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While called bonds, these obligations to protect an employer from employee-dishonesty losses are really insurance policies. These insurance policies protect from losses of company monies, securities, and other property from employees who have a manifest intent to i) cause the company to sustain a loss and ii) obtain an improper financial ...
Insurance fraud can be classified as either hard fraud or soft fraud. [14] Hard fraud occurs when someone deliberately plans or invents a loss, such as a collision, auto theft, or fire that is covered by their insurance policy [15] in order to claim payment for damages. Criminal rings are sometimes involved in hard fraud schemes that can steal ...
In order for such a duty to exist, the injury to the claimant must be "reasonably foreseeable", [4] meaning, for example, that the type of employment must be one in which an unfit employee could cause harm of the type which occurred, [3] and the claimant is the type of person to whom such harm would be a "reasonably foreseeable consequence". [5]
Some fringe benefits (for example, accident and health plans, and group-term life insurance coverage (up to US$50,000) (and employer-provided meals and lodging in-kind, [22]) may be excluded from the employee's gross income and, therefore, are not subject to federal income tax in the United States. Some function as tax shelters (for example ...
Dishonesty isn’t just some modern day issue and folks are just downright dimwitted when it comes to picking an item or understanding the terms and conditions of a coupon. #4 Abusive Customers ...
The main threat to international traders is from organized crime, including the theft of goods or business identity, cross-border crime, and road-freight crime. Other risks include infringement of intellectual property or employee fraud. [13] Online trading developed a new platform for criminal activity, such as new ways of laundering money.
For example, if you started a business and only reported a $2,000 income for the year, you can only deduct $2,000 worth of your health insurance premiums. Your medical premium tax deductions are ...
Jeff Skilling -- the former CEO of Enron now serving a roughly 24-year sentence at a minimum-security correctional facility near Denver -- is taking his case to be released to the U.S. Supreme Court.