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GROUP OF SPRINGHILL SOUTH KOREA - In today's economic climate, who will help you protect your company and your clients from the devastating impact of fraud? Fraud can creep into your business in a number of ways. You may find you need an objective expert to deter potential problems, investigate allegations or provide resolution. A Certified Fraud Examiner (CFE) offers anti-fraud knowledge and skills you need to: * Investigate allegations against one of your employees * Recommend strong anti-fraud internal controls * Conduct interviews related to sensitive issues * Provide assistance with financial dispute resolution * Resolve irregularities discovered during your company's audit * Provide expert testimony on financial and investigative matters A Unique Set of Skills Fraud Examiners have a unique set of skills that are not found in any other discipline; they combine knowledge of complex financial transactions with an understanding of law, criminology, investigation and how to resolve allegations of fraud. CFEs work in a variety of disciplines including accounting, auditing, fraud investigation and security, as well as in different industry segments including government, healthcare, financial services, manufacturing and retail distribution. CFEs are knowledgeable in four areas critical to the fight against fraud: * Fraudulent Financial Transactions * Criminology & Ethics * Legal Elements of Fraud * Fraud Investigation Reduce Fraud Risks and Costs Heightened fraud awareness, combined with new laws and regulations, has increased the already growing demand in the workforce for professionals who are highly skilled at deterring, detecting and investigating fraud. CFEs have the ability to: * Identify and reduce opportunities for fraud * Implement effective anti-fraud controls * Continuously improve anti-fraud measures based on new risks and technologies * Educate employees to deter fraud and report wrongdoing * Resolve allegations

SPRINGHILLCARE'S BLOGSPOT - GROUP OF SPRINGHILL SOUTH KOREA - In today's economic climate, who will help you protect your company and your clients from the devastating impact of fraud? Fraud can creep into your business in a number of ways. You may find you need an objective expert to deter potential problems, investigate allegations or provide resolution. A Certified Fraud Examiner (CFE) offers anti-fraud knowledge and skills you need to: * Investigate allegations against one of your employees * Recommend strong anti-fraud internal controls * Conduct interviews related to sensitive issues * Provide assistance with financial dispute resolution * Resolve irregularities discovered during your company's audit * Provide expert testimony on financial and investigative matters A Unique Set of Skills Fraud Examiners have a unique set of skills that are not found in any other discipline; they combine knowledge of complex financial transactions with an understanding of law, criminology, investigation and how to resolve allegations of fraud. CFEs work in a variety of disciplines including accounting, auditing, fraud investigation and security, as well as in different industry segments including government, healthcare, financial services, manufacturing and retail distribution. CFEs are knowledgeable in four areas critical to the fight against fraud: * Fraudulent Financial Transactions * Criminology & Ethics * Legal Elements of Fraud * Fraud Investigation Reduce Fraud Risks and Costs Heightened fraud awareness, combined with new laws and regulations, has increased the already growing demand in the workforce for professionals who are highly skilled at deterring, detecting and investigating fraud. CFEs have the ability to: * Identify and reduce opportunities for fraud * Implement effective anti-fraud controls * Continuously improve anti-fraud measures based on new risks and technologies * Educate employees to deter fraud and report wrongd

Thailand is seeking help from China and South Korea to support its efforts to crack down on the smuggling of pseudoephedrine-based cold pills. The move came after the Department of Special Investigation (DSI) obtained information that a Thai company had struck a deal to buy 10 billion pseudoephedrine-based cold tablets from a Chinese firm. Previously, the DSI obtained information that the firm also signed a deal to buy 850 million tablets, or 40 tonnes of the medicine, from South Korea. The DSI found that 87 million cold tablets were transported into Thailand from South Korea by plane on nine occasions since 2010. They had false air cargo manifests to avoid attracting attention from the authorities. The DSI suspected the medicines were smuggled in from South Korea. The DSI is investigating two companies suspected of being involved in the smuggling of the pills from overseas. The companies are UTAC Thai Co Ltd, a supplier of integrated circuits, and TVR Group Co Ltd, a car dealer and vehicle hire firm. Some information relating to the drug purchases was uncovered at the companies during recent searches of their premises but the firms denied any involvement. Mr Tarit said yesterday DSI officials also discovered a contract to buy 10 billion pseudoephedrine-based cold tablets from China during the search at UTAC Thai Co Ltd. Under the contract, the first batch of 2 million tablets was to have been shipped to Thailand on July 31, 2009. He said the DSI also found a photo showing a man collecting the pills from Suvarnabhumi airport cargo warehouse. The cold tablets from China and South Korea have the same brand name of COLCOLCO, he said. Mr Tarit said DSI officials also searched the company's factory but there was nothing amiss. However, it was found that the company had three South Korean executives and one Thai executive, Mr Tarit said. He said the Korean Food and Drug Administration recently sent information regarding the nine shipments of

Consulting Group of Springhill Souht Korea - SEOUL - South Korean financial regulators said Thursday they had uncovered the country's biggest insurance fraud, involving more than 1,300 people and three hospitals. The scam was carried out by 1,361 people including 31 insurance workers, the Financial Supervisory Service said. Residents of the southern province of Gyeongsang posed as fake patients or exaggerated their illnesses to claim a total of 9.51 billion won ($10.36 million) from insurance firms, it said, adding 893 women were involved. Last November, police uncovered a similar insurance fraud involving more than 400 people in Taebaek, a mining town in the eastern province of Gangwon.

