In: Operations Management
CompTac, Inc., which is headquartered in San Francisco, California, is one of the leading software manufacturers in the United States. The company invests millions of dollars to research and develop new software applications and computer games that are sold worldwide. It also has a large service department and takes great pains to offer its customers excellent support services.
Cyber Crime. One of CompTac’s employees in its accounting division, Alan Green, has a gambling problem. To repay a gambling debt of $10,000, Green decides to “borrow” from CompTac to cover the debt. Using his knowledge of Comp-Tac account numbers, Green electronically transfers $10,000 from a CompTac account into his personal checking account. A week later, he is luckier at gambling and uses the same electronic procedures to transfer funds from his personal checking account back to the CompTac account. Has Green committed any crimes? If so, what are they? (Please make a legal argument. Your personal opinion will not be sufficient)
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CompTac, Inc., which is headquartered in San Francisco, California, is one of the leading software manufacturers in the United States. The company invests millions of dollars to research and develop new software applications and computer games that are sold worldwide. It also has a large service department and takes great pains to offer its customers excellent support services.
Cyber Crime. One of CompTac’s employees in its accounting division, Alan Green, has a gambling problem. To repay a gambling debt of $10,000, Green decides to “borrow” from CompTac to cover the debt. Using his knowledge of Comp-Tac account numbers, Green electronically transfers $10,000 from a CompTac account into his personal checking account. A week later, he is luckier at gambling and uses the same electronic procedures to transfer funds from his personal checking account back to the CompTac account. Has Green committed any crimes? If so, what are they? (Please make a legal argument. Your personal opinion will not be sufficient)
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CompTac, Inc., which is headquartered in San Francisco, California, is one of the leading software manufacturers in the United States. The company invests millions of dollars to research and develop new software applications and computer games that are sold worldwide. It also has a large service department and takes great pains to offer its customers excellent support services.
Cyber Crime. One of CompTac’s employees in its accounting division, Alan Green, has a gambling problem. To repay a gambling debt of $10,000, Green decides to “borrow” from CompTac to cover the debt. Using his knowledge of Comp-Tac account numbers, Green electronically transfers $10,000 from a CompTac account into his personal checking account. A week later, he is luckier at gambling and uses the same electronic procedures to transfer funds from his personal checking account back to the CompTac account. Has Green committed any crimes? If so, what are they? (Please make a legal argument. Your personal opinion will not be sufficient)
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Has Green committed any crimes? If so, what are they?
EXPLANATION:
Alan Green has committed a criminal offence, the crime being misappropriation. According to Wex Legal Dictionary, embezzlement is defined as "fraudulent confiscation of personal property by someone entrusted to it. Most frequently related to the misappropriation of capital. Embezzlement will take place regardless of whether the defendant holds the personal property or transfers it to a third party. "Green took the money and moved it to his own account, and played with it.
Even though Green has returned the money, it is not an acceptable protection (although the corporation might decide not to sue Green, that would then be a different case.) That being said, it still depends on how Alan Green committed the theft and what state law determines. There are other crimes that could have been committed by Green, such as a federal computer crime and, depending on the jurisdiction, online gambling is illegal.