Richard had a computer crash and lost most of his personal data including the private keys to his crypto holdings. what steps can Richard take to regain access
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- which of the followingtaxpayers has a deductible loss from identity thief? ashen he hasnt received rent from his tenant for several months because his tenant was a victim of identity theft and had $5000 stolen geraldine she fell victim to a phone scam shegave identitythieves her personal bank account information and$8000 was taken harris he is sole proprietor and was the target of a phishing attempt he does not have a business checking account but the login information for his personal checking account was stolen and thieves took $10000 from the account jessica she owns residential rental property identity thieves impersonated her and took out a $50000 second mortage on her rental property that jessica must now repayAn internet investment club asks Jose, a successful stockbroker, to advise its members. The club allows Jose to set up an account with a brokerage firm and gives Jose control of the account, but does not authorize Jose to withdraw funds for his own benefit. Jose, however, uses the money in the account to repay personal loans. He intends to return the money at some point in the future. Jose is charged with embezzlement. Is Jose guilty of embezzlement? Why or why not?A friend of the family believes that depreciation provides him with a reserve to purchase new assets. His secretary has blown up his computer, but he knows he has the funds to replace it in the accumulated depreciation account. You know he is wrong and have grown tired of listening to him going on about it, but he won’t listen to what you have to say. You decide to put him out of his misery by writing a letter to him about it that he may actually read before he realises that it is telling him things he does not want to hear. Write him a letter, using fictitious names and addresses, which defines depreciation and explains why his view is incorrect.
- Willis signed a blank check and left it in his desk drawer. A thief stole the check, filled it in, and presented it to the bank for payment. The bank paid the check. Can Willis recover the amount of the check from the bank?What did Dennis Kozlowski of Tyco do that was so unethical or illegal in the world of business and accounting that ended him up in prison?Rochelle fraudulently induces Sybil to sign a note. Rochelle sells the note to Terry, who does not know of the fraud and takes the note for value and in good faith, and thus becomes an HDC. Terry sells the note to Ulrich, who sells the note back to Rochelle. Does Rochelle acquire Terry’s HDC rights in the note?
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- Select the correct answer(s) for the following multiple choice questions. Note that there may be more than one correct answer. Which of the following statements is (are) true about computer fraud perpetrators? a. They are typically younger and are motivated by curiosity, the challenge of beating the system, and gaining stature in the hacking community. b. They do not see themselves as criminals and rarely, if ever, seek to turn their actions into money. c. They write and sell malicious software that infect computers with viruses or can be used to steal money or data that can be sold. d. They are a top FBI priority because they organize fraud schemes targeted at specific individuals and businesses.An estate agent must ensure that the computerised accounting system for the estate agency business is not capable of deleting a trust ledger account unless two (2) requirements are met - What are they?Refer to the Focus on Fraud feature “Moss Adams and the Meridian Mortgage Funds Fraud.” a. Why was Moss Adams sued by the trustee for the bankrupt Meridian Mortgage? b. What would the trustee have to prove in order for the courts to hold Moss Adams liable for damages?