Business & Economics

World Banking World Fraud

World Banking World Fraud

Author: John Cruz

Publisher: CreateSpace

ISBN: 146378659X

Category: Business & Economics

Page: 275

View: 429

From life as a young orphan to the American dream to a corporate nightmare of fraud and money laundering. John Cruz is a survivor. In his new book, World Banking World Fraud, Cruz describes his extraordinary rise from poverty to inside a world bank where he uncovered and documented the systemic fraud and money laundering that eventually led to his termination. Cruz first became aware of the fraud in 2009 when he was named vice president; senior business relationship manager (SBRM) over some of HSBC's highest producing branches on Long Island. There he learned that managers at HSBC were so effective because they were establishing fraudulent accounts. He discovered and documented multiple phantom businesses with active accounts but was explicitly told by management to forget what he saw. Cruz recently said of the fraud: What I realized quickly was that this wasn't a one-time thing, or the activities of a few people. What I found at HSBC was systemic and international, I wrote my book, World Banking World Fraud, because no company should be above the law, no matter how big it is or how much money it has.
Political Science

Common Goods and Evils?

Common Goods and Evils?

Author: Anja P. Jakobi

Publisher: OUP Oxford

ISBN: 9780191662119

Category: Political Science

Page: 336

View: 850

Global crime governance has emerged as an important component of world politics. It is manifested in national and international agendas, the proliferation of global regulations, growing international budgets, and the enlarged mandates of international organizations. As a result, the definition and prosecution of crime is now increasingly homogenous, but it also shows variance: some crime policies are institutionalized coherently or attached to strong international organizations, while others are weak or dispersed across different forums. Based on sociological institutionalism, this book examines questions of structural variance in the institutional design of global governance. It shows that the interplay of strong actors and rationalization principles lead to more coherent forms of global crime governance, while normative arguments related to crime are more likely to result in fragmented forms. In consequence — and contrary to many scholars' assumptions — global crime governance is strongest in those areas that are least attached to moral statements. The book develops a theory of society and applies this framework to explaining the sources and consequences of institutional design. Drawing on qualitative and quantitative methods, the text analyzes the origins of global regulations, how they are disseminated, and why differences exist. The role of the United States in creating global rules and disseminating them is emphasized. Readers interested in international relations, global governance, globalization studies, world society studies, and criminology will benefit from the theoretical and empirical results of this book.
Political Science

Beyond the Global Capitalist Crisis

Beyond the Global Capitalist Crisis

Author: Berch Berberoglu

Publisher: Routledge

ISBN: 9781317174554

Category: Political Science

Page: 218

View: 709

The deep economic recession that has occurred in all major sectors of the U.S. and global economy is a manifestation of the underlying contradictions of the capitalist system that has resulted in the accumulation of vast fortunes on one side and impoverishment, debt, and destitution on the other. In short, the crisis of global capitalism is the result of the immense disparities in wealth and income and a consequent widening gap between capital and labor. This ground-breaking book brings together a team of experts on the contemporary global capitalist political economy who are able to shed light on the inner workings of global capitalism and the capitalist globalization process that has led to the growth and development of capitalism from the national to the global level, with all its fundamental internal dynamics and contradictions operating on a world scale. It will make an important contribution to understanding the underlying causes of the current global economic crisis and show the way out of this crisis by way of a powerful critique of the global capitalist system that will ultimately go through a major economic, political, and social transformation. Analysis of the global capitalist crisis raises questions regarding the process of capitalist globalization, especially now that neoliberal economic policies have failed. Does this signal the end of capitalist globalization and the collapse of the global capitalist system? This book will take up these questions and entertain the possibility of a new beginning in the global political economy through an analysis of the next period of post-capitalist developments worldwide that may set the stage for the rise of socialism across the globe.
Business & Economics

The Truth About Investment Scams

The Truth About Investment Scams

Author: Steve Weisman

Publisher: Pearson Education

ISBN: 9780132657839

Category: Business & Economics

Page: 20

View: 642

This Element is an excerpt from The Truth About Avoiding Scams (9780132333856) by Steve Weisman. Available in print and digital formats. 10 huge financial rip-offs: how to recognize and avoid them! We’ve all received emails that contained glowing recommendations of a particular stock--or perhaps you’ve learned on an Internet forum about a particular “steal” of a stock that’s about to take off. Or maybe you even received an email intended for someone else giving you “inside” information. Just ask Martha Stewart. It’s not a good thing....
History

