "borrowing" money or floating small
loans also called "swapping." It is crucial that when doing surprise cash counts that it be done often
but on an irregular and unannounced basis. Also, if employee checks are included in the cash drawer
or register, this may be an indicator that employees are "swapping" checks for cash.
In the prevention of cash frauds it is important to have a segregation of duties. Cash fraud is more
likely to happen if one person has control over the entire accounting transaction. Each of the
following duties and responsibilities should be segregated: cash receipts, bank deposits, bank
reconciliations, and cash disbursements. If one person has the ability to do all of these themselves
there is a high risk that fraud can and will occur.
Surprise cash counts are very useful in fraud prevention if the method is used correctly. Employees
should know that cash will be counted, but that its sporadic and

Insurance Career Goals
Identify the career goals for which you are preparing. One of the facets of demonstrating a level of
commitment to the future from a personal, and even professional standpoint, is setting goals. It is
important to set reasonable and attainable goals. Overreaching can result in frustration and
disappointment. With that said, I have set one short term goal, to become an insurance fraud
investigator, and one long term goal in mind for my career in the insurance industry. Ultimately, I
would like to obtain employment, either with my current company or even with a competitor to
become an insurance fraud investigator. According to the Bureau of Labor and Statistics,
investigators are not required to be licensed in any state because they can work ... Show more
content on Helpwriting.net ...
My employer pays for my college education. I realize how fortunate I am to be given this
opportunity. My classes have to be approved by my immediate supervisor, and all courses must be
relevant to my job or prospective job. This will be of great assistance as I complete my Bachelor's
degree. When a person has a Bachelor's degree, more doors open – not just within my company, but
within life in general. The position I am seeking requires a bachelor's degree in criminal justice or a
related field such as Criminology. I have just earned my Associates degree in criminal justice, and
have begun the process of earning my Bachelor's degree. Once I have my degree, I can interview for
an open investigator

Accounting Frauds: ZZZZ Best Company, Inc
ZZZZ Best company is one of the biggest examples of Accounting Frauds. The founder of ZZZZ
best was Barry Minkow. He was a very smart young entrepreneur when he started the company. He
was involved in credit card forgeries prior to starting his own carpet cleaning business "ZZZZ Best
Company". Minkow began his business with small carpet cleaning jobs and he became a
multimillionaire in a very short period of time. Minkow met a person named Tom Padgett at Los
Angeles Health club. This was the beginning of Minkow's big fraud scheme. Padgett was the
insurance claims adjuster and Minkow became his friend. After becoming Padgett's friend, Minkow
thought of using his friendship with him to make profit in his business. He convinced Padgett to ...
Show more content on Helpwriting.net ...
It was stated in the article that Minkow was involved in credit card forgeries at a very young age
prior to starting his own company. This was the time when investors and others associated with
ZZZZ Best started to step back. This was a major reason that concerned Ernst & Whinney about
ZZZZ Best. In addition to the news article, Ernst & Whinney also received a letter from an
anonymous writer, who warned them about the fraud in ZZZZ Best. It was stated that the assets of
ZZZZ Best are not properly reported and the insurance restoration contacts were all fraudulent.
Ernst & Whinney questioned Minkow about the fraudulent Insurance restoration contracts but
Minkow was able to prove them that the contracts exist. He gave them the address of a building that
was being restored and he bribed the security guard and others to tell them that the building is
contracted under ZZZZ Best Company. This was sufficient to prove Ernst & Whinney that the
contracts stated in ZZZZ Best financial statements were accurate and they did exist. In spite of that,
Ernst & Whinney did not audit the ZZZZ Best in 1987 due to Minkow's bad reputation and the news
about the fraudulent contracts. Minkow was successful in getting away from another audit and
continued operating his firm with all the fraudulent contracts and other credit card frauds. According
to my understanding of this case, I think that the auditors should be

Council Compensation Claims
Council compensation claims
The fraud concerning claims from the councils' insurers assume staging damages blamable on the
local authorities (in most cases falls and journeys on council owned land) or inflating the cost of
current damages.[40]
Detecting insurance fraud
The detection of coverage fraud commonly occurs in steps. The first step is to perceive suspicious
claims that have a higher possibility of being fraudulent. This can be carried out by computerized
statistical evaluation or by means of referrals from claims adjusters or coverage dealers.
Additionally, the public can offer guidelines to insurance companies, law enforcement and other
businesses regarding suspected, located, or admitted coverage fraud perpetrated by other people. ...
Show more content on Helpwriting.net ...
According to Alfred Manes, the majority of belongings insurance crimes involve arson.[37] One
reason for this is that any evidence that a hearth changed into started by arson is regularly destroyed
via the hearth itself. According to the USA Fire Administration, in the United States there have been
approximately 31,000 fires as a result of arson in 2006, ensuing in losses of $755 million.[38] For
example, the Moulin Rouge Hotel in Las Vegas was struck by way of arson twice within six

