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. The year 2005 witnessed the wiping of Rs. 1134.4 crores from the banking industry in India due to bank frauds, which was aboutRead MoreIncreasing Bank Frauds and Cyber Crimes2367 Words   |  10 Pageshighlight the increasing bank frauds committed through the Internet as the emerging white-collar crimes. The project first endeavours to explain the meaning of white-collar crimes, cyber crimes and corporate crimes and how they are interlinked with each other. Then there is a brief discussion about Internet crimes in the USA. This is followed by the example of the Mphasis-Citibank scam. The project concludes offering a few suggestions to control the rapid increase of bank frauds as cyber crimes. Read MoreThe Role of Internal Audit in Prevention of Fraud in Nigeria Banks . a Case Study of Equitorial Bank Lagos.9955 Words   |  40 PagesStudy CHAPTER TWO: LITERATURE REVIEW 1. Introduction 2. Types of Bank Frauds 3. Causes of Fraud 4. Effects of Fraud on Banks 5. Internal Audit function 6. Fraud and Internal Audit 7. Fraud Prevention 1. General Measures 2. Specific Preventive Measures 8. Elements of Fraud Auditing 9. Measures of Controlling Fraud in Banks 10. Statement of Internal Audit Standard No. 3 2.10.1 Deterrence of Fraud CHAPTER THREE: Research Methodology 1. Area of Study 2. ResearchRead MoreBank Fraud2603 Words   |  11 Pagesbecoming more common is counterfeit money scams and committing fraud towards a financial institution. One of the most recent cases of counterfeiting is the the ring of five men that circulated six million dollars worth in the money market. I come across this crime on regular basis at work. I work as a deposit loss prevention analyst at a bank here in Norman. My coworker wonder why people deposit counterfeit checks into the bank and commit fraud on our clients accounts. I say people commit this crime becuaseRead MoreInternal Control and Fraud Detection in the Banking Industry (a Case Study of Guarantee Trust Bank Plc)11154 Words   |  45 PagesINTERNAL CONTROL AND FRAUD DETECTION IN THE BANKING INDUSTRY (A CASE STUDY OF GUARANTEE TRUST BANK PLC) BY OGUNDELE GBONJUBOLA 06271184 BEING A RESEARCH PROJECT SUBMITTED TO THE DEPARTMENT OF ACCOUNTING, FACULTY OF MANAGEMENT SCIENCES, UNIVERSITY OF ABUJA, ABUJA, NIGERIA IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF BACHELOR OF SCIENCE (B.SC) HONOURS DEGREE IN ACCOUNTING JANUARY, 2011 DECLARATION Apart from references of other people’sRead MoreCase Study : The Satyam Scam799 Words   |  4 PagesAishwarya Gokhale The Satyam Scam Studies suggest that there are four basic factors that lead to fraud. First, is the opportunity to commit fraud, second, the incentive to commit fraud, third, the rationalization of the fraudulent act and fourth, the capability to commit the fraud. Satyam Computer Services Limited was a global consulting and IT services company, offering a wide range of solutions, from strategy consulting to implementing IT solutions for customers. Byrraju Ramalinga Raju was theRead MoreFinancial Crisis Related On The Subprime Mortgage Market And The U.s. Housing Market1713 Words   |  7 Pages b. RELIANCE Another component of fraud crimes is reliance. For the government to prevail on fraud charges, it has to establish reasonable reliance on the alleged misrepresentations or omissions. Most financial crisis related investigations focused on mortgage backed securities that banks sold consisted of subprime mortgages that are doomed to be defaulted. The misrepresentation argument goes that banks failed to disclose the low quality of the mortgages and substantial risks of default thatRead MoreThe Corporate Con Essay1103 Words   |  5 PagesThe Internal Fraud and The Auditor   Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  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.   Ã‚  Ã‚  Ã‚  Pam wasRead MoreFraud Prevention1609 Words   |  7 Pagestalking about a fraud hotline program to help detect fraud and also preventing fraud. Fraud Prevention Management is aware of the increased requirements for a public company to maintain a system of internal control to help prevent and detect fraud. The CEO, Mary Moore, is also interested in using a proactive posture toward building an antifraud prevention program, including exploring using a proactive auditing approach to fraud discovery. The internal auditor and the external fraud investigatorRead MoreThrough The History Of The United States And The History1414 Words   |  6 PagesThrough the history of the United States and the history of corporate fraud, many infamous people and entities have taken advantage and abused the corporate system while finding loop holes or discrepancies to use in their favor. Corporate Fraud consists of activities undertaken by an individual or company that are done in a dishonest or in an illegal manner, and are designed to give an advantage to the perpetuating individual or company (Ivestopedia,1). Investors have been known to throw money

Why Human Sexuality is Important - 821 Words

