Sunday, February 23, 2020

Causes of Failures of Construction Essay Example | Topics and Well Written Essays - 2250 words

Causes of Failures of Construction - Essay Example As the paper discusses  the difference between procedural failures and technical failures is that the former happen because of human errors while the latter occur because of physical proximate causes. In a vast majority of cases, technical failures are an outcome of the procedural failures. Procedural failures include but are not limited to the problems of communication between the parties involved in the project, and lack of resources. On the other hand, technical failures include such circumstances as settlement of the structure because of inadequate soil compaction.   This paper discusses the administrative causes of failure in the construction projects. Administrative causes of failure of a construction project are fundamentally controlled by the project management. Management’s ability to cope with both the internal and external factors of risk for a certain construction project plays a decisive role in determining the success of a project. Causes of failure of construction projects discussed in this paper include human and organizational aspects and change management with referral to certain case studies.  Canyon Views Project is a project of construction of villas in DHA Phase II Extension, Islamabad, Pakistan. Bridgestone Construction Company has served as the general contractor on this project.  One reason for the delay of accomplishment of milestones is the frequency of change of project managers of the general contractor.  ... Management’s ability to cope with both the internal and external factors of risk for a certain construction project plays a decisive role in determining the success of a project. Causes of failure of construction projects discussed in this paper include human and organizational aspects and change management with referral to certain case studies. Case Study: Canyon Views Project Canyon Views Project is a project of construction of villas in DHA Phase II Extension, Islamabad, Pakistan. Bridgestone Construction Company has served as the general contractor on this project. Although the project is in progress and cannot be considered as a failure altogether, yet the individual milestones in the way of execution of the project were not timely accomplished due to which the customers of villas had to wait for considerable time to enter their villas after making the payment. One reason for the delay of accomplishment of milestones is the frequency of change of project managers of the g eneral contractor. Bridgestone Construction Company saw many changes of project manager. Within just the first two years of the start of project’s execution, at least three project managers had been changed. Some left the company on their own after working in it for some while while the others were terminated b the general manager (GM). The reason project managers could not stay for long on the project was not quite hidden from the workforce. The GM had had so much influence and control on the project, that he would not let the project managers exercise their rights as a project manager on the construction site. Any decision taken by the project managers seeked approval of GM before

Friday, February 7, 2020

NIKE Stock Analysis Research Paper Example | Topics and Well Written Essays - 3750 words

NIKE Stock Analysis - Research Paper Example The paper presents SWOT analysis that helps the company identify various parameters for strengths and weaknesses in a business scenario. Diversification procedure requires an established in the most viable way. This will make sure that the risk attribute is no longer a problem in any undertakings. The analysis of the company and its business depicts a variety of shoes products that displays at the company’s platform. Footwear and other athletic products and accessories make up a large part of the company’s priority areas. Other key products line includes the athletic apparel, sporting equipments, athletic shoes and other internationally recognized sports gear. The strategic analysis of Nike revolves around the strong point derived by the quality products offered by the company. In the footwear products and the apparel, a lot of innovation encompasses such moves and the final products of such innovation are a high quality tailor product that engages the user. The marketi ng inclination of Nike products reaches a substantial market segment. The advertising procedure employed by the company reveal many product features that correspond to the actual product components. A hugely weighty issue to put in to consideration is the quality of Nike's products. The quality achievement by Nike involved a lot of market research at the inception stage. This created a stable market grounds that has continued to ensure a high demand in the mainstream products. There is a revealed competitive strategy enjoyed on a exceptionally strong point.The concentration of the company in to a large product offering is indifference. Differentiated strategy works well with Nike. The company encounters a lot of competition. Companies like Abercrombie & Fitch offers to compete products in the same field of business. Nike engages in product variation. This aims to see to it that its products meet every day specific needs of its customers. The long-standing culture of the company requ ires a through products review so that a high and top priority is concentrated to the home products.A high corporate culture strengthens the company’s long-term existence in its business industry. Employee loyalty and product branding necessitated a need for company branding. The achievement of such a task had an overhaul in the overall marketing strategy of the firm. Coffee cups branding and engrossing â€Å"Nike† influenced the product line of products. This further increases a high sense of promotion to the corporate company image. Nike’s headquarters does not appear like a normal office. It is branded the name â€Å"campus† to create a positive sense to the employee’s welfare. The players in the industry cohabitate in an extraordinarily way Growth Strategy of the Firm Nike’s strategy of growth focuses on the sale increment by â€Å"40% by 2015†. The demands for the products produced by Nike are attributable to technological advanc ement. An example can be the Nikeplus.com that has about three million followers or members. There is still a focus to concentrate much on women’s product since there is an emerging demand in today’s world. This is because of women involvement in major sporting activities than ever before.