Fraud As A Civil Wrong
Fraud is unfortunately a subject that many companies and even people have problems controlling.
Fraud is defined as deliberate deception to secure unfair or unlawful gain. It is said that fraud is both
a civil wrong where a fraud victim may sue the fraud perpetrator to avoid the fraud or recover
monetary compensation and a criminal wrong where a fraud perpetrator may be prosecuted and
imprisoned by government authorities. There are many purposes of fraud that may include monetary
gain or other benefits. As a civil wrong in common law jurisdictions, fraud is referred to as a tort. It
is stated that while the precise definitions and requirements of proof may vary among jurisdictions,
the necessary elements of fraud as a tort generally are ... Show more content on Helpwriting.net ...
In cases of fraudulently induced contract, fraud may serve as a defense in a civil action for breach of
contract or specific performance of control. As a criminal offense in common law jurisdictions fraud
takes many different forms, some general and some specific to certain categories of victims. The
necessary elements of perhaps most general form of criminal fraud, theft by false pretense, are the
intentional deception of a victim by false representation or pretense with the intent of persuading the
victim to part with properly and with the victim parting with property in dependency on the
representation or pretense and with the perpetrator intending to keep the properly from the victim. It
also reads that in civil law systems and other legal systems the concept of fraud seems to exist, but
its elements and application may or may not vary significantly from the common law system
concepts discussed. There are many types of fraudulent acts. Fraud can be committed many ways
which include mail, wire, phone, and the internet such as computer crimes and internet fraud.
Internet fraud is something that we have all heard of many times before. With international
dimensions of the web and ease with which users can hide their location , the difficulty of checking
indentity , and the simplicity with which hackers can divert browsers to dishonest sites and steal
credit card details have all contributed to the very rapid growth of internet

Essay on Fraud, Waste and Abuse Research Project
Fraud, Waste and Abuse Research Project
Combating fraud in the private sector is a difficult task. Trying to combat fraud in the public sector
is daunting. In 1999 15.7% of the American workforce were employed by a government entity
(federal, state, and local).[1] Mirroring society, government will have its share of perpetrators. The
difference from the private sector is in the scope of the fraud committed, the loss of the public trust,
the blaring headlines from news media, and difficulty in making necessary changes to combat the
problems.
A good definition of Fraud, Waste and Abuse (FWA) can be found in U.S. Air Force Regulations
and can be applied to any government (or private) organization, it states:
Fraud–"Any ... Show more content on Helpwriting.net ...
Everyone has seen news headlines when someone is caught in a multi–million dollar scam. The
public takes note when the government spends $400 on a single hammer or $660 on a toilet seat.[4]
But what about Joe M. Ployee who takes a few pens or pencils or other office supplies home from
his job at the Department of Labor? Or the city engineer who runs personal errand in his
government vehicle during work hours? It is possible that these employees didn't know they were
committing FWA. Education about these transgressions must be an essential part of any training for
public employees, elected, appointed or hired.
Waste
All organizations strive to streamline operations, which in turn should lead to saving money.
Fighting the wasting of resources should be a top priority for any government entity and particularly
for supervisors, managers, and executives. In the public sector this is particularly true because the
citizens in effect supply the resources wasted. The public trust should not be abused by careless or
needless spending. However, because of the bureaucratic nature of any government agency, some
waste cannot readily be avoided. The laws and regulations that have been duly enacted to secure
justified expenditures in and of themselves can cause waste.
Several examples of waste can be found at the

Life & Health Insurance Fraud
Insurance Fraud is a felony. Claims are either false or exaggerated, and most times certain
information are held back in order for the claimant to obtain the benefits that the insurance company
has to offer and to avoid certain penalties. In this event, the claimant can be fined $150,000 or 10
years in prison. (Associated Content, 2007). It has been stated that at least %10 of all insurance
claims has been fabricated and in North America the insurance industry pays out more than $30
billion in fraudulent claims. (Fraudcast, 2009) One of the most common insurance fraud would
involve life insurance. Life insurance is a type of coverage that pays benefits upon a person's death
or disability.(Answer, 2009) This will financially ... Show more content on Helpwriting.net ...
(KPMG Forensic, 1995) In conclusion, the amount of loses in an insurance company has caused a
lot of damaged, financially wise and the lost of holding up a reputation of being trustworthy
insurers. When claims and fraud becomes difficult to investigate, insurance companies would turn to
special investigation unit (SIU) (KPMG Forensic, 1995) which consist of relevant personnel such as
former police officers and experienced claim handlers. All in all it is pretty hard to mitigate
insurance fraud when there are always ways of cheating the system and insurers having to give the
benefit of the doubt of their clients to follow their policy. Reference List: Associated Content,
(2007) Retrieved March 18th, 2009, from
(http://www.associatedcontent.com/article/167337/know_the_types_of_insurance_fraud.html) Fraud
Squad TV, (2009) Retrieved March 19th, 2009, from
(http://www.fraudcast.ca/docs/Insurance_Claim_Fraud.php) Answers.com, (2009) Retrieved March
19th, 2009, from (http://www.answers.com/topic/life–insurance ) Coalition Against Insurance Fraud,
(2009) Retrieved March 19th , 2009, from (http://www.insurancefraud.org/stats.htm) Wikipedia,
(2009) Retrieved March 19th, 2009, from (http://en.wikipedia.org/wiki/Beneficiary) CBS News
(2007) Retrieved March 19th , 2009, from
(http://www.cbsnews.com/stories/2007/12/08/world/main3593846.shtml) BNET(1994) Retrieved
March 19th, 2009 from (http://findarticles.com/p/articles/mi_m1355/is_n8_v86/ai_15547814)

