Friday, April 16, 2010

Unauthorised intitutes - Unauthorsied Courses

This is the world of competition. Every one are making themselves fit to survive in the changing world. As a first step people choose to study and acquire knowledge to deliver on their future dreams. Many institutes are there who offer courses to the aspiring students for making a base for them in making their dream come true.

But at the same time many unauthorised institutes are also there who offer fake and bogus course degrees and cheat students. They not only kill the future but even kill the motivation of the students who opt for their courses.

Recently it has been under knowledge that the famous Frakfinn institute of Air hostess is not only illegal but even doling out fake course certificate. One of the students opted for Btec (HNC) in aviation, hotel and travel management which is an Edxcel UK course. Thanks to the father of this student who triggered that the course is a fake when when he look at the degree offered to his son mentions Btec (I). Since this is an authorised course by UK thus 'I' should not be mentioned, which stands for "International'

The aggrieved father and his son even sent a mail to Edexel about the genuineness of the certificate. In response to the mail Edexcel UK confirmed that they do not have such courses. Frankfinn is even not registered in India and they are cheating many students.

Frankfinn is not the only one but there are many institutes even which are authorised but offer courses at locations where they do not have permission or offer courses for which they are not authorised and approved.

Students need to be smarter now, they should not run after degree and before they enrol for any courses they should check the authenticity of the course.

We will get back on this as to how one can save themselves from such fraud in next article

Thursday, April 15, 2010

CBI New Corruption List

Not surprisingly Banks are heading all the way in INDIA for being no 1 in corrupted list published by RBI. The report published by the CBI ranks the most corrupted central institutions in following order:

  • Banking
  • Insurance
  • AICTE
  • Railways

The organisation as per the reports which is more prone to fraud and corruptions are

  • Banking
  • Protector of Emigrants
  • Railway Protection Force
  • CGHS
  • ESI Corporation

The common methods of fraud in banking's are:

  1. Forged or manipulated document
  2. Inflated property and stocks value

Incidence of employee fraud and external fraud has risen sharply in banking domain.

The reason for losses due to employee can be attributed to:

  1. Non Compliance of processes and polices
  2. connivance with mediator

In one of the case of SBI the accused C Raghuram has taken loan on fake financials. It has been to Notice that he has in fact cheated several banks like this. The accused opened fictitious accounts in OBC bank and created multiple mortgages for a flat which in turn has been given as collateral to different banks like SBI, SBBJ, Central Bank of India & Vijaya Bank.

In another case loan wee sanctioned to many customer by an employee of state bank of Hyderabad without conducting due diligence

Thus with regard to banking it seems that:

  1. Data standardisation for de-duplication check is missing
  2. Data sharing within several banks are missing which might prevent the fraud
  3. Cross check or maker and checker concept are being compromised for cost saving
  4. Employee pre-screening is not being done properly or the same is missing

These all organization need to take some major steps to curtail the fraud (internal and External) otherwise the nature of business they are into will keep them hanging on such grades

Sunday, March 21, 2010

Data privacy on social networking sites

I came across a discussion on a linked in group about data privacy on social networking sites.Though all of them have strict privacy rules but postings by users can still be viewed by other users(friends,friends of friends,other group users etc).Please follow the link to view the discussion,very interesting insights

Tuesday, March 16, 2010

Rs 400 crore insurance scam

a 52 year old staff involved in fraud along with suspected involvement of employee cooperative society of railways employees.who you trust?

Fraud maid service agency in NCR

I read this compliant about fraudulent maid service providers in Gurgaon.I saw similar complaints on various websites including those of consumer forms.I think people should run a background check on a service provider too before hiring maid through them.A simple web check can be the first step.

Sunday, March 14, 2010

Are you cheating on your partner

I came across this article & was wondering it would apply to how many of us.Experts say that if nature had its way, no one would be monogamous. “Every human being is polygamous by nature,” says Dr Kamal Khurana, a New Delhi-based marriage and relationship counsellor. “The concept of marriage was constructed to perpetuate the ideas of commitment and belonging.”

Thursday, March 11, 2010

Woman Faked Breast Cancer
Wednesday, March 10, 2010 11:29 AM

A Tennessee woman has plead guilty to charges of theft and forgery after she lied about having breast cancer. And she's not the only one.

Coworkers were concerned about 39 year old Keele Maynor from Chattanooga, TN when she told them that she had been diagnosed with breast cancer. She was a city employee and accepted donations of sick leave time, as well as financial donations from cancer groups. This would have all been fine, if it were true.



Model PhotoMaynor went so far as to say that her cancer was terminal and had spread to her kidneys and lungs and maintained a blog chronicling her health issues. It is estimated that Maynor accepted over $87,000 worth of assistance from coworkers, the city, and cancer groups. She will be sentenced in May, but will not serve more than six years in prison. She is currently out on bond and prosecutors are trying to determine what restitution is owed.

In a similar story, Trista Joy Lathern of central Texas told her coworkers that she had breast cancer, and no health insurance to pay for the extensive chemotherapy treatments. Out of concern for her and her family, the community rallied. Coworkers donated time off to her so that she could seek treatment and there was a benefit held in her honor, during which $10,000 was raised. There was only one thing wrong - she never had breast cancer.

It all started when she lied to her husband, claiming that she had breast cancer, in an effort to reportedly find sympathy and repair her struggling marriage. It would seem that the lie snowballed from there. The 24 year old Lathern even went so far as to shave her head to make it appear as though it had fallen out due to her cancer treatments.

In August, more than 100 people showed up at Waco’s Hog Creek Icehouse Saloon to participate in an all-day benefit organized to raise funds for Lathern's treatment. After collecting an estimated $10,000, Lathern went to a local cosmetic surgeon to inquire about breast augmentation. The physician was alarmed because he'd heard about the fundraiser, and Lathern didn't mention anything about cancer during her consultation. The physician contacted his lawyer who in turn contacted local authorities. In the meantime, Lathern traveled to Austin, TX and had breast augmentation performed there. Trista was arrested on November 4, 2009