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Which cards are best for renting a car — Save money by knowing your insurance needs, what your card covers See Best car rental card Video: What are variable interest rates? Find out in this Quick Tip video See Variable interest Retail card survey See Retail Card Survey Chart:
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Accounting fraud[ edit ] In order to hide serious financial problems, some businesses have been known to use fraudulent bookkeeping to overstate sales and income, inflate the worth of the company’s assets, or state a profit when the company is operating at a loss. These tampered records are then used to seek investment in the company’s bond or security issues or to make fraudulent loan applications in a final attempt to obtain more money to delay the inevitable collapse of an unprofitable or mismanaged firm.
Examples of accounting frauds: Enron and WorldCom and Ocala Funding. These companies “cooked the books” in order to appear as though they had profits each quarter, when in fact they were deeply in debt. Demand draft fraud[ edit ] Demand draft DD fraud typically involves one or more corrupt bank employees. Since they are insiders, they know the coding and punching of a demand draft.
Such fraudulent demand drafts are usually drawn payable at a distant city without debiting an account.
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Dec 15 OPM Breach: Earlier this week I got the following message from a reader: Lifting a freeze to enable credit monitoring is like…. Removing a security freeze to enable credit monitoring is foolhardy because the freeze offers more comprehensive protection against ID theft. Many of these third party credit monitoring services also induce people to provide even more information than was leaked in the original breach.
But this is a small price to pay for peace of mind. In a report released last month , the consumer US-PIRG urged all consumers to place a security freeze on their credit files. In a perfect world, breached organizations would offer to pay the costs involved in freezing your credit files, but sadly the standard playbook in corporate breach response is to pay for credit monitoring.
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