Perferene Patent Press Release
Out of Network Vision Services Claim Form
Claim Form Instructions Most EyeMed Vision Care plans allow members the choice to visit an in–
network or out–of–network vision care provider. You only need to complete this form if you are
visiting a provider that is not a participating provider in the EyeMed network. Not all plans have
out–of–network benefits, so please consult your member benefits information to ensure coverage of
services and/or materials from non–participating providers. If you choose an out–of–network
provider, please complete the following steps prior to submitting the claim form to EyeMed. Any
missing or incomplete information may result in delay of payment or the form being returned.
Please complete and send this form to ... Show more content on Helpwriting.net ...
Alaska: A person who knowingly and with intent to injure, defraud, or deceive an insurance
company files a claim containing false, incomplete, or misleading information may be prosecuted
under state law. Arizona: For your protection Arizona law requires the following statement to appear
on this form. Any person who knowingly presents a false or fraudulent claim for payment of a loss
is subject to criminal and civil penalties. Arkansas: Any person who knowingly presents a false or
fraudulent claim for payment of a loss or benefit or knowingly presents false information in an
application for insurance is guilty of a crime and may be subject to fines and confinement in prison.
California: For your protection California law requires the following to appear on this form: Any
person who knowingly presents false or fraudulent claim for the payment of a loss is guilty of a
crime and may be subject to fines and confinement in state prison. Colorado: It is unlawful to
knowingly provide false, incomplete, or misleading facts or information to an insurance company
for the purpose of defrauding or attempting to defraud the company. Penalties may include
imprisonment, fines, denial of insurance and civil damages. Any insurance

Ethical Decision Making Ethical Decisions Essay
Having to make an ethical decision regarding unethical circumstances can be challenging for some.
"Ethical decision–making refers to the process of evaluating and choosing among alternatives in a
manner consistent with ethical principles. In making ethical decisions, it is necessary to perceive and
eliminate unethical options and select the best ethical alternative.The process of making ethical
decisions requires: commitment–the desire to do the right thing regardless of the cost;
consciousness–the awareness to act consistently and apply moral convictions to daily behavior and
competency–the ability to collect and evaluate information, develop alternatives, and foresee
potential consequences and risks" (according to Blink, 2016).
The case reading states that there is an employee at Empress Luxury Line by the name of Antonio
Melendez who requested a computer system upgrade who was informed by a technician that he
might be getting his request granted due to a shady insurance fraud scam that may be about to take
place at his employment. The technician was informed by his supervisor who received instruction
from higher management (CFO) to not only remove some repairable damaged underground wires
connected to the computer system that was caused by a thunderstorm, but to dig up almost all the
underground wire and cable. He was instructed to do so before the insurance adjuster arrives. Of
course this makes for the insurance claim to be more than the actual damage at hand.The

Workers Compensation Fraud
Whether you're starting a new business or already in an established business, you need to know the
basics of workers' compensation insurance. Almost every business that has employees other than the
owner is required by state law to carry workers' comp. But you need to be careful in choosing a
policy. The fact is many insurance companies can get remarkably tricky when it comes to writing
policies – in their bag of tricks are such ploys as classifying the type of work your employees do
incorrectly, miscalculating so–called modification factors, and making a variety of other types of
mistakes which, oddly enough, result in insurance costs to you that are higher than they need to be.
Beyond needing to hold your own against your workers' compensation insurance carrier, there's
another reason to take a few minutes to learn more about this type of insurance, namely, fraud.
Workers' compensation fraud is the second largest category of white–collar fraud in the United
States today, second only to income tax evasion. According to industry observers, fraud occurs in
almost a fourth of all claims. It can take the form of employee fraud (an employee who's been in an
accident claiming to be injured more seriously than he/she really is), ... Show more content on
Helpwriting.net ...
Workers' compensation is regulated primarily by the states (and Washington DC) so there are 51
separate sets of rules which govern benefits, premiums, and coverage. However, a so–called "rating
bureau" called the National Council on Compensation Insurance (NCCI) has developed a manual
used by many states to regulate how insurance companies calculate your rates. NCCI states rely
almost completely on this manual, while some other states have developed their own manuals. For
example, Nevada sticks closely to the NCCI manual, whereas California has developed its own

