Fraud

Introduction - Historic Enron Financial Scandal The merger between Houston Natural Gas and InterNorth produced Enron in 1985 which started off slowly specializing in the natural gas and then grew to start increasing its product range. Kenneth Lay founded Enron and became Enron’s Chairman and CEO. However, Enron management aggressively decided the need to grow faster, increase investor’s confidence, attract more investments and increase their credit rating. In order to achieve their vision, the…

Politicians in today’s world are comparable to celebrities. Politicians are followed anywhere they go and, more often than not, have their secrets revealed. Many times these secrets are corrupt actions. Politicians have been known to extort tax money to fuel their own personal endeavors. Whether these endeavors are for financial gain or for one fun night, it is still unethical. Yet, the majority of the public forgets these corrupt acts after a scripted apology from the politician. Leo McCarey’s…

In the article “Internet Trolls” by Lisa Selin Davis, she talks about people who spread negativity on the internet. According to her article, people leave nasty comments on the internet because they feel like they are alone and can hide behind the computer. Also, they want to get a reaction out of people and gain attention, so they say harsh, hurtful comments. She believes people don’t think before they type. These “trolls” can be categorized into many different groups including: hackers,…

In current business world, the magnitude of the corporate scandal is huge. In the past 15 years, many directors have breached their fiduciary and legal duty that caused many people loses their money. For instance, the amount of money that lost by the shareholders and stakeholders in Enron Scandal, Lehman Brother Scandal, WorldCom Scandal, Tyco Scandal, Satyam Scandal, and Bernie Madoff Scandal are more than $200 billion. The company can sue the company's director if they breach fiduciary and…

Surname 1 Student’s Name Instructor’s Name Course Title Date Case Brief: Revlon Inc. v MacAndrews & Forbes Holdings Inc Facts of the Case Pantry Pride, a nominal subsidiary of MacAndrews & Forbes Holding Limited had raised a civil suit against Revlon Inc. in a lower court following a breach of contract over an acquisition agreement. Ronald Perelman, Pantry Pride’s CEO convened with Michael Bergerac, Revlon’s CEO, in mid 1985 to deliberate on acquisition of Revlon by Pantry Pride. In his…

The much loved sports retailer is now no longer a chain after it filed for bankruptcy on March 2, 2016. The last stores were open until May 18, 2016, until they hand to be shut down, and the company was closed for good. The spaces left by Sports Authority, are now being filled by its successor, Dick’s Sporting Goods, founded by Richard Stack in 1948. We will see if the replacement is as good as the original. Sports Authority was a sports retailer with its headquarters in Englewood, Colorado…

Allied Erecting & Dismantling is a company in the industrial scrapping industry, they make designs, document, and design machinery that is specific the type of scraping that they are doing. John Ramun founded allied Erecting & Dismantling in 1973. John has been fighting Genesis Equip & Mfg for business since the company opened; the two companies have always been major rivals. John’s son Mark worked for Allied for a long period of time, while he was working there, Allied developed a demolishing…

I trust that Madoff occupied with making a Ponzi plan out of gluttony. Madoff He began implementing his hoax about a quarter century ago. An actuality that is much all the more disturbing about the way of this trick is the measure of philanthropies that were involved. It takes an unreasonable sense of greed to trick cash from philanthropies and houses of worship. The hoax itself bewildered numerous of people on Wall Street. Everybody in New York should know how Madoff could have pulled off…

Who are those that form Anonymous? This name entered into people's consciousness for several years now on and has been circulated all over the news lately after international hackers group Anonymous declared war on the Islamic state after the attacks in Paris. The word “Anonymous” is associated with the international group formed of hackers and activists and their name has become synonymous with cyber-attacks and protests. They have no legal organization, no party or NGO, or even meet…

On May 04, 2017 at approximately, 08:00hrs I, Officer J. Ramsey # 703 was contacted via public service by Marshal James Stewart of Stockdale, TX. Marshal Stewart informed me that a theft had occurred in Nixon at the Napa auto parts store (306 N. Nixon Avenue) on 04-29-2017. I immediately conducted an investigation and received a signed written statement from Marshal Stewart containing the suspect’s information. The suspect was identified as Brian Keith Rice (DOB-09-29-1982) of Stockdale, TX.…