Wednesday, January 29, 2020

Look at the beginning of act two Essay Example for Free

Look at the beginning of act two Essay And doesnt eat herself since she has presumably eaten with the children. In those times, (1692) wives were expected to stay at home, clean the house, cook the food, take care of the children, and obey their husbands. They were also expected to be good Christians, be calm, quiet etc. To express these qualities above, Elizabeth should probably dress in quite plain, conservative clothes, and walk straight, eyes slightly lowered, arms at the sides, and talk quietly. He then compliments her about the rabbit, Its well seasoned, and she receives it, blushing with pleasure. She then adds, that she took great care. Again, both are trying hard to be friendly to each other, to try to avoid argument. It is however; ironic that Proctor complimented her on the seasoning on the rabbit, since he seasoned it himself. After that, he talks about the farm and says with a grin I mean to please you Elizabeth. And she answers, I know it John. However, before she answers, she pauses, and finds it hard to say. This means that she might not think he honestly wants to please her, or make their marriage work. Since this is quite a dramatic moment, I think the lighting should focus on her at this point, and if present the orchestra should be silent to emphasize her hesitation. The author then repeats Elizabeths lack of love and coldness when John proctor gets up and kisses her, and then returns disappointed. This is so that if the audience misses the pause, thus showing her disbelief and distrust in him, they will see her total lack in passion and love when John is rejected from Elizabeth,. He then asks her for some cider, as gently as he can, since he feels she is hurt, and doesnt want to make her feel any worse. He then says, Its winter in here yet, which might be a hint for her to warm her heart and become more loving. Yet since her badly wants to be nice, he asks her on type of date, to walk across the farm. They both get up, and he walks to the door, and he seems quite happy. She however, isnt. He seems to notice this, and asks her if she is sad again. As they say these last lines, I think that the sense of their separation should be emphasised be lighting. Ie, the lights, which have been directed at both of them together so far, should split, a light on each character. This would subtly hint to the audience that although they are desperately striving to make their marriage work, it cant yet because there is a distance between them, and theyre not on the same wavelength. The audience can also see this when John seems deep in his thoughts about spring, flowers, and Massachusetts, while Elizabeth seems to worry about something. She answers to his question, Are you sad again and immediately justifies her answer when she says that she thought he had gone to Salem since he was back so late. This could show the audience that she thought he had gone to see Abigail, because they know Abigail lives in Salem from what they saw in act one. He knows that she thought of him going to see Abigail, so he says he has no business in Salem. This shows the audience, that although he is eager to let go of the past, (which is also shown in act one I will cut my hand off before I ever reach for you (Abigail) again. ) Elizabeth has not yet forgiven him, which he accuses her of later. You forgive nothing and forget nothin! She then admits to having let Mary go to Salem and this makes him quite angry. However, when she carries on he starts shouting at her holding back a full condemnation of her and says that she should control her servants better. Perhaps he also thinks that she should have controlled Abigail, so he wouldnt have had an affair with her. Basically, in this part of Act Two, the author shows that the strain in their relationship was caused by his affair with Abigail, which has resulted with her distrust. Miller also shows that Proctor quickly raises his temper, which could also strain a relationship. Proctor only seems to have raised his temper when Abigail and his affair with her are mentioned. This could be because he feels guilty. Knowing what parts of the act give hints to their difficult relationship helps tremendously when the play is performed, since the director knows what parts of the act he must emphasise. He can do that by using different lighting, sound effects, dramatic music from an orchestra, acting, and pauses. By Karina Wortelboer Show preview only The above preview is unformatted text This student written piece of work is one of many that can be found in our GCSE Arthur Miller section.

