To honor; to hold in high esteem, praise, glorify, or honor. This is how you can describe Exalt
Who is Exalt Consulting?
A professional consulting company based in Bangalore, Karnataka. Exalt Consulting provides executive and mass search and recruitment consulting services to global clients. Exalt Consulting is one of the leading recruitment consultants in Bangalore. Exalt Consultants is highly ethical, professional and result oriented organization in the business of providing human sources to meet the ever growing demands of the various industry segments.
What do you know about consulting fraud?
In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent.
The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain.
A hoax also involves deception, but without the intention of gain, or of damaging or depriving the victim; the intention is often humorous.
The typical organization loses 5 percent of its annual revenue to fraud, with a median loss of $160,000. Frauds committed by owners and executives were more than nine times as costly as employee fraud. The industries most commonly affected are banking, manufacturing, and government.
Types of fraudulent acts
Fraud can be committed through many media, including mail, wire, phone, and the Internet (computer crime and Internet fraud). The international dimensions of the web and ease with which users can hide their location, the difficulty of checking identity and legitimacy online, and the simplicity with which crackers can divert browsers to dishonest sites and steal credit card details have all contributed to the very rapid growth of Internet fraud.
Types of criminal fraud include:
bait and switch
bankruptcy fraud
benefit fraud, committing fraud to get government benefits
counterfeiting of currency, documents or valuable goods
charlatanism
confidence tricks such as the 419 fraud and Spanish Prisoner
creation of false companies or "long firms"
embezzlement, taking money which one has been entrusted with on behalf of another party
false advertising
false billing
false insurance claims
forgery of documents or signatures,
fraud upon the court
health fraud, for example selling of products known not to be effective, such as quack medicines,
identity theft
investment frauds, such as Ponzi schemes and Pyramid schemes
Moving scam
religious fraud
marriage fraud to obtain immigration rights without entitlement
rigged gambling games such as the shell game
securities frauds such as pump and dump
tax fraud, not reporting revenue or illegally avoiding taxes. In some countries, tax fraud is also prosecuted under false billing or tax forgery.
Elements of fraud
Common law fraud has nine elements
a representation of an existing fact;
its materiality;
its falsity;
the speaker's knowledge of its falsity;
the speaker's intent that it shall be acted upon by the plaintiff;
plaintiff's ignorance of its falsity;
plaintiff's reliance on the truth of the representation;
plaintiff's right to rely upon it; and
consequent damages suffered by plaintiff.
Most jurisdictions in the United States require that each element be pled with particularity and be proved with clear, cogent, and convincing evidence (very probable evidence) to establish a claim of fraud. The measure of damages in fraud cases is to be computed by the "benefit of bargain" rule, which is the difference between the value of the property had it been as represented, and its actual value. Special damages may be allowed if shown proximately caused by defendant's fraud and the damage amounts are proved with specificity.
Sorry we just moved far away from the topic, we need to talk about the consulting fraud!
As we know what is consulting and how it should be done, if someone is not doing exactly that can be counted as consulting fraud.
For more information on Exalt consulting fraud you can visit http://www.exaltconsulting.com