April 18, 2013 Why Human Sexuality is Important Human sexuality plans a major role in everyone’s life whether you are a man, women, young or old, African American, Caucasian, or Chinese. Sexuality is an integral part of being human. Love, affection, and sexual intimacy contribute to healthy relationships and an individual’s well-being. I define human sexuality as a way in which we experience and express ourselves as sexual beings. Being aware of one’s sexuality is important as it helps let you know who you are as a person. There also are illnesses, mixed emotions and unintended consequences that can affect our sexual health when addressing ones sexuality. An open discussion of sexual issues is important so it brings awareness to†¦show more content†¦Whether you want to have a family or not everyone has a unique sexuality that develops from the time we are born and is influenced by every event in our lives. Knowing others sexuality preferences is important to identify as a biology major. Being a biolo gy major I plan on going into the medical field and working on patients. I need to have the ability to work with everyone that enters the ER whether they are gay, straight, bisexual, etc. As aShow MoreRelatedA Study Of Ethics And Morality Essay1474 Words   |  6 Pagescountless different areas of human life and our relationships with the decisions we make and their effects on all aspects of our own and others’ lives. According to the text of Thiroux and Krasemann, the topic of sexual morality is truly â€Å"the heart of morality† (260). The morality of human sexuality and marriage deeply covers the complex characteristics of human relationships and friendships, sexuality, love, intimacy, and a multitude of other moral engagements between humans. The main objective of thisRead MoreHuman Sexuality Education : A Natural Part Of Our Everyday Lives1188 Words   |  5 PagesHuman Sexuality Education Paper As a very natural part of our everyday lives and existence as humans, it is perplexing how so many Americans are undereducated about human reproductive systems and sex organs, their structures and functions, and the various effects and consequences of human sexuality. The responsibility of properly educating young people about human sexuality is in the hands of parents and schools. Educational programs in U. S. schools today, such as Abstinence Only and AbstinenceRead MoreHuman Sexuality And Its Effects On Children And Young People Understand1309 Words   |  6 PagesMuch has been made of the role of human sexuality, yet little has been said about the importance of learning about human sexuality. Sex has been the same since time began, and we cannot continue to ignore the reality of what children are being exposed to. Being educated about these topics, being educated, in general is important to me. Education is what will help this world with inequalities, and so many other problems . Human sexuality has become one of the topics that have caught my attention becauseRead MoreHow Does Foucault s Freud s Repression Hypothesis?1620 Words   |  7 Pagessupport sexual relations in between two opposite sexes and strongly denied these relations in between the homosexuals. Such religions also prefer virginity before marriage. In this context, the marriage is considered as a mean of controlling the sexuality (Cook, 2014). Thesis In the following writing attempt, the discussion about the repression is proposed to evaluate through the ideas and hypothesis of Freud and Foucault. Moreover, the writing attempt is aimed to understand that in what ways FoucaultRead MoreFreud s Theory Of Repression1558 Words   |  7 PagesFreud’s Repression Hypothesis Freud’s theory about repression is widely studied and discussed in the psychological studies. The repression is a normal way of life as every human receives numerous limitations by civil society. In book stated as, â€Å"The organic periodicity of the sexual process has persisted, it is true, but its effect on mental sexual excitation has been almost reversed. This change is connected primarily with the diminishing importance of the olfactory stimuli by means of which theRead MoreWhy Do We Fall in Love?1359 Words   |  6 Pagesattraction between the sexes? Sexuality is a subject about which no one is neutral. Everyone has a sexual nature, everyone has a need for sexuality, everyone has a sexual personality that has been formed by home, schooling, the trial and error of life experience, and whatever they pick up along the way from the subtle and notosoosubtle influences of the society in which they live. In seeking to make sense of our sexuality we must look to its origins. Where does our sexuality come from? In this articleRead MoreThe Ethics Of Human Sexuality1362 Words   |  6 PagesHuman Sexuality provided the introduction to the required skill set for the counseling profession not as a specialty, but as an avenue to self-reflect upon the learning of new concepts and ideas, gathered from sex researchers. Recognizing the impact of societal beliefs concerning the gender socialization process helps us understand bits and pieces of human sexuality. It is important to also understand attitudes, worldview, ethical considerations and prejudices as we process the topic of human sexualityRead MoreSex at Down976 Words   |  4 Pagesargue that human beings evolved in egalitarian groups that shared food, child care, and, often, sexual partners. Weaving together evidence from anthropology, archaeology, anatomy, and psychosexuality, the author’s show how far from human nature monoga my really is. Reading the book I understand that Ryan and Jethà ¡ try to explain how our promiscuous past clashes with our contemporary beliefs. They, in my personal opinion, explore why many people find long-term