Monday, January 20, 2020

Causes Of World War One :: World War I, WWI

  Ã‚  Ã‚  Ã‚  Ã‚  Many things led up to the start of World War I. There was much tension between the countries of Europe for more than fifty years. There were immediate causes, and long-term causes. Some immediate causes were the assassination of the heir of Austria-Hungry, Germany declaring war on Russia, Germany declaring war on France, and Great Britain declaring war on Germany. Some long-term causes or basic causes were imperialism, nationalism, and the arms race. The assassination of Archduke Frances Ferdinand, who was the heir to the throne of Austria-Hungary, was probably the last step on the long road to war. A Serbian patriot murdered Ferdinand in Sarajevo, on June 28 1914. The murder angered Austria-Hungary, leading them to declare war on Serbia. At the same time, Russia gets ready to attack Austria-Hungary as it mobilizes it army at the border. In Europe, there were two powers. The Allied Power were England, France, Russia, and later the U.S. The Central Power was the countries of Germany, Austria-Hungary, Turkey, and Bulgaria. When Kaiser William II of Germany became cocky and let the treaty between Germany and Russia became invalid, and then Williams declared war unto Russia. France then gets ready to fight Germany as they declare war on them by marching through neutral Belgium. As Germany declares war unto France and Russia, Great Britain declares war on Germany as they go through Belgium. Basic causes included imperialism. Imperialism is a country wanting to take over the world and be the most powerful. The need for raw materials and new markets Europe starts to take over land in Africa, China, India, and Middle East. The fight for obtaining the most land results in European countries fighting over who gets what land. Another factor was nationalism. Nationalism is the love for ones country and feeling your part of the country. It results in each country claiming that they are the best. The Arms Race is another contributing factor to the war. Due to conflicts over land, countries start to prepare for and build up their armies. In conclusion, World War I occurs because of many unresolved factors.

Sunday, January 12, 2020

Digital music and the internet age – The people vs. the recording industry association of America

