Embezzlement Study guides, Class notes & Summaries

VITA Certification Exam (2023/ 2024) Questions and Verified Answers| 100% Correct| Grade A Q: Failure of a VITA/TCE volunteer to comply with the Volunteer Standards of Conduct could result in which of the following? a. The volunteer's removal from the VITA/TCE Programs. b. Inclusion in the IRS Volunteer Registry to bar future VITA/TCE activity indefinitely. c. Termination of the sponsoring organization partnership with the IRS. d. All of the above may be considered an appropriate action ...

Fraud "Any illegal acts characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the perpetrated by individuals and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business advantage." Main types of fraud Internal Fraud and External Fraud Internal Fraud Activities that may be criminal, committed within an organization, typically by the employee against the employer. External Fraud D...

SUMMARY C841- Task-1 Running head: TECHFITE CASE STUDY LEGAL ANALYSIS C841: Legal Issues in Information Security. TechFite Case Study Legal Analysis Upon suspicion of unethical and illegal activity, board of directors’ chairperson for TechFite John Jackson commissioned independent investigators to conduct a security audit of the IT and business practices of the Applications Division. At the conclusion of the investigation, several pieces of evidence pointing to wrongdoing on the part of ...

A man went to the home of his estranged wife to discuss a problem they were having over their property settlement. An argument broke out and the man slapped his wife and then told her he would come back and "really beat you up" if she reported the incident to the local law enforcement. What crime, if any, was committed? - Answer- Intimidating Witnesses or Victims - Felony At a trial for embezzlement, Bill testified against the defendant, his former business partner. Two days later, wh...

Larceny - ANSWER Take property that does not belong to you a) by trespassory taking, trick, embezzlement, by false pretenses b) by acquiring lost property c) by issuing a bad check d) by false promise e) by extortion Petit larceny - ANSWER Commits larceny valued less than or equal to $1,000 Class A Misdemeanor Culpability: intentionally

Fraud "Any illegal acts characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the perpetrated by individuals and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business advantage." Main types of fraud Internal Fraud and External Fraud Internal Fraud which involves the employees of the company against which the fraud is perpetrated External Fraud deceptive conduct by non-employee...

The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as twisting subrogation a life settlement coercion Twisting Providing incorrect, misleading, incomplete, or materially untrue information in the license application is forgery coercion embezzlement misrepresentation MisrepresentationIn the Michigan Insurance Code, Chapter 45, insurance fraud defines financial loss as all of the following EXCEPT loss...

Money Laundering Test Questions with verified answers All of the following are primary forces behind increased compliance efforts EXCEPT A. Reputational risk B. A company's good reputation improves business C. Regulatory requirements D. Money laundering activities are on the decline - ANSWER-D Which of the following is the largest source of funds that go through the money laundering process? A. Financial crimes B. Embezzlement and extortion C. Drug trafficking D. Organized crime ri...

For repairs after a loss. -For coverage for bodily injury and property damage of others. -For replacement parts. -For inspections and examinations. - ANSWER-For inspections and examinations. #3. The party to a surety or fidelity bond who promises to fulfill the obligation is the a) Principal. b) Custodian. c) Surety. d) Obligee. - ANSWER-Principal #4. An insurer neglects to pay a legitimate claim that is covered under the terms of the policy. Which of the following insurance p...

CFCI Study Guide – Updated with Certified Solutions Fraud "Any illegal acts characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the perpetrated by individuals and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business ad- vantage." Main types of fraud Internal Fraud and External Fraud Internal Fraud Activities that may be criminal, committed within an organizatio...