Health Insurance Fraud Essay
Faking a death is the most common type of life insurance fraud and has even been the plot of many
movies, books and shows; although it is difficult to pull off. This occurs after a person takes out a
life insurance policy on their self and after a few months of it being in effect they disappear and are
declared dead. Then the beneficiary, a family member or spouse, then attempts to collect the life
insurance policy
"Double–billing" is a scheme that is common in health insurance fraud. Doctors will bill for
treatments that were not rendered or medically necessary as well as billing for a different service
that is covered under the patient's policy instead of billing for a treatment that is not covered.
Patients may not even realize they are ... Show more content on Helpwriting.net ...
Insurers can refuse to pay claims or delete claims, deny or cancel coverage as well as underpay
medical expenses. Fraudulent insurance companies can also collect premiums and pay for
inexpensive care before disappearing if a large claim is filed. It has also been known for companies
to look through insurer claims to intentionally drop them saying the insurer did not disclose
previously.
One of the most targeted insurance lines is auto insurance fraud. There are many known schemes
that take place in this fraud that can vary in seriousness and complexity. There are small schemes to
defraud; filing multiple claims for a single injury, filing claims for vehicle damage or injuries that
were not caused by and auto accident and padding the cost of repairs. The schemes can become
more complex involving staged accidents, faking injury or falsely reporting a stolen vehicle.
Other schemes in auto insurance fraud occur mostly to avoid paying higher premiums. People might
register their car in a different town so they have cheaper rates. It is also common for fake primary
drivers to be listed to avoid a bad driving record or young drivers that are indeed the sole driver.
Another scheme is a policy holder reporting a false auto insurance claim that occurred before the
policy period

American General Life Insurance Fraud Case Study
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. CASE HISTORY American
General Life Insurance Company (AGL) issued multiple Individual Retirement Accounts (IRA)
(BB213475 issued 4/7/1994); (BU009259 issued 3/19/1999); (BU204058 issued 2/5/2000);
(BU204059 issued 2/28/2000); and (BU204060 issued 2/28/2000). Total value to date is
approximately $38,209.23. December 24, 2014 AGL received a letter from Bergen County; Adult
Protective services (APS) in regards to a ... Show more content on Helpwriting.net ...
On 1/6/2017, Client requested to have the surrender reversed and reprocess only $25,000. On March
15, 2018, AGL received a faxed withdrawal form with instructions to withdraw $30,000; however, it
included three account numbers (BU204059, BU204060 and BB213475). AGL sent communication
letter that this could not be processed and a form for each account number will need to be
resubmitted. March 19, 2018 AGL received a letter from Bergen County; Adult Protective services
(APS) in regards to a financial investigation concerning our Client. March 22, 2018 AGL received a
faxed withdrawal form with instructions to surrender account BB213475 (value $5,786.90) and
BU204059 (value $11,153.44). The process is on hold pending legal investigation. On April 18,
2018 Call received from Agent Mike Irwin regarding his Client and as the representative begins
filling him in on what has been transpiring, he was unaware of the

What Is The Ponzi Scheme?
Bernard Madoff was able to pull off the largest white collar fraud, in the history of investment
trading. His fraudulent activities were later discovered in 2008, when his firm begin to crash. Mr.
Madoff was able to gain over $65 billion of investment funds through conducting the Ponzi Scheme.
According to Ferrell , Fraedrich and Ferrell (2015), self destruction of the Ponzi scheme results
rapidly as the ability to continuously recruit new investors dwindle. After the arrest of Mr. Madoff in
2009, further investigation determined that there were approximately 167 victims of the Ponzi
Scheme (Lewis, 2011). Several of the victims initially were not convinced that they fell victim,
while others committed suicide after discovering that they lost

Health Insurance Fraud Essay
According to Roger Feldman, Blue Cross Professor of Health Insurance on the University of
Minnesota, one of the main motives that medical fraud is this type of general exercise is that almost
all of the parties concerned discover it favorable in some way. Many physicians see it as necessary
to offer satisfactory care for their sufferers. Many sufferers, even though disapproving of the concept
of fraud, are sometimes extra inclined to simply accept it when it impacts their own hospital
treatment. Program administrators are regularly lenient on the problem of insurance fraud, as they
want to maximize the services in their providers.[17]
The most not unusual perpetrators of healthcare insurance fraud are fitness care providers. One
reason for ... Show more content on Helpwriting.net ...
One tactic fraudsters use is to drive to a busy junction or roundabout and brake sharply inflicting a
motorist to power into the again of them. They claim the other motorist was at fault because they
have been driving too rapid or too close in the back of them, and make a fake and inflated declare to
the motorist's insurer for whiplash and damage that can provide the fraudsters as much as £30,000.
[24] In the Insurance Fraud Bureau's first yr or operation, the usage of information mining initiatives
uncovered insurance fraud networks and caused seventy four arrests and a five–to–one return on

Essay on Managing Financial Resource
There are financial implications for individuals accessing and using services in health care services,
Evaluate the impact of these financial implication on service users. (AC 4.3) The pursuit of equity of
access to health care is a central objective of many health care systems. Yet, financial incentives can
influence patients because, although the UK system is essentially 'free at the point of use', there are
charges for specific services including eye tests, dental check–ups, and dispensing of prescription
medicines. Charges can act as a deterrent to patients and as a barrier to access. The impact of user
charges affects different socio–economic groups in different ways. For some groups, access may not
be compromised by a co–payment, ... Show more content on Helpwriting.net ...
The shift in the balance of NHS and private dental care reflects the interests and preferences of
dentists rather than of the public. It suggests, however, that a continued shift towards private
practice is a trend that the public will not find acceptable, which might limit the extent of expansion
of private practice. Hughes and McGuire (1995) estimated the impact of charges for drug
prescriptions in the NHS and found evidence to suggest that user charges reduced the number of
prescriptions cashed in the UK. However, the impact of user charges is likely to affect different
socioeconomic groups differently. Lundberg et al. (1998) found that price sensitivity decreased with
age, income, education and self–rated health status. Furthermore, they found that sensitivity to user
charges for drugs varied greatly between different types of drugs; for example, they found that if
user charges doubled 40% of antitussive users would reduce their consumption, whereas only 11%
of users of drugs for menopausal problems would reduce their consumption. It should be recognised
that in the UK user charges are means–tested; low–income families and people over 65 years are
exempt, as are individuals with certain chronic conditions, such as diabetes. Some commentators
suggested that user charges could (and should) be