Just as the Internet is fast becoming a way of life for many in the United States, music has had its roots embedded in people's lives, careers, and hobbies throughout history. What do you get when you merge music and the Internet in the year 2002? Chaos, it seems. In this heated debate, there are two sides that are prevalent. The first is brought by the Recording Industry Association of America (RIAA), which represents the major record labels, musicians, and artists in the United States. The RIAA claims that the Internet is responsible for rampant music piracy that has the power to destroy the music industry as we know it. The RIAA been in the center of countless lawsuits and trials, and is in the forefront of the digital music debate through its use of legal tactics. The other side of this debate is represented by you and me – the common people. We do not argue that music piracy is illegal and unethical. However, we have much at stake in this argument, as the RIAA has tried to gain approval for strict laws that could affect each and every one of us. The RIAA has tried to invade our privacy, sue the common people, prevent us from playing CDs in our computers, hack into our computers, stop the sale of personal music players, and change key pieces of legislature for their benefit. Rather than approach this issue with public support and regard for the consumers who make their industry possible, the RIAA has continually neglected public opinion and has put us on the back burner in order to protect their profit margins. The History So what exactly is this big mess about? In a nutshell, it boils down to digital music piracy. The music industry is hurting from a 9.2 percent global music sales slump in 2001. According to the International Federation of the Phonographic Industry, world CD sales fell seven percent last year, while singles and cassettes continued to decline (Wang 147). They claim that music piracy on the Internet is largely to blame for this trend. By merging the Internet and compact disc technologies, it became possible for people to convert the digital music stored on CDs into a very small computer file format called MP3. A music file converted to MP3 could then be sent to other people on the Internet quickly and easily. These technological advances eventually led to rampant music piracy on the Internet. While I do not condone nor support digital music piracy, I believe that the battle the RIAA is waging has been unfair, one-sided, and based on greed. In trying to protect their interests, this trade group has bitten the hands of the people who feed it – us. The Past In 1980, a case came upon the United States Supreme Court docket involving Universal City Studios, a Hollywood movie studio, and a new Sony technology called Betamax, or what we now refer to as the common VCR. Universal City Studios asked the courts to block Betamax sales, which were poised to enter the consumer market. The movie studio argued that consumers would use VCRs to copy and distribute copyrighted films (Wright 16). In 1984 the U.S. Supreme Court told the movie industry to back off, ruling that most people would use VCRs to record soap operas they missed while at work, rather than making illegal copies of films (Wright 18). One would think that a lesson was learned from this scenario. Sadly, that was not the case. Fast-forward fifteen years and we see a very similar situation unfold. RIAA vs. MP3 players In 1998, Diamond Multimedia introduced the Rio portable MP3 player to the consumer market. MP3 files were starting to become very popular. Using the Rio portable MP3 player, people would be able to convert files from CDs that they owned into MP3 format, and then transfer them onto the Rio MP3 player, which could store hours of music and would eliminate any need for CDs or cassettes (Musician's Internet, par. 8). Enter the Recording Industry Association of America. In 1999 the RIAA filed suit against Diamond Multimedia, the creators of the Rio MP3 player. They claimed that the player violated the Audio Home Recording Act of 1992, which prohibits devices that make copies from digital music recordings. The RIAA believed that since people had the ability to illegally download music from the Internet, the portable MP3 player should be illegal (Musician's Internet, par. 9). This was a major flaw in logic for the RIAA. First of all, I personally cannot think of one person who does not own at least one CD these days. Even my grandmother has more than a handful! By trying to ban the portable MP3 player, the RIAA was saying that people did not have any legal or legitimate use for the product. However, people could easily copy songs from the many CDs they owned onto this portable MP3 player, and still remain perfectly law abiding citizens! Just as in the previous Betamax judgment, this case was thrown out. The Ninth U.S. Circuit Court of Appeals ruled that Diamond Multimedia's technology was perfectly legal, as the player made copies from computer hard drives and CDs, not solely from digital music recordings (Musician's Internet, par.15). The portable MP3 player has now become immensely popular and successful, and is one of the current best-selling pieces of technology on the market today. In fact, analysts predict that 26 million portable MP3 players will be sold in 2005, threatening the dominance of even CDs (Brull 67)! The RIAA was trying to hinder change. If they had been successful, we would not have portable MP3 players in our lives today. RIAA vs. Napster The case of the Recording Industry Association of America versus Napster was very widely publicized. Napster was an online file-trading program that allowed people to trade both legal and illegal MP3 files with ease. The RIAA soon entered the scene, eventually succeeding in shutting Napster down. I do believe that the RIAA had very good reason to take action against Napster, as it was an online music piracy haven. However, in succeeding to shut the service down, they overlooked a very important issue; people loved downloading music from the Internet. Rather than start their own legal online file-sharing program, the RIAA and the music industry were very slow in action. The RIAA did not listen to public demand for such a service. With the demise of Napster, new illegal trading programs popped up. Unlike their predecessor Napster, however, these programs would be next to impossible to shut down as they have no central server location. These networks run from user to user. Essentially, the only way to stop the programs is to shut down the Internet itself. If the RIAA had listened to the people, it is very possible that they would be in a much better position in the fight against music piracy. However, they ignored the need of the public, and dug themselves an even deeper hole. There was a very legitimate and legal answer to Napster. Rather than trying to turn the service into a paying model or creating their own service, the RIAA simply shut it down. They gave no thought to the legal uses, such as promotion, sharing of files by independent artists not signed to any record label, uncopyrighted material, and music available with permission from the artist or record company. So why didn't the RIAA and the major record labels jump to start their own Napster-like networks? The answer is simple. Digital music distribution, as it stands now, offers much thinner profit margins. Rapper Chuck D says â€Å"a major label makes a CD for as little as 80 cents, then sells it wholesale for $10.50 so retailers can charge $14 – that's highway robbery.