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Return Fraud
Return fraud is the act of defrauding a retail store by means of the return process. There are various ways in which this crime is committed. For example, the offender may return stolen merchandise to secure cash, steal receipts or receipt tape to enable a falsified return, or use somebody else's receipt to try to return an item picked up from a store shelf. Return abuse is a form of "friendly fraud" where someone purchases products without intending to keep them. Perhaps the best-known form of this abuse is "wardrobing" or "free renting" – in which the person makes a purchase, use the product(s), and then returns the merchandise. The retail industry experiences a significant fraud and abuse problem, losing money in the range of $24 billion per year, roughly 7% of all returns and exchanges. Return fraud and theft have been reported to lead to price increases for shoppers. Some stores create strict return policies such as "no receipt, no return" or impose return time restriction ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fraud
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. Internal fraud, also known as "insider fraud", is fraud committed or attempted by someone within an organisation such as an employee. A hoax is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a vi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the prov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Returning
In retail, a product return is the process of a customer taking previously purchased merchandise back to the retailer, and in turn receiving a refund in the original form of payment, exchange for another item (identical or different), or a store credit. Overview Many retailers will accept returns provided that the customer has a receipt as a proof of purchase, and that certain other conditions, which depend on the retailer's policies, are met. These may include the merchandise being in a certain condition (usually resellable if not defective), no more than a certain amount of time having passed since the purchase, and sometimes that identification be provided (though usually only if a receipt is not provided). In some cases, only exchanges or store credit are offered, again usually only without a receipt, or after an initial refund period has passed.Associated Press,Retailers cracking down on return fraud: Avoid problems returning unwanted gifts during holiday season" ''MSN ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Friendly Fraud
Chargeback fraud, also known as friendly fraud, occurs when a consumer makes an online shopping purchase with their own credit card, and then requests a chargeback from the issuing bank after receiving the purchased goods or services. Once approved, the chargeback cancels the financial transaction, and the consumer receives a refund of the money they spent. Dependent on the payment method used, the merchant can be accountable when a chargeback occurs. History Friendly fraud has been widespread on the Internet, affecting both the sale of physical products and digital transactions. To combat digital transaction fraud, prepaid cards have been offered as an effective alternative to ensure customer payment. South Korean software developers such as Nexon implemented a prepaid system in 2007 to combat friendly fraud, selling prepaid cards in stores such as Target. MasterCard was sued in 2003 by an Internet vendor for having credit card policies and fees that have made Internet vendo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brick (electronics)
A brick (or bricked device) is a mobile device, game console, router or other consumer electronic device that is no longer functional due to corrupted firmware, a hardware problem, or other damage. The term analogizes the device to a brick's modern technological usefulness. Cause and prevention Bricking a device is most often a result of interrupting an attempt to update the device. Many devices have an update procedure which must not be interrupted before completion; if interrupted by a power failure, user intervention, or any other reason, the existing firmware may be partially overwritten and unusable. The risk of corruption can be minimized by taking all possible precautions against interruption. Installing firmware with errors, or for a different revision of the hardware, or installing firmware incompetently patched such as DVD firmware which only plays DVDs sold in a particular region, can also cause bricking. Devices can also be bricked by malware ( malicious sof ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wardrobing
Return fraud is the act of defrauding a retail store by means of the return process. There are various ways in which this crime is committed. For example, the offender may return stolen merchandise to secure cash, steal receipts or receipt tape to enable a falsified return, or use somebody else's receipt to try to return an item picked up from a store shelf. Return abuse is a form of "friendly fraud" where someone purchases products without intending to keep them. Perhaps the best-known form of this abuse is "wardrobing" or "free renting" – in which the person makes a purchase, use the product(s), and then returns the merchandise. The retail industry experiences a significant fraud and abuse problem, losing money in the range of $24 billion per year, roughly 7% of all returns and exchanges. Return fraud and theft have been reported to lead to price increases for shoppers. Some stores create strict return policies such as "no receipt, no return" or impose return time restriction ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wedding Dress
A wedding dress or bridal gown is the dress worn by the bride during a wedding ceremony. The color, style and ceremonial importance of the gown can depend on the religion and culture of the wedding participants. In Western cultures and Anglo-Saxon cultural spheres, the wedding dress is most commonly white, a fashion made popular by Queen Victoria when she married in 1840. In Eastern cultures, brides often choose red to symbolize auspiciousness. Western culture Weddings performed during and immediately following the Middle Ages were often more than just a union between two people. They could be a union between two families, two businesses or even two countries. Many weddings were more a matter of politics than love, particularly among the nobility and the higher social classes. Brides were therefore expected to dress in a manner that cast their families in the most favorable light and befitted their social status, for they were not representing only themselves during the ce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Christmas Decoration
A Christmas decoration is any of several types of ornamentation used at Christmastide and the greater holiday season. The traditional colors of Christmas are pine green (evergreen), snow white, and heart red. Gold and silver are also very common, as are other metallic colours. Typical images on Christmas decorations include Baby Jesus, Father Christmas, Santa Claus, and the star of Bethlehem. In many countries, such as Sweden, people start to set up their Advent and Christmas decorations on the first day of Advent. Liturgically, this is done in some parishes through a Hanging of the Greens ceremony. In the Western Christian world, the two traditional days when Christmas decorations are removed are Twelfth Night and if they are not taken down on that day, Candlemas, the latter of which ends the Christmas-Epiphany season in some denominations. Taking down Christmas decorations before Twelfth Night, as well as leaving the decorations up beyond Candlemas, is historically ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shoplifting
Shoplifting is the theft of goods from an open retail establishment, typically by concealing a store item on one's person, in pockets, under clothes or in a bag, and leaving the store without paying. With clothing, shoplifters may put on items from the store and leave the store wearing the clothes. The terms ''shoplifting'' and ''shoplifter'' are not usually defined in law. The crime of shoplifting generally falls under the legal classification of larceny. Shoplifting is distinct from burglary (theft by breaking and entering, breaking into a closed store), robbery (stealing by threatening or engaging in violent behavior), or armed robbery (stealing by using a weapon). In the retail industry, the word ''Shrinkage (accounting), shrinkage'' (or ''shrink'') can be used to refer to merchandise lost by shoplifting, but the word also includes loss by other means, such as waste, uninsured damage to products and theft by store employees. Shoplifters range from amateurs acting on impulse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Claude Allen
Claude Alexander Allen Jr. (born October 11, 1960) is an American attorney who was appointed to be Assistant to the President of the United States for Domestic Policy by George W. Bush. Allen grew up in Philadelphia and graduated from the University of North Carolina at Chapel Hill and Duke University School of Law. He began his legal career in 1990 as a clerk for a federal judge, then was an associate with Baker Botts from 1991 to 1995 and the office of the Attorney General of Virginia from 1995 to 1998. From 1998 to 2001 Allen served as Secretary of Health and Human Services for the State of Virginia, and then became Deputy Secretary of the United States Department of Health and Human Services under the George W. Bush administration. Allen was appointed as Assistant to the President in January 2005. Allen then resigned February 9, 2006, stating he wanted to spend more time with his family. On March 10, 2006, news broke that Allen had been repeatedly stealing from retail store ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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