Progressive's Ethical Insurance Fraud Case
Joe Lewis and fellow lawyer Jack Green founded Progressive, after they worked on an unethical
insurance fraud case. From the beginning, they offered innovative ideas, as they sought to serve
their customers, especially high–risk individuals who could not obtain deals elsewhere.
Progressive's main focus was to become a leader in the automotive insurance industry, and in 2006
they were the third largest company in the automobile insurance industry. However, as premiums
declined in 2005 and 2006, and the market grew stagnant, Progressive had to figure out how to
retain and gain market share. Progressive's stated mission was to reduce the human trauma and
economic costs of automobile accidents. STATED AND IMPLIED OBJECTIVES Profit:
Progressive wanted to be positioned at the higher end of the market so that they could maintain their
historically high margins on their products. In order to ensure high–quality products, Progressive
wanted to find a balance between maintaining adequate control over their policies and allowing
customers to customize their individual policies. ... Show more content on Helpwriting.net ...
To achieve this objective, Progressive used detailed data to price the high–risk drivers and conduct
further research on customers with unfavorable background records. They had the specific objective
of increasing premiums at a rate of at least 15% each year. Citizenship: Progressive attempted to
hire the best and pay the most, and valued creative, resilient employees who could handle stressful
situations. They envisioned using their brand to allow customers to feel safe and cared for, in spite
of the intimidating threat of automobile

The And White Collar Crime
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 to individuals. Some associate the definition of white–collar crime mainly to economic
crime, but others include corporate crimes like environmental law violations and health and safety
law violations (Barnett, 1999). It is interesting to note that corporate crimes such as environmental
pollution typically involve corporate personnel on various levels for purposes of implementation,
from CEOs to low level workers (Payne, 2013). Overall this project will deal with environmental
and white–collar crime outlining the similarities and differences between those.
1.1 White–collar crime
1.1.1 Definition and theory
Recently the issue of white–collar crime has gained a lot of attention and it is quite common to
notice such cases in any part of the world. The term itself is rather old as it was coined by Edwin
Sunderland in 1939 and white–collar crime is defined as crime committed by a person of
respectability and high social status in the course of his occupation (Payne, 2013). The

Premera Blue Cross Insurance Fraud
The health insurance company Premera Blue Cross was hacked back in March when 11 million
people had their accounts leaked and taken. Six of the eleven million that had their information
stolen were employees and customers of major technology companies like Amazon and Microsoft.
Some of them even work for Star Bucks, all of these people lived in Washington. The other five
million were scattered across the United States but the majority were from Washington. As far as we
know the leaked client information hasn't been used for anything. Medical records are highly
valuable because it's not a big top secret file but it can be used for insurance fraud and other ways of
taking some ones money. Premera became aware of the attack and warned the possible

Medical Fraud And Insurance Crime
As we all know medical fraud and insurance fraud is both a crime, however that does not stop
individuals from committing it. Back in 2015 the FBI arrested 46 doctors and nurses across the
country. Which was also the largest Medicare fraud bust ever. The individuals billed Medicare for
$712 million worth of patient care that was never given. Most of the doctors was ordering durable
medical equipment and sending them across the country to patients that did not request nor need
them. Since 2007 The DOJ'S Medicare Fraud Strike Force team has gotten over 2,300 people who
committed fraud for more than $7 billion dollars. Thanks to the Affordable Care Act there donation
has happen catch more individuals . You would think that committing fraud is

The Pros And Cons Of Ethical Dilemmas
The case represents an unethical dilemma. The case describes about a customer in a supermarket
store who slipped and seriously got injured. The customer saw the sign; however, she chose to
disregard the warning sign about the wet floor. She incurred serious injuries that lead to large
hospital bills and the person missed several months of work. The worst part is that the she does not
have insurance to pay hospital bills, nor has any source of support. In this situation, the injured
customer's attorney is going to sue the supermarket store for the reparations. Nevertheless, the
attorney suggested to the employee to testify that there was no sign in place to warn that the floor
was wet and if the employee would do what the attorney told her to do, then the payment would be
handled by the insurance company. However, the attorney states that the state law in which this
incident occurred, requires the supermarket to place a ... Show more content on Helpwriting.net ...
One of the first rationalization in this situation is to have sympathy or sympathize with the injured
customer. For instance, the insurance company can afford the loss, while the injured customer
cannot. Although, it could be true that the insurance company can afford the loss, while the injured
customer cannot, this would still be insurance fraud. Under the positive law this is known as illegal
and unethical. Second rationalization in this situation is the use of another state law in the case. For
example, in the place where the incident occurred, the law states that placing a warning sign is
inadequate. It could be true in different states, but we must obey the law in which the states we live
in. The truth is that the customer deliberately chose to ignore the warning sign and thus leads to
injuring the customer

