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10 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Dennis Kozlowski, the convicted former CEO of Tyco, was infamous for his extravagant spending of corporate funds for personal use. Which of the following was not an example of his improper and is illegal use of Tyco corporate funds? |
Payment of $20 million for a trip on the Russian Space Shuttle. |
Purchase of $11 million in art and supplies, purchase of a $6000 floral patterned shower curtain, and receipt of a $19 million no interest loan. |
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RICO stands for |
Racketeer Influenced and Corrupt Organizations Act |
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which of the following can be a "rogue employee" involved in fraud? |
All of the above |
Examples include CEO, accounts payable employee, administrative assistant |
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The evidence of Rocky Aoki's fraud came to light as a result of which of the following? |
Wire transfer of funds |
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Which of the following is the best way to lessen the damaging effects of a "rogue employee"? |
Increase internal controls |
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The government was aided in its investigation and prosecution of WorldCom through which of the following? |
Executives who pled guilty and cooperated with the government, the work of WorldCom's internal audit department that uncovered the fraud, and Bernard Ebber's testimony at the trial denying any knowledge of the fraud. |
All of the above |
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which corporate executives used the "Chutzpah Defense" in his corporate fraud trial? |
Bernard Ebbers |
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In his statement to the court prior to sentencing, convicted CEO John Rigas said that he did nothing wrong and was only trying to improve the conditions of his employees. What is this considered to be? |
Failure to accept personal responsibility for his actions |
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The mail fraud statute was enacted by Congress in what year? |
1872 |
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The internal investigation of Tyco that was commissioned after the discovery of the corporate fraud concluded that the company engaged in: |
1) aggressive accounting 2) abuse of goodwill 3) failure to report all acquisitions |
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