The Golden Gift

The Golden Gift

Author: J.S. Kim

Publisher: Lulu.com

ISBN: 9780985782733

Category: History

Page: 180

View: 382

Inside the Golden Gift is a shocking revelation that no banker ever wants you to know. Yet if the world becomes aware of this revelation, we can work together to usher in a new renaissance and period of economic prosperity. The idea inside this book can alleviate poverty, restore peace between warring nations, destroy conditions that give rise to terrorism, and restore the freedom and pride of Republics. All first year sales profits from this book will be donated to three children's organizations & orphanages, Future Light Kids in Thailand, Two Sisters in South Africa, and The Mulligan Project in Vietnam.
Business & Economics

Internet Fraud. An Overview

Internet Fraud. An Overview

Author: Caroline Mutuku

Publisher: GRIN Verlag

ISBN: 9783668728103

Category: Business & Economics

Page: 10

View: 799

Seminar paper from the year 2018 in the subject Business economics - Law, grade: 1, , language: English, abstract: Internet fraud assumes different forms. Therefore, this term paper will give a comprehensive overview of internet fraud. It appears that advances in the computer technology have led to the emergence of new crime activities. However, current wave of economic globalization requires extensive application of ICT in business transactions. As a result, e-commerce is seemingly assuming the center stage in the world of business. It has imparted sophistication in the way the global community carries out business transactions. Today, people do not need to have liquid cash in the pocket for business transactions as it used to be the case before the inception of e-commerce, in 1990’s. Moreover, electronic money transfers have offered people with a reliable alternative of buying and selling items through electronic means. Purchase and selling of goods and services are currently being conducted at the comfort of one’s sofa set in the house or on the office chair. This has been enhanced by the invention of e-payment services, in which buyers can purchase commodities via online connection, the so-called online shopping and send the payments to the seller through electronic money transfer means. However, e-commerce appear to be accompanied by enormous financial risks, especially with regard to internet fraud through which users of online money transfers are losing colossal sums of money to cyber criminals. It is believed that millions of people among the global population fall victims of internet fraud every year and, the vice has been assuming upward trends year-by-year. From an accounting perspective, Internet fraud is a cyber crime in which cyber criminal develop an internet scheme to deprive a person of financial resources, especially by the creating dishonest misrepresentation of fact. Australian Federal Police (2012) defines internet fraud as, “any type of fraud scheme that uses email, web sites (and) chat rooms or message boards to present fraudulent solicitations to prospective victims” (par. 1). Internet fraud assumes different forms. Therefore, this term paper will give a comprehensive overview of internet fraud.
Business & Economics

Bank Risk Management in Developing Economies

Bank Risk Management in Developing Economies

Author: Leonard Onyiriuba

Publisher: Academic Press

ISBN: 9780128093597

Category: Business & Economics

Page: 668

View: 694

Bank Risk Management in Developing Economies: Addressing the Unique Challenges of Domestic Banks provides an up-to-date resource on how domestically-based banks in emerging economies can provide financial services for all economic sectors while also contributing to national economic development policies. Because these types of bank are often exposed to risky sectors, they are usually set apart from foreign subsidiaries, and thus need risk models that foreign-based banks do not address. This book is the first to identify these needs, proposing solutions through the use of case studies and analyses that illustrate how developing economic banking crises are often rooted in managing composite risks. The book represents a departure from classical literature that focuses on assets, liabilities, and balance sheet management, by which developing economy banks, like their counterparts elsewhere, have not fared well. Contains fifty cases that reinforce risk management best practices Provides a consistent chapter format that includes abstract, keywords, learning focus, and outcomes Summaries, questions, and glossaries conclude each chapter
True Crime

Dirty Dealing

Dirty Dealing

Author: Peter Lilley

Publisher: Kogan Page Publishers

ISBN: 9780749448752

Category: True Crime

Page: 240

View: 714

Highly organised gangs, from the Italian Mafia to the Japanese Yakuza, infiltrate every corner of the globe: and money laundering is at the heart of their business. Dirty Dealing exposes the awesome scale and scope of global money laundering and its filtration into the world's legitimate business structures. Leading expert Peter Lilley reveals how the money is obtained, how it is "washed", and how organizations can detect and prevent money laundering. Highly topical, this fully revised and updated edition provides thorough examination on the funding of terrorism. Packed with incredible stories, shocking facts and telling detail, Dirty Dealing brings home the global scale of crime. Invaluable appendixes provide a country-by-country guide to specific local issues, types of crime and legislation, and a directory of websites offering further information on money laundering and related issues.
Business & Economics