fidelity so difficult; why sexual passionRead MoreHuman Sexuality Essay1238 Words   |  5 Pagesreally important sexual issues. The reason why I chose this film is because it displays a new perspective on relationships. Choosing this movie made me step out of my comfort zone. When most people think about sexuality, they think about young people. Very seldom does one equate sexuality with older people. In the film, It’s Complicated, it shows the complexity of relationships between middle-aged people. I thought that would be more interesting than choosing a film that showed human sexuality betweenRead More William Faulkner’s The Sound and the Fury Essay example1605 Words   |  7 Pagespreoccupation with Caddy’s sexuality. Throughout the Quentin section of Faulkne r’s work, the image of honeysuckle arises in conjunction with the loss of Caddy’s virginity and Quentin’s anxiety over this loss. The particular construction of this image is unique and important to the work in that Quentin himself understands that the honeysuckle is a symbol for Caddy’s sexuality. The stream of consciousness technique, with its attempt at rendering the complex flow of human consciousness, is used by

Poem Out, Out Robert Frost Analysis Essay Example For Students

Poem Out, Out Robert Frost Analysis Essay All poets have a certain licence when they are writing and that license includes the ability to change, slightly exaggerate or indeed understate facts. But all the great writers adhere reasonably closely to facts and real life. In the poem I have chosen Out, Out by Robert Frost, I believe he has done this successfully and has created a very effective and realistic poem. This particular poem of Robert Frosts is quite deceptive at first, and we believe it to be another of Frosts pastoral poems about the beautiful countryside. We are mislead, and then later realise it to be a more realistic poem of a horrific accident, to a young boy while he is cutting wood with a saw at home, on the family farm. The poem opens by giving us a description of what was happening, it starts immediately by giving us a vivid image of the saw and the sound it made. In the opening of the poem it seems like a very normal and routine task being carried out, and it is through this opening of the poem, we the readers are fooled. In the first line The buzz saw snarled and rattled in the yard the poets uses very effective verbs to create the impression the saw is really aggressive and almost alive. Then in line three it says Sweet scented stuff when the breeze drew across it and I think this reassures us this is another of Frosts partially well known nature poems. In line four and five it describes the scenery around the place where the poem is set. It says Under the sunset, far into Vermont and it is here Frost creates a real sense of time and place and in my opinion reinforces our opinion on the theme of the poem. In the following line Frost uses a very clever device of repetition and onomatopoeia. He repeats the first line saying And the saw snarled and rattled, snarled and rattled inorder to emphasise how aggressive and rough the saw really is. In my opinion Frost then creates a calm and peaceful atmosphere by line nine And nothing happened, day was all but done. Then in line ten our feelings on the poem changes when the poets says, Call it a day I wish they might have said. This seems to alert us, and we hear the regret in the poets tone and we sense that something is about to happen. It is here we initionally sense this is not a pastoral poem, but it is one of deeper meaning. In line eleven and twelve Frost uses and repeats the word boy, as he does throughout the whole poem. This is to make us think of the boys youth and this is emphasised by the repetition of boy. Then in the following two lines the poet here tries to portray the saw as if it has almost has an intelligence of its own, and it too knew what food was. As Frost uses the simile as if to prove that saws knew what supper meant. It then goes on to say that the boy must of given the hand meaning for a second or two the young boy was absent minded and for a split second must of let go of the saw. Then the poet says well whatever way it happened neither the boy nor the saw refused the meeting In the poem the boys response to the accident is not what I would of expected- The boys first outcry was a rueful laugh this was as if the shock of how quick it had all happened, refrained reality from hitting him and he did not understand how serious the accident was. Then the boy swung round towards them, holding up his hand, he does this as if to beg the people around him to help and to see, just like a young child if someone would take control, by telling him what to do. In the poem it also says he does this in order to keep the life from spilling. This is a metaphor used by Frost and here he means quite literally the boy held up his hand, to keep the blood that symbolised the boys life, from draining from him. Then the boy saw all meaning he realised exactly the extent of what had happened and he now fully realised how serious it was. Then in the following two lines we see how the young boy was brought up and what was expected of him. Since he was old enough to know, big boy doi ng a mans work, though a child at heart -. Here we see how the boy in the poem was still young at heart and although he was physically strong enough to carry out