Life Insurance Fraud In The United States
Throughout the semester, we have been studying the many elements of fraud and how it is
committed. One of the frauds that are becoming more common in modern times is life insurance
fraud. It takes a certain expertise to commit life insurance fraud because sometimes it usually
involves faking a death. Other times it can involve the actual life insurance company and their
premiums. However life insurance fraud is being looked at, it is a fraud that people and companies
are committing more and taking a certain liking too. One of the main reasons for people committing
life insurance fraud is for the money. Life insurance policies can be as low as five–thousand dollars,
or be as high one–million dollars or more. To some people, those life insurance policies amounts can
change their lives. In order to collect and cash in on those policies, someone ultimately has to lose
their lives. Also for a life insurance agent, selling a premium so high means higher commission for
themselves. Majority of insurance fraud, including life insurance, can be broken down into two
different groups: ... Show more content on Helpwriting.net ...
Straw buyers are people who purchase anything on behalf of someone other than themselves. It is
not consider illegal unless it contains fraud. The men ultimate goal was to let life insurance
companies give out bogus insurance policies to unintended policyholders. The men targeted the
elderly and convinced them to apply for these life insurance policies, but never revealed to the
insurance companies that these polices were eventually going to be sold to investors. This fraud
resulted in millions of dollars in commission and scammed a few major insurance

Case Study Of Counter Fraud In The Insurance Company
Today's insurance market competitions in Malaysia is at a high level. Refers to the annual report of
life insurance in Malaysia as prepared by Life Insurance Association of Malaysia stated that life
insurance industry recorded growth in 2015 which it provide the insurance coverage amounting to
RM1.24 trillion which this amount is 6.2% much higher than the RM1.17 trillion in 2014
Hence, one of the primary goals for service base business like insurance is to make sure that the sale
strategy meet high level of customer satisfaction. In competing with the insurance market, the
insurance companies (Etiqa Takaful, Zurich Takaful, AIA Insurance, Allianz Insurance, Takaful
Ikhlas, Takaful Malaysia, Prudential Takaful) intent to create a competency characteristics of their
product or services and and also the quality of salesperson or agent. According to Kuster and
Canales (2011), one of the most important tools to a firm's survival is the salesperson because he is
the one who deal with the customers. The salesperson helps in ... Show more content on
Helpwriting.net ...
Counter Fraud in the Insurance Company: A Case Study of Malaysia. University of Portsmouth] It
occurs and may be committed at different points in the transaction by different parties such as policy
owners, third–party claimants, intermediaries and professionals who provide services to claimants.[
Bank Negara Malaysia 2016] The nature of these frauds may vary from an inflated or exaggerated
value of a legitimate claim to a completely fabricated or bogus claim where losses never really
occurred. We may be argue that this kind of dishonesty and unethical practices among the
salesperson or agents may because of the lack of training and skills development among them. They
may have to attend for a specific training in order to cater this fraud problems in this

Brokerage Insurance Fraud
Millions of people have been lured into investing their hard–earned money based upon fake and
misleading information. Unfortunately, the results are often dismal and many investors have lost
their life savings. Sadly, the financial planning industry is rife with advisers and brokers who are
willing to deceive their customers for personal gain. That said, the brokerage industry is regulated
by federal and state law. Acts of professional misconduct or outright fraud are illegal. Below, we'll
explain the 3 most common types of financial planning fraud to watch for.
Tip 1 – Churn And Burn
Some financial advisors are compensated through the commissions earned on the purchase or sale of
securities. If tempted, some might engage in excessive buying

Zzzz Best Case Study
ZZZZ Best, a carpet cleaning company, was founded by Barry Minkow in 1982 in Reseda,
California. Barry always wished to succeed in business and become the American Dream of
financial success. When he was nine years old, he worked as a telemarketer in a carpet–cleaning
business. Six years later, when he was only sixteen years old, he began his personal carpet business
in his parent's garage in Los Angeles (ZZZZ Best Case Places SEC Procedures Under Scrutiny). He
had three employees and was considered the most successful teenage businessman in the United
States. Minkow discovered he could become very successful in business through insurance
restoration. He would file a claim for restoration of the business from a natural disaster. ZZZ Best
was profitable in carpet cleaning, yet 85% of the business profits came from fraudulent insurance
restoration business. Minkow used insurance restoration as a cover for the cost of the money he was
acquiring illegally (Taylor). Shortly after, insurance restoration became the major source of revenue
for the company's income, rather than carpet cleaning. Minkow's dream in becoming successful in
business caused him to become more innovative. He started using his counterfeit financial
statements to persuade wealthy entrepreneurs to invest in ZZZZ Best. Ultimately, Minkow realized
that the crucial scam would be to make his company public. This would enable him to utilize the
bank accounts of investors nationwide. By becoming a public company,

