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Larry C. Adams, CPA
Phoenix, Arizona USA
Certified Public Accountant
Certified Fraud Examiner
E-mail
fraudwritr@aol.com
Telephone (602) 995-8008
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July 1999 Topics
Boodle, Boost-and-Chop Scam,
Clip Joint, Despachante, Exaction,
Impotence Profiteers, Kala 'apuka,
Pulling the Wool Over His Eyes,
and Teeing In
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In the U.S., 500,000 cars
are stolen each year
and exported to other countries through boost-and-chop scams.
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Fraud In Other Words: Professional Jargon and Uncensored Street Slang
By Larry C. Adams, CFE, CPA, CIA, CISA
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Boodle
A bribe is a boodle, a slang term since the nineteenth century. A
boodler is a person who gives or receives a bribe, especially to fix
elections.
William and Mary Moran, Dictionary of Word and Phrase
Origins, Harper & Row, New York, 1962, p. 43.
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Boost-and-Chop Scam
Each year 1.5 million popular model cars are boosted (stolen) in the
United States. About 200,000 stolen cars are exported to be resold on the
black market of car-starved locations in Eastern Europe, the former Soviet
Union, and Asia.
Another
300,000 cars are driven to salvage shops where most of the parts are
chopped off (stripped). The parts, which usually do not have vehicle
identification numbers, are sold overseas. The hulks of the stripped cars
are dumped in remote areas and subsequently declared total losses by the
insurance companies. The states destroy the vehicle titles. Later the
scammers cheaply purchase the hulks through auctions, and easily ship them
overseas to be rebuilt and resold.
Nancy Bartley, “Chop Shops Growing Trend,” Seattle
Times, Arizona Republic, February 14, 1999, p. A19.
Photo: http://www.gov.calgary.ab.ca/police/inside/
auto_theft.html
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Clip Joint
A public place of
entertainment that makes a practice of overcharging or cheating customers.
Until modern times, operators of shady pubs and dance halls accepted
nothing except hard money - gold or silver. Coins made of soft metal were
easily shaved or clipped. A shrewd waiter, bartender, or cashier
could accumulate enough clippings to turn them in for a handful of
newly-minted pieces. Countermeasures like adding milled edges to coins,
and increasing the amount of printed currency in circulation, threatened
to put clip joints out of business.
Webb
Garrison, Why You Say It, MJF Books, New York, 1992, p. 141.
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Despachante
A Portuguese term for a personal dispatcher, expediter, buyer, or
runner. No official document is obtained in
Brazil
without waiting in long lines. A despachante knows the city clerks, the
courthouse crowd, the politicians, and the customs agents. He knows the
system and how to grease it to get things done. The job requires a quick
tongue, patience, and a lot of brass. For a small fee, a despachante will
obtain permits and passports or do your voting, banking, and mailing - the
list has no end. No bureaucratic obstacle is too intimidating. A "despachante
de aduana" will assist you with imports, exports, and transportation
involving customs houses. Some of the services of an honest despachante
may seem fraudulent by U. S. standards, but acceptable by Brazilian
standards. The services of an unscrupulous despachante may seem fraudulent
even by Brazilian standards.
John Grisham, The Testament, Doubleday, New York, 1999,
p. 308.
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Exaction
The act of compelling a payment or a reward for services, under the
guise of official authority, when no payment is actually due.
Jay Robert Nash, Dictionary of Crime, Paragon House, New
York, 1992, p. 119.
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Impotence Profiteers
Companies that sell ineffective potions with Viagra-sounding names
like “Väegra” or “Celldenaphil” which is similar to sildenafil citrate,
the generic name of
Viagra.
Frequently the companies are merely mail drops, however they use
scientific-sounding names like the “American Urological Clinic.” Potential
victims include men over 40 who choose out of embarrassment to buy
questionable products by direct mail or through the Internet, instead of
seeking treatment by a reputable physician. The Federal Trade Commission
says one company bilked 150,000 victims out of $19 million.
Peggy
Eastman, “New Players in an Old Flimflam,” AARP Bulletin, January 1999, p.
6.
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Kala ‘apuka
Hawaiian phrase for money gained through fraud or embezzlement.
Mary Kawena Pukui and Samuel H. Elbert, Hawaiian-English
Dictionary, University of Hawaii Press, Honolulu, 1965, p. 27.
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Pulling the Wool Over His Eyes
Tilting a man’s wig over his
eyes,
so he is unable to see what is going on. Often the intent is to deceive or
hoodwink the man. Wool is a popular term for hair, especially very curly
hair. The phrase also alludes to the slippage of a powdered wig worn by a
British judge, who is temporarily blinded by a clever lawyer.
Christine Ammer, Have a Nice Day - No Problem!, Penguin
Books, New York, 1993, p. 290.
Image: Spy, "His Honour Judge Bacon", Vanity Fair, 11/04/1897, http://www.antiquemapsandprints.com/
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Teeing In
Intercepting a telecommunications line to make use of services which
are lawfully provided to other paying subscribers. The wiring connection
is T-shaped. The fraudsters connect wires to existing private or public
telephone lines to make free calls. Also they tap into cable lines to
obtain free television programming. Decoding equipment may be attached to
intercept encrypted television broadcasts.
P. N. Grabowsky and Russell G. Smith, Crime in the
Digital Age, Transaction Publishers, New Brunswick, New Jersey, 1998, p.
67 and 81.
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Larry C.
Adams, CFE, CPA, CIA, CISA,
is a consultant, author and e-mentor in Phoenix, Arizona. He founded the
ACFE’s Arizona Chapter and earned the Distinguished Achievement Award.
His e-mail address is:
fraudwritr@aol.com.
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ã
Copyright 1999 Larry C. Adams.
All rights reserved.
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This article is in the
July 1999 issue of The White Paper: Topical Issues on White-Collar Crime,
the Journal of Association of
Certified Fraud Examiners.
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