Fraud

Skeletal Outline • Jefferson County, Alabama o Two major reasons for Jefferson County’s $4 billion debt (largest before Detroit’s case) is due to sewer project and corrupt financial dealing. o Revenue are raised from residents who uses the service. o JPMorgan Chase was able to influence Jefferson County to a bond deal that had complicated terms and the ability to interest-rate swap. o With no increase in revenue as the market interest rate went up due to the swapping interest rate deal, so…

Mega-star music producer Scott Storch filed for bankruptcy yesterday, officially claiming a meager $3,600 in assets and $100 in cash. In 2010 he was worth $70 million. Storch's fortune came from producing blockbuster hits for artists like Beyonce, Christina Aguilera and Justin Timberlake, but he has allegedly blown it all on cars and cocaine. In 2010, Storch counted a total of 13 cars in the garage of his Miami mansion, including a $600,000 Mercedes SLR and a $1.7 million Bugatti Veyron. He…

As the amount technology available continued to spread at an almost exponential rate, the size of computers, which once took up an entire room, and their price were reduced down to more manageable sizes. As a result, computers become a commonplace piece of equipment found in many workplaces and family living rooms. However, as the year 2000 drew near, people began to fear that drastic changes would occur in their lives because of a simple bug called the Year 2000, or simply, Y2K. People’s fears…

Economic crime continues to be a significant issue for the engineering and construction industry. In the beginning of this year, January 22, 2015, another violation of the FCPA took place. SEC encountered a FCPA case within the Engineering industry. Bribery case was against Walid Hatoum and Post, Buckley, Schuh and Jernigan (PBSJ) Corporation. PBSJ is one of Florida’s largest engineering designs firm; now known as The Atkins North America Holdings Corporation. The investigation was performed by…

There are many different scenarios that can lead to unethical behavior in accounting. For example, if a CEO makes 200,000 grand in one year but falsifies his records to indicate that he only made 100,000 then that is unethical. Many corporations find loopholes to try to squeeze through because they do not want to have to pay taxes or other fees. Embezzlement is also another type of unethical behavior; this is what led Enron to destruction. There are rules in place to prevent these types of…

An online drop-box where whistleblowers could anonymously share classified documents. It takes an unconventional mind to imagine and create an organisation like WikiLeaks. Most certainly, Julian Assange, its founder, is one particular character. The Australian-born has been described as a “criminal endangering both governments and individuals and by others a hero devoted to revealing vital hidden truths.” His paranoïa and predominant interest in conspiracies towards controlled information led…

I had said that the minimum or the max would have been okay, yet I wanted to max them out. I told Ralph that the torture for the e-s will be so severe that I Am fine with the minimum even, however. Ralph did not really understand what all I meant at the time, yet he had to listen to things for a long time. He also discussed such matters and had to weigh several things just like anyone who is a sane judge would have to do if they were in such a circumstance. Heaven had joked at one point and…

Holden Caulfield is a 16 year old boy, who is can be childish at times and skeptical of the world around him, however, this is because of his hard and troubling past that lead him to become who he is now. Holden has a unique way of looking at things, he thinks that practically anyone and anything can be phony, always saying things like ‘I found it phony,’ or ‘they were being phony’ and even, ‘it was all phony as hell’. He seems to use a lot of the same words over and over again, this could be…

sometimes people perform Main Street ideas and actions, but the character is overall white collar focused. In The Big Short by Adam McKay, the antagonist and protagonists are both white collar, but one of the four protagonists has blue collar morals. In this movie, the four protagonists attempt to profit off of the big banks because the banks gave out too many subprime mortgages to people who couldn’t pay it back. Mark Baum (Steve Carell) illustrates his blue collar morals by not agreeing to…

Have you ever been hacked? Not in the “Haha I took a funny picture on your account hacked,” but the scary moment when you realize your passwords have been changed and you can’t access your bank account anymore? If you haven’t, count yourself lucky, because Security Researchers state that almost half of the population of the United States has been hacked, or have had their private information leaked to the web. Many times you don’t even know it’s happened. Companies don’t like sharing information…