Research Paper (Bah Fraud and Larceny)
|CATEGORIES |POINTS TO BE GRADED ON: 100 PTS TOTAL |POINTS |
|INTEREST | |(5) |
| |Many everyday scenarios in the Military are easily overlooked when they do not| |
| |directly involve you. This research project explores the common crimes of | |
| |larceny and fraud as it pertains inside the military. | |
| ... Show more content on Helpwriting.net ...
| |
| | | |
| |This is the fraud that is used more commonly in the military. Soldiers use | |
| |different mechanisms in the military finance department to attempt to receive | |
| |more money than they are authorized to receive, particularly for the Basic | |
| |Allowance for Housing (BAH). | |
| | | |
| |Wire/Mail fraud – | |
| |Using any means of communication or information delivering system such as | |
| |television, phones, computers or mail for the purpose of selling items not | |
|

ZZZZ Best Company Fraud: Case Study
ZZZZ Best Company Fraud Case Study
1) At an early age, Barry Minkow was introduced to the carpet cleaning industry by his mother who
worked part time as a telephone solicitor for a small carpet cleaning company. This insight of the
industry allowed Minkow to understand that the carpet cleaning industry was one which had very
few barriers to entry, no licensing requirements, and required only a small amount of capital to enter.
Also, because of these few barriers to entry, the industry has historically attracted a larger number of
faulty startups in comparison to other industries. At 16 years old, Minkow started his carpet cleaning
company under the name of ZZZZ Best Company. Right away he had a difficult time with customer
... Show more content on Helpwriting.net ...
3) There were two external auditors mentioned in the case that dealt with ZZZZ Best. The first was
not a firm that was included in the Big Eight accounting firms at the time. George Greenspan was
the sole practitioner who performed the first full–scope independent audit for ZZZZ Best.
Greenspan insisted that he had properly audited Minkow's company, and testified that while
planning the audit he had performed various analytical procedures to identify unusual relationships
in ZZZZ Best's financial data. Greenspan's procedures reportedly included comparing ZZZZ Best's
key financial ratios with its industry norms. Greenspan identifies "unusual relationships" but does
not go into detail in order to explain these unusual relationships. This shows that Greenspan did not
show enough professional skepticism while conducting the audit and just blew off these unusual
relationships. Also Greenspan testified that he had obtained and reviewed copies of all key
documents that pertained to the false insurance restoration contracts. It would have been hard for
Greenspan to uncover the fraud through the contract paperwork because Minkow and Morze went
through such great detail in creating false documents in order to cover the false contracts, but finer
details were overlooked by Greenspan. A journalist found one of these finer details which caused the
domino effect leading to the destruction of ZZZZ Best. This shows that the first auditor,

Zzzz Best
Case 4–6
ZZZZ Best*
The story of ZZZZ Best is one of greed and audaciousness. It is the story of a 15–year old boy from
Reseda, California who was driven to be successful regardless of the costs. His name is Barry
Minkow. Minkow had high hopes to make it big – to be a millionaire very early in life. He started a
carpet cleaning business in the garage of his home. Minkow realized early on that he was not going
to become a millionaire cleaning other people's carpets. He had bigger plans than that. Minkow was
going to make it big in the insurance restoration business. In other words, ZZZZ Best would contract
to do carpet and drapery cleaning jobs after a fire or flood. Since the damage from the fire or flood
probably would be ... Show more content on Helpwriting.net ...
The bank didn't know it because some of the checks that Minkow had written before the visit to
bank number two had not cleared his account in bank number one. It wasn't long thereafter that
Minkow realized he could kite checks big–time. Not only that, he could make the transfer of funds
at the end of a month or a year and show a higher balance than really existed in bank number one
and carry it on to the balance sheet. Since Minkow did not count the check written on his account in
bank one as an outstanding check, he was able to double–count.
Time to Expand the Fraud Over time, Minkow moved on to bigger and bigger frauds like having his
trusted cohorts confirm to banks and other interested parties that ZZZZ Best was doing insurance
restoration jobs. Minkow used the phony jobs and phony revenue to convince bankers to make loans
to ZZZZ Best. He had cash remittance forms made up from non–existent customers with whatever
sales amount he wanted to appear on the document. He even had a co–conspirator write on the
bogus remittance form, "job well done." Minkow could then show a lot more revenue that he was
really making. Minkow's phony financial statements enabled him to borrow more and more money
and expand the number of

Why Do Workers Pay Fraud
Workers' Compensation Insurance Fraud
Whether the employee or employer provides false or misconstrued information to insurance
companies, workers' compensation fraud is a serious crime.
What is workers' compensation fraud?
Workers' compensation fraud occurs when either an employer or employee knowingly makes false
statement(s) or hides information in order to receive benefits or to prevent someone from receiving
said benefits even when deserved.
How can an individual commit workers' compensation fraud?
Faking injury/injuries to receive paid time off work.
Exaggerating the seriousness of an injury to receive more paid time off.
Falsifying the location where the injury took place.
Using the paid time off to obtain a new job and lying to the insurance company about being unable
to return to the ... Show more content on Helpwriting.net ...
Under the Ohio Revised Code concerning workers' compensation, violators face either a
misdemeanor charge, a felony in the fifth degree, a felony in the fourth degree or a felony in the
third degree depending on the amount of monetary value associated with the incident. Additional
side effects of fraud include court costs, legal fees, incarceration time, fines and the negative stigma
of being a convicted felon throughout the rest of life.
Suspect that you or your employer may be wrongly accused of a workers' compensation fraud case?
Call Bentoff & Duber for a consultation to discuss your options for seeking justice.
For more information about workers' compensation, check out the following resources:
The five mistakes people make when filing workers' compensation claims
Does workers' compensation cover me if I'm injured outside of work?
Can I be fired for hiring an attorney or filing a workers' compensation claim?
What is the statute of limitations for workers' compensation in Ohio?
Do I have to take any time off work to qualify for worker's compensation benefits?
10 misconceptions about workers'