CONSULTING GROUP OF SPRINGHILL SOUTH KOREA - JACKSON - An ex-office manager has pleaded guilty in what prosecutors say was a multimillion dollar health care fraud in which a cancer clinic gave patients diluted chemotherapy drugs and used old syringes on multiple people. Dr. Meera Sachdeva, Brittany McCoskey and Monica Weeks were indicted last August on charges including conspiracy and witness tampering related to the activities of Rose Cancer Center in Summit. Filings in U.S. District Court in Jackson show that McCoskey pleaded guilty on Thursday to one count of giving false statements related to health care matters. The charge is related to billings to Medicaid and Medicare that claim a physician was present during certain procedures. Sachdeva established the clinic in south Mississippi in 2005. Authorities say workers watered down drugs and billed Medicaid, Medicare and insurance companies for more chemotherapy drugs than patients received. The clinic billed Medicaid and Medicare for about $15.1 million during the alleged scheme. The Mississippi Health Department closed the clinic last year because of "unsafe infection control practices" after 11 patients were hospitalized with the same bacterial infection. The scare led officials to test nearly 300 cancer patients for infections such as HIV. The department has said none of the patients tested had blood-borne viral infections related to the clinic's care. However, a civil lawsuit claims at least one patient died about the time the clinic was shut down from HIV he contracted there. McCoskey's sentencing is set for Aug. 6. Her lawyer, George Lucas, had no comment on Tuesday. The other defendants have pleaded not guilty and await trial. Sachdeva has been held without bond since August because authorities consider her a flight risk. She is a naturalized U.S. citizen from India. Prosecutors said she often traveled overseas and has considerable assets, including bank accounts, in her native cou

Embattled Rupert Murdoch's empire, News Corp. appears to be planning a spin-off of its core businesses. Its own flagship newspaper, The Wall Street Journal, has reported this week that the company's board is considering a proposal that will make its publishing arm into a separate company. Springhill Group Home analysts expect such separation of assets would appease regulators and could help it to avoid selling a USD 6.9 billion stake. Fortunately, the same became true for investors as the announcement was met with the rallying of News Corp's stock to 8.3% high - the highest level it has reached since 2007. "News Corp. has one of the best TV businesses, but some people like musty, dusty publishing companies that pay great dividends. It's a good thing for shareholders." said an analyst from Lazard Capital. The media conglomerate has not yet specified which business units would be grouped together but the company is reportedly mulling to separate the entertainment operations from the book and newspaper publishing one. News Corp's publishing business brought in USD 8.8 billion in profit last year, accounting for about 7% of the company's enterprise value or 24% of the revenues. This division includes a number of prominent newspapers (Times of London, The Wall Street Journal, New York Post, The Australian and the Sun) and HarperCollins book publisher, all of which are valued for around USD 5 billion. Meanwhile, its entertainment business is more profitable with revenues of USD 23.5 billion last year, accounting for around 75% of the firm's profit and almost all of the operating revenue in the first half of the fiscal year. News Corp's television and film business consists of the Fox News channel, Fox broadcasting network and 20th Century Fox film studio. Experts are saying that the move to split the news and media operations from its more profitable film and TV businesses might be

Embattled Rupert Murdoch's empire, News Corp. appears to be planning a spin-off of its core businesses. Its own flagship newspaper, The Wall Street Journal, has reported this week that the company's board is considering a proposal that will make its publishing arm into a separate company. Springhill Group Home analysts expect such separation of assets would appease regulators and could help it to avoid selling a USD 6.9 billion stake. Fortunately, the same became true for investors as the announcement was met with the rallying of News Corp's stock to 8.3% high - the highest level it has reached since 2007. "News Corp. has one of the best TV businesses, but some people like musty, dusty publishing companies that pay great dividends. It's a good thing for shareholders." said an analyst from Lazard Capital. The media conglomerate has not yet specified which business units would be grouped together but the company is reportedly mulling to separate the entertainment operations from the book and newspaper publishing one. News Corp's publishing business brought in USD 8.8 billion in profit last year, accounting for about 7% of the company's enterprise value or 24% of the revenues. This division includes a number of prominent newspapers (Times of London, The Wall Street Journal, New York Post, The Australian and the Sun) and HarperCollins book publisher, all of which are valued for around USD 5 billion. Meanwhile, its entertainment business is more profitable with revenues of USD 23.5 billion last year, accounting for around 75% of the firm's profit and almost all of the operating revenue in the first half of the fiscal year. News Corp's television and film business consists of the Fox News channel, Fox broadcasting network and 20th Century Fox film studio. Experts are saying that the move to split the news and media operations from its more profitable film and TV businesses might be