White Collar Crime: Two Healthcare Fraud and Two Computer Crime Examples Essay

Pages: 3 (1402 words)  ·  Bibliography Sources: 3  ·  File: .docx  ·  Level: College Senior  ·  Topic: Criminal Justice

White Collar Crimes:

The ideology behind the white-collar crime scene is an introductory remark by Edwin H. Sutherland in the course of his presidential opening speech in 1939 at the American Sociological Society Rendezvous (Barnett, 2002). Drawing reference to his book; the White Collar Crime, further explanation is provided on white-collar crime by defining it further as "an occupational crime committed by an upraised member of the society with a respectable societal status" (p. 9). Presently, there is a hot contest against white-collar crime as the community of experts unveils (Barnett, 2002). Even though the variations are in a multitude, the major orientations are in three categories: a definition of the white collar crime through a classification of the offender; a definition in terms of the offense type; and a definition based on the organizational culture with regard to neither the offence nor the offender (Barnett, 2002).

Some White Collar Crimes:

The FBI's arm that researches monetary unlawful acts extending from underground fraudulent business models to regulated misrepresentation in the country's corporate suites has issued its yearly report itemizing the most pervasive sorts of plans specialists handled in 2006 (FCRP, 2006).

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The yearly arrangement of the Financial Crimes Report to the Public is by the Financial Crimes segment of the FBI's Division of Criminal Investigation (FCRP, 2006). The report, which conveys a 12-month window period finishing September 30, 2006, clarifies the point of interest in the many misrepresentation plans, counts FBI achievements in fighting law violations, and offers tips that the general population can use to ensure a certainty in their state of security. Here are a few highlights regarding the content of the report (FCRP, 2006):

Essay on White Collar Crime: Two Healthcare Fraud and Two Computer Crime Examples Assignment

Corporate Fraud: The Section of Financial Crimes top priority in reference to the FBI was in the course of a pursuit regarding 490 cases towards the termination of FY2006; ending the previous September, with inclusion to investors' individual cost that summed to over $1 billion. 124 convictions and 171 indictments were the results of the investigations with addition to $4.62 million in seizures, $41 million in recoveries, and more than $1 billion in restitutions (FCRP, 2006).

Securities Fraud: A probe of 1655 cases was a pursuit by over 150 agents with inclusion to late day trading, hedge fund fraud and Ponzi and "pump and dump" schemes, when market closure is followed by the illegal trade of mutual funds. A record of 164 convictions and 302 indictments is by the FBI probes in the course of the previous year alone (FCRP, 2006).

Health Care Fraud: The main investigative agency in the pursuit of health care fraud is a primary concern of the FBI (FCRP, 2006). An inclusion to the schemes include the provision of unnecessary medical services, kickbacks, duplicate claims, and upcoding services (FCRP, 2006). A conviction figure of 524 out of an estimated 2,400 investigated cases went through the previous year alone with inclusion to the resultant deaths of two patients due to unnecessary protocols followed by a doctor (FCRP, 2006)

Mortgage Fraud: The investigation of the FBI is in a distinction of two separate areas: fraud for housing and fraud for profit (FCRP, 2006). The fraud's hot spots are regionally analyzed in the stated report with drawn examples to requirements for an exclusive use of an appraiser or the blank documents signing requests (FCRP, 2006).

Insurance Fraud: 54 resultant convictions out of 233 cases were effective after the previous year's investigation (FCRP, 2006). The near future promises more cases and convictions in the wake of uncovering the Hurricane Katrina, whose generated estimate rises to more than $34 billion under the claims of insurance (FCRP, 2006)

Healthcare Fraud:

Medicaid program's major risk is fraud and abuse (CTHF, 2014). Fraud speculates to the intentional personal misrepresentation or deception with reference to the knowledge that the result of the act may produce unauthorized personal benefits. Abuse implies an inconsistency in the provider practices with reference to sound medical, business, and fiscal practices, and a resultant Medicaid program cost, or service reimbursements that fail to meet recognizable professional health care standards, or unnecessary reimbursement to medical services (Definitions, n.d.; CTHF, 2014).

1. Medical Identity Theft

Medical identity theft is an involvement in the wrongful acquisition of health… [END OF PREVIEW] . . . READ MORE

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