Electoral fraud

death, or financial lost, corporate crime and violence wins by landslide. The FBI reported that burglary and robbery from street crimes cost the nation an estimate of 3.8 billion a year. In comparison to corporate fraud, it’s a drop in a bucket. The losses from major corporate frauds, such as Enron “swamp the losses from all street robberies and burglaries combined.” (Mokhiber, 2007) Furthermore, leaving victims and their families subjected to their recklessness and for some nowhere to turn.…

“Crazy Eddie Early”). Thus Crazy Eddie was created. At the time Crazy Eddie’s was known for their crazy low prices and in your face advertising. But what Crazy Eddie is really known for now is pulling off a huge scam as well as fraud. Before I start to talk about the scams and fraud throughout the company I think it’s important to talk about the culture. A company’s culture will really give you…

was entered. With the judgement entered and debt being incurred, the CEO and CFO of Bara had left the country and returned to South America. Additionally, the 125 employees had quit and only one low-level lab technician had remained. Evidence of fraud is seen in the emptied bank accounts and pension funds. All major assets aside from some lab equipment, which are most likely not worth much, are left. Additionally,…

Bribery and corruption is an issue that is very happening in most of the countries. What is bribery and corruption? Bribery is a practice of offering something to gain certain advantage, for example: money, assets, gift and so on and so forth, and corruption is when an individual itself abuse its power to gain an undue advantage. Bribery is an unethical behavior and it is also very unfair practice, for example: the employer pay people for their normal job is called wage, and when the employee…

Before the Sarbanes-Oxley Act, in health care frauds, it has been the companies that have paid large settlements and the executives responsible have walked away with their profits. However, with this Act, executives are now personally responsible for any misstatements. The main objective of the Sarbanes-Oxley Act was to “enhance corporate responsibility, enhance financial disclosures, and combat corporate and accounting fraud” (sec.gov/about/laws.shtml). “This Act requires that Chief Executive…

Targeted Attack Ramsonware has been a one of the main cyber threats to business organization. Ransomware are usually targeted organization since the main objective of the attacks is to ask for money from the victims. Organizations created and stored numbers of information or data in their system everyday which are increasing from day to day. Moreover, cybercriminals has already learnt an investigated about their victims before attacks, for sure they will targeted an organization that earns such…

BenQ, a Taiwanese-based company, grabbed the headlines all over the world on June 7, 2005 when it acquired Siemens Mobile, a lose making mobile phone division of Germany’s Siemens and later launched the brand, BenQ-Siemens. Subsequently the acquisition proved to be a strategic mistake, as the two companies could not successfully integrate. In October 2006 BenQ-Siemens filed for bankruptcy in a Munich court, surprising every one. This sparked a debate in Germany over whether BenQ had acquired…

Demonetization As demonetization took place, usage of digital payment methods like e-wallets, e-banking, debit and credit cards have increased and will go on to make a systematic cashless infrastructure; as demonetization came as a shock to Indians. Such a step was taken for taking notice of illegal activities, tax evasion, etc, due to which people were depositing currency notes in bank accounts showing unaccounted income, all of which was subject to higher tax and penalties. 1 Demonetization…

Scrushy, the Chief Executive Officer of HealthSouth, sold $100 million in stock few days before the corporation published a huge loss. HealthSouth was sued by the U.S. Securities and Exchange Commission (SEC) because accounting fraud of the corporation allegedly overstating profits by $1.4 billion. (Aguilera, 2015) In 1996, Scrushy had directed the firm’s accountants and executives which misstated company revenue for the purpose of satisfied shareholders’ expectations and control…

nearly $101 billion in 2000. At the end of 2001, it was revealed that it’s reported financial condition was sustained substantially by institutionalized, systematic, and creatively planned accounting fraud, known as the "Enron scandal". Enron has since become a popular symbol of wilful corporate fraud and corruption. The Enron scandal was a financial scandal involving Enron Corporation and its accounting firm Arthur Andersen that…