† He gloats further that â€Å"the true revenge will come when the major labels start dropping their prices† (Hopper, par. 7). If consumers are able to use inexpensive technology to download music free or of a much lesser charge, you can bet that they won't run to a record store and pay $14 for a CD. The key to that $10 profit margin they are making is that manufacturing and distribution would eventually fade in digital downloads, meaning the record labels would have to cut costs and make a smaller profit. It's all about money. With so much piracy occurring online and next to no way to stop it, what could the RIAA do next? How about prevent consumers from playing CDs in their computers, or better yet, how about hacking all of your computers? That is exactly what they are trying to do. RIAA vs. Your Computer Throughout its many legal battles thus far, the RIAA has continually neglected and disregarded the music consumers. So, it comes as no surprise that it happens yet again. However, this time their focus is on your very own personal computer. One of the first anti-piracy measures used by the RIAA and the major record labels was a technology called copy-protected CDs. Introduced in 2000, these CDs were designed to prevent a user from copying music tracks to a computer and then sharing them with others online (Cohen 43). Sounds good, right? Maybe not, as this technology has a major downfall. If you try to play a copy-protected CD in your computer, you will find out that it isn't possible! In fact, even some older regular CD players cannot play the copy-protected discs. By adding this copy-protection, the music industry effectively stops you from playing these CDs in your computer at all. In doing this, however, one of your personal rights has been taken away. Imagine that! The 1992 Audio Home Recording Act allows music listeners to make some personal digital copies of their music for their own use and backup (Brull 67). With copy-protected CDs, you are not able to make copies of the music that you have purchased and have every right to copy and backup – another strike against the RIAA. The copy-protection debate is currently being waged by lawmakers. Another way the Recording Industry Association of America is trying to stop you from copying music and sharing it with others is by hacking you! This is another debate currently up in the air in Congress. The RIAA has recruited Congressmen Howard Berman and Howard Coble to introduce a piece of legislature that would let content owners hack pirates' computers (Brull 68). So what does that mean to you? Essentially, it means that the record labels, the RIAA, and copyright owners would be able to hack into your computers and delete or replace your illegal files. This is a huge breach of privacy, but yet another act that the RIAA deems ‘necessary.' If they cannot stop the software used to trade illegal files, the industry hopes to attack your computer instead! RIAA vs. Privacy and Internet Service Providers (ISPs) However, the fight doesn't stop at your computer. Money means so much to these companies that they want to compromise your privacy as well. On July 23, 2002, the Recording Industry Association of America made an unprecedented request of Verizon Communications, a company that sells Internet access to consumers. The RIAA served the company with a subpoena, seeking the identity of a Verizon subscriber who allegedly illegally traded songs by artists including Britney Spears, Jennifer Lopez, and N'Sync. The RIAA didn't specify why it wanted to know who the user was, or what it would do with the information (Hopper, par. 16). Luckily, Verizon denied the request and took this issue to court. Everyone has a right to be anonymous online. A user's anonymity should not be unmasked without any proof of misconduct. In fact, in defamation and trademark-infringement cases, a judge is first asked to weigh the evidence of illegal activity against the constitutionally protected right to anonymous speech (Black 9). The RIAA is trying to bypass judges, courts, and laws in order to force ISPs to reveal information about their subscribers without even making any charges. This is yet another personal right that the company is infringing upon. This debate is currently in court as well, and it should be interesting to see what happens in the end. It is very probable that the U.S. Supreme Court will settle this issue. RIAA vs. Your Integrity Even after showing no respect for your personal rights and laws as a consumer, the RIAA is now attacking your very own integrity. On September 26, 2002, ads began running on television and in print condemning online music piracy. These weren't your normal ads, however. This time around, the RIAA thought that since they couldn't get your attention, perhaps popular music superstars could (Healy, par. 2). These ads, by such artists as Britney Spears, Mary J. Blige, Shakira, and Madonna have one underlying message – we are thieves. â€Å"Would you go into a CD store and steal a CD?† Britney Spears asks in one ad. â€Å"It's the same thing, people going into the computers and stealing our music† (Healy, par. 4). Rapper Nelly had a similar message. â€Å"We really look at it as stealing, because to us it's black and white, either you pay for it or you don't. And, you're not paying for it† (Healy, par. 6). However, these ads are a bit hard to swallow for the average consumer. Let's look at this picture again. These are mega-selling superstars. In 2000, Madonna had reported assets in excess of $425 million. Britney Spears makes over $40 million yearly (Healy, par. 9). The RIAA wants us to believe that these artists are hurting from piracy? I don't know about you, but I don't feel too sorry. Conclusion In conclusion, I believe that the Recording Industry Association of America is a devious and thoughtless trade group. They have continuously put their profit margin ahead of the rights of the consumers. The numerous real-life examples presented in this paper should give you a firm understanding of the unethical antics that the RIAA has used to further their cause. Which side are you on – big business, or consumer rights?