such a dangerous job, growing up in a farming society, he was expected to do this. Jobs on a farm were to determine his lively hood for the rest of his life, but then the boy saw all spoiled, he knew he would never be able to work like he was brought up to again. Here he begged his sister Dont let him cut my hand off- the doctor, when he comes. Dont let him sister! The poet uses his own words here to create atmosphere and feeling in the poem. Icici Bank- Strategy Analysis EssayAs when the reader knows these were the actual words of the boy, it makes us feel sorry for him. Then it says but the hand was gone already by this the poet meant it was so badly cut it could not be saved. There was nothing that could be done. The doctor then put the boy in the dark of ether meaning put him to sleep with an anaesthetic, and there he lay breathing peacefully. Until, the watcher at his bedside took fright, no one believed, as the boys heart rate gradually began to fade away- Little- less- nothing! The boy was dead. The last two lines of the poem convey in my opinion the message behind the whole poem. No more to build on there. And they, since they were not the one dead, turned to their affairs. The message: this is reality, this is what happens in real life, we all must move on. Just like in the poem were the boys family were fatalistic people, and they realised and accepted what must happen in life. They saw no matter how much we d ont want it to there is no point in drawing out the grief.

The Indispensable Metaphor of War an Example of the Topic History Essays by

The Indispensable Metaphor of War A "War on Terror" was proclaimed by former United States President George W. Bush. Countless cities all over the world have also declared a war on drugs, on gangsters and other social disturbances. Steinertrsquo;s article deals with the use of war metaphor in the society and how the concept of war had been desensitized and used in countless ways in society without regard for the historic concept of war. This is explained by the "populist structure" of politics. Need essay sample on "The Indispensable Metaphor of War" topic? We will write a custom essay sample specifically for you Proceed The author elaborated on the three manifestations of the monopoly of force of the state: warfare, punishment and policing. The author carefully explained the delineation and difference between these three forms of state monopoly of force. War, however, has the widest and almost universal appeal to the populace because war tends to be connected to the social values of the people and is used to defend whatever physical and intangible things that people perceive that they possess. Because of this mass appeal of war, it has been used widely to combat even the perceived social ills in the society. With the help of media, the experience of war has become almost universal in the society even among non-combatants. One of the assertions of the author, however, is that "military training is a training in individual helplessnesshellip; which demands unquestioning and complete individual dedication. This kind of training may be seen as part of the checks and balances in the society so that the soldiers will not have the initiative to take over the reins from the civilian government. True, the military have become involved in political positions and uprisings all over the world. Yet, in worst cases, individual soldiers simply followed their commanding officers without any question. Interestingly, the author contrasted peace-keeping and warmongering. Peace-keeping is an important function of the state, too. It is more difficult to promote though. It seems to be easier to fight against some kind of invaders, instead of promoting a present state of affairs. The author succeeds in explaining why such metaphor of war also applies to the issue of immigration among other things. What seems to be lacking though is a more thorough explanation of the impact of using war as metaphor in various areas of life in the society. Steinert even explored the sector of education as one of the places where the metaphor of war has lost its hold. The trends of warfare that the author mentioned are also worth looking at and would yield further insights into how future generations might look at war and its consequences in the society. The military and the state seem to benefit from this spread of war as a metaphor in areas of society where it should not really be applied. One other impact of this spread of war as metaphor is the desensitization of citizens to war. When that happens, people may lose the sensitivity of how serious a business war is! While they may experience second-hand warfare through the media, war is always a difficult situation and it takes its toll on the government and on the citizens of the society involved. Reference Steinert, Heinz (1998a) `Ideology with Human Victims. The Institution of `Crime amp; Punishment' between Social Control and Social Exclusion: Historical and Theoretical Issues', in Vincenzo Ruggiero, Nigel South and Ian Taylor (eds) The New European Criminology, pp. 405-424. London: Routledge . Steinert, Heinz (2002) `Administrative Resistance and Other Limits to `Americanization': Some Reasons Why American-Style Security Policies Will Fail to Sweep Europe', in Cornelius Prittwitzet al. (eds) Festschrift fuuml;r Klaus Luuml;derssen, pp. 359-371. Baden-Baden: Nomos .