Open Research Problems in Network Security

Open Research Problems in Network Security

Author: Jan Camenisch

Publisher: Springer Science & Business Media

ISBN: 9783642192272

Category: Business & Economics

Page: 178

View: 644

This book constitutes the refereed post-conference proceedings of the IFIP WG 11.4 International Workshop, iNetSec 2010, held in Sofia, Bulgaria, in March 2010. The 14 revised full papers presented together with an invited talk were carefully reviewed and selected during two rounds of refereeing. The papers are organized in topical sections on scheduling, adversaries, protecting resources, secure processes, and security for clouds.
Business & Economics

Internet Fraud Casebook

Internet Fraud Casebook

Author: Joseph T. Wells

Publisher: John Wiley & Sons

ISBN: 047087550X

Category: Business & Economics

Page: 408

View: 896

Real case studies on Internet fraud written by real fraud examiners Internet Fraud Casebook: The World Wide Web of Deceit is a one-of-a-kind collection of actual cases written by the fraud examiners who investigated them. These stories were hand-selected from hundreds of submissions and together form a comprehensive, enlightening and entertaining picture of the many types of Internet fraud in varied industries throughout the world. Each case outlines how the fraud was engineered, how it was investigated, and how perpetrators were brought to justice Topics included are phishing, on-line auction fraud, security breaches, counterfeiting, and others Other titles by Wells: Fraud Casebook, Principles of Fraud Examination, and Computer Fraud Casebook This book reveals the dangers of Internet fraud and the measures that can be taken to prevent it from happening in the first place.
True Crime

Money Laundering and Terrorism Financing in Global Financial Systems

Money Laundering and Terrorism Financing in Global Financial Systems

Author: Rafay, Abdul

Publisher: IGI Global

ISBN: 9781799887607

Category: True Crime

Page: 374

View: 835

During the last few decades, corrupt financial practices were increasingly being monitored in many countries around the globe. The past few decades have been eventful for these issues. Today, tackling money laundering and terrorism financing are considered key issues in developed and developing countries alike. Eradication of money laundering and terrorism financing through a holistic approach of awareness, prevention, and enforcement is a current need. It has enabled the birth of new regulatory regimes based on strict compliance, robust processes, and technology. One of the many problems with this is the lack of general awareness about all these issues among various stakeholders including researchers and practitioners. Money Laundering and Terrorism Financing in Global Financial Systems deepens the discourse about money laundering, terrorism financing, and risk management in a modern-day environment. It provides a fascinating and invaluable guide for understanding the theory, practice, and cases of these topics. Split into two sections, the first being money laundering and terrorism financing and the second being financial governance and risk management, the chapters create comprehensive knowledge on these acts of crime in the financial industry by defining the crimes themselves, the many challenges and impacts, and potential solutions. This book is ideal for government officials, financial professionals, policymakers, academicians, business professionals, managers, IT specialists, researchers, and students.
Law

Data Mining for Intelligence, Fraud & Criminal Detection

Data Mining for Intelligence, Fraud & Criminal Detection

Author: Christopher Westphal

Publisher: CRC Press

ISBN: 1420067249

Category: Law

Page: 440

View: 332

In 2004, the Government Accountability Office provided a report detailing approximately 200 government-based data-mining projects. While there is comfort in knowing that there are many effective systems, that comfort isn’t worth much unless we can determine that these systems are being effectively and responsibly employed. Written by one of the most respected consultants in the area of data mining and security, Data Mining for Intelligence, Fraud & Criminal Detection: Advanced Analytics & Information Sharing Technologies reviews the tangible results produced by these systems and evaluates their effectiveness. While CSI-type shows may depict information sharing and analysis that are accomplished with the push of a button, this sort of proficiency is more fiction than reality. Going beyond a discussion of the various technologies, the author outlines the issues of information sharing and the effective interpretation of results, which are critical to any integrated homeland security effort. Organized into three main sections, the book fully examines and outlines the future of this field with an insider’s perspective and a visionary’s insight. Section 1 provides a fundamental understanding of the types of data that can be used in current systems. It covers approaches to analyzing data and clearly delineates how to connect the dots among different data elements Section 2 provides real-world examples derived from actual operational systems to show how data is used, manipulated, and interpreted in domains involving human smuggling, money laundering, narcotics trafficking, and corporate fraud Section 3 provides an overview of the many information-sharing systems, organizations, and task forces as well as data interchange formats. It also discusses optimal information-sharing and analytical architectures Currently, there is very little published literature that truly defines real-world systems. Although politics and other factors all play into how much one agency is willing to support the sharing of its resources, many now embrace the wisdom of that path. This book will provide those individuals with an understanding of what approaches are currently available and how they can be most effectively employed.