Essay On Workers Compensation Fraud
Workers' compensation fraud is often difficult to prove. Even when a claim is denied, it can be
challenged by an attorney, and an insurance company can find themselves paying out compensation
to someone they suspect of fraud. In some cases, there may be no suspicion of fraud, but the
discovery of fraud occurs accidentally because the fraudster has made a mistake. The following are
four mistakes that are made by those who are defrauding insurance companies because of fake
injuries and how our services can help in documenting them.
They get another job
While collecting workers' compensation, an individual may find other work. Getting a check for
sitting at home is not enough for some people. Without any physical injury, a person may want to
earn ... Show more content on Helpwriting.net ...
This is a classic mistake that a fraudster makes. After their claim is approved and they begin to
receive money, they let their guard down. They can be seen doing things that are supposed to be
impossible. An example would be a person with a back injury, not capable of lifting more than a
pound of weight, seen lifting heavy items from their car after returning from the store. In some
cases, people claim limited mobility, but can be seen walking around or even running. These types
of mistakes can be caught on video, and the fraudster will have been caught.
They post pictures of their activities on social media
People enjoy social media, but they fail to understand how wide spread their postings can circulate.
One of the biggest mistakes a fraudster will make is posting pictures of a vacation they took or other
fun activity they recently engaged in that is impossible for them given their claim of injury. It is true
that there is security for some these sites, so the information is private and limited to a small circle
of people, but fraudsters often make the mistake of not taking security precautions.
Tipsters are

Law And Ethics : Dental Fraud For Profit
Law and Ethics: Dental Fraud for Profit
Tessina Jernigan
DA
10/21/2015
Dentistry is a unique and beautiful healthcare field. We as individuals whom work in the dental
office can impact the lives of those around us. There are those who abuse the system, instead of
having the patient's best interest at heart. This causes many patients to become fearful, and loose
trust within the professionals whom work in the dental field. Not only are there ethical issues that
arise across the country; there are legal issues as well. It is common that the two go hand–in–hand.
Dental insurance fraud is one of the most common hardships that people come across. Dental fraud
not only affects the company that pay for the care, it affects the business in which it occurred, it
affects those who pay for the insurance, and ultimately the patient. The patient should be the
primary concern of the whole dental team. I have personal experience with dental professionals
abusing dental insurance. I had unnecessary treatment performed on healthy teeth, just so the office
would use every bit of available insurance, and then some more that I was responsible for. It was
very traumatic event for myself. I went from having a few filings to needing an inlay, to then being
told I needed a root canal, after the individual got the inlay stuck in my tooth. I refused the root
canal treatment. I was numbed seven times that day, and by the end of it all I felt everything. It made
no sense at all.

Insurance Fraud
Insurance Presentation Report
Report on: The Development of the Brazilian Insurance Industry
Submitted to: Dr. Bogusław Bamber
Presentation date:
BBA Finance & Accounting
Semester 5, Academic year 2013–2014
Jamir Issa de Oliveira 25139 .........................
Vinicius Appolinario 25545 .........................
Executive summary
The aim of this report is try to evaluate how the insurance industry has developed in Brazil since it
began its operation in 1808, operating in the begging only with maritime insurance through
company named Boa Fé. During that time Brazil was still a colony of Portugal and Boa Fé
Company had the role to insure ships transporting valuable goods ... Show more content on
Helpwriting.net ...
In 2012, that market grossed U.S. $ 252.4 billion in direct premiums of insurance, health insurance,
pension contributions and savings bonds. Such awards and contributions served to increase
provisions amounting to R$ 420 billion, which represented 5.69 % of GDP. Provisions have also
secured the payment of compensation of claims, welfare benefits and redemption of pension plans
and capitalization of R $ 135.2 billion in 2012 (3.05% of GDP). The importance of the sector
exceeds, by far, the numeric expression. Indeed, everyday life, as we know since the Industrial
Revolution, would be impossible without insurance. The companies could not take risks as they do
at present, so your investment would be severely restricted and, with them, the future expansion of
the economies. Entire markets would collapse: just imagine what would happen with the sale of
cars, with the credit market and the trade if there was not the support of insurance. The insurance
industry, increasingly supplements the State in providing critical services in health and social
security, and in doing so, allows the state to focus attention and resources on meeting the needs of
the poorest sectors of the population.
Nowadays The Brazilian insurance industry is living it golden ages. Brazil for the past two decades
has become one of the most attractive places for insurance

Barry Minkow's ZZZZ Best Fraud Scheme

Recommended

Recommended

More Related Content

More from Michelle Singh

More from Michelle Singh (20)

Recently uploaded

Recently uploaded (20)

Barry Minkow's ZZZZ Best Fraud Scheme