Saturday, January 4, 2020

Essay on Private Schools Will Not Fix the American...

Private Schools Will Not Fix the American Education System The American public education system was founded on the radical notion that all members of society should have equal access to education. Also crucial was the notion that a basic common education was essential for a true democracy. This revolutionary system is now in indisputable trouble. Many worry about America’s ability to compete with foreign countries while others address the growing dichotomy between the quality of education in different economic areas. Recent rural shootings have only exasperated the problem, and caused many parents to entirely abandon the public system for a private alternative. A flurry of solutions has been suggested, ranging from school†¦show more content†¦While a good idea in theory, I fear it could lead to a school curriculum that is focused solely on improving test scores to attract new students. Again, although the government should be available for assistance, the standard for measurement of students should come from the affected children and their parents. The division between the test scores of American and Asian high school students has recently become a matter of many debates in many circles. Often the conclusion is that the American system is not fulfilling its role of making competent citizens, and that America will soon be unable to compete in the global economic market. Before I discuss the differences between Western and Eastern attitudes towards education that feed this test score split, I will review an important factor that is often overlooked in these statistics. The school systems of Japan and Korea do not attempt to educate the entire population of the country. Instead, only the most successful grammar school students are chosen to go on to higher education. In contrast, America makes education beyond grammar school not only available but required. Therefore, while the test scores represent all of American children, they only represent a select number of Asian students. These test scores do not reflect that American students are not as intelligent or as able to compete as Asian students are. Instead, they reflect a difference in attitudes thatShow MoreRelatedChoice And Accountability Claims By Diane Ravitch1259 Words   |  6 PagesSantos 1 TO: Franklin McDuffy, California State Senator FROM: Onassis Santos, Education Policy Researcher at Senator McDuffy’s Office DATE: October 27, 2014 SUBJECT: Choice and Accountability claims by Diane Ravitch The purpose of this memo is to review and analyze the claims made by Diane Ravitch in her book, The Life and Death of the Great American School System, and to justly state if the authors claims are well-researched and based on facts or if her arguments and claims are biased and opinionatedRead MoreThe Future Of The American Public School System1344 Words   |  6 PagesAmerica s Schools are to meet the needs of the twenty first century, they must be reinvented. It is not enough to try to fix the schools; they must be reconstructed in both fundamental and radical ways. The school system must be restructured. 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We should be very thankful for the opportunity to get an education, while others are actually forced away from getting an education. The ability to expand your knowledge is something that nobody should ever take for granted. People learn in many different ways. As Americans, the most important kind of knowledge we have to have is learning of statistics and what has happened in theRead MoreObtaining A College Degree Is Essential For Getting A Good Job1547 Words   |  7 Pagesby Gallup, almost seven out of ten Americans strongly agree that obtaining a college degree â€Å"is essential for getting a good job in this country.† Approximately four out of five Americans claim that they lack the financial ability to afford a college education (Levaux). With the clear majority of Americans believing that having such an education is essential, discussion pertaining to the legitimacy of its cost is necessary. On average, public postsecondary school tuitions are rising over twice asRead MoreNo Child Left Behind Essay797 Words   |  4 Pagesannual test of those skills, it ignored history, civics, literature, science, arts, and geography. It was basically no curriculum, measurements and data does not fix t he schools. Constant test preparation sometimes generated high test scores but it had nothing to do with education. According to The Death and Life Of The Great American School System, the author Diane Ravitch states, â€Å"test should not follow the curriculum. They should not replace it or precede it. Students need a coherent foundation of knowledge

Friday, December 27, 2019

Bank Fraud - 956 Words

Bank fraud is a crime that has been around as long as banks themselves. Anytime there is a large amount of money floating around, there are going to be people trying to figure out ways to get to it. In the United States, and most other developed countries, bank fraud is a serious problem that causes billions of dollars in damages every year, and is considered a federal offense. In China bank fraud is even punishable by death. Bank fraud is defined as attempting to wrongfully take money or property from a Federally insured financial institution. That doesn’t mean the banks are the only victims though. Millions of people every year fall victim to monetary damages that are caused by bank fraud. There are two main categories when it comes†¦show more content†¦Ã¢â‚¬ ¢ Credit Card Fraud: Credit card fraud is a very common crime. Credit cards can be stolen or created with a fake identity. Thousands of dollars can be fraudulently spent before the bank or the victim catches on. †¢ Fraudulent Accounting: Documents can be forged to inflate the perceived value of a company. This is used to attract large investments from the banks, when in reality the company may be worthless and never intends on giving the bank any return on their investment. †¢ Stealing Identities: Identity theft doesn’t only happen due to banking insiders. Personal information may be stolen via fake documents, phishing for information on the internet, through computer systems, or through various other avenues. The information is then used to take out loans or apply for credit cards using the victims personal informa †¢ Money Laundering: Money laundering simply refers to hiding the so urce where a sum of money originates. There are many ways for someone to launder money through a bank. Purchasing and selling securities, using the funds as collateral on the loans, and even writing off the money as business expenses are all common forms of money laundering. Protecting Yourself From Bank Fraud †¢ While the term â€Å"bank fraud† refers to criminals stealing money from financial institutions, that doesn’t mean their aren’t individual victims as well. For most people, the biggest threat is having their identity stolen. Once a thief gets aShow MoreRelatedBank Frauds in India are Substantial2419 Words   |  10 PagesThe number of bank frauds in India is substantial. It is increasing with the passage of time. All the major operational areas in banking. There are different area in Bank Deposits, loan, inter branch, accounting, transaction etc. Bank fraud is a big business in todays world. Banks these days are being duped of crores of Rupees, thus destabilizing investor’s confidence. 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