Honest services fraud

In J.D Salinger's novel, The Catcher in the Rye, Holden Caulfield is the main character and he could be classified as being depressed. For several reasons being, Caulfield shows signs of being depressed. He is doing poorly in school, he abuses the use of cigarettes, and doesn’t ever feel like anyone can ever live up to his expectations. “As many as 8.3 percent of teens suffer depression for at least a year at a time, compared to about 5.3 percent of the general population.” (“Teen”). In the…

creditor committed a fraud by preventing someone from bidding or by chilling the bidding, challenging…

Carter V. Tokai Financial Services, Inc. In the case, it follows Randy P. Carter and Tokai Financial services, Inc. where Tokai sued Carter for money that was not given under a lease agreement that the two had entered. It as stated that ARC made 4 of the rental payments before they defaulted on the obligation they had with Tokai. Following the ceasing of payment, Tokai the repossessed the equipment and sold it for $5,900. After the sale, Tokai brought a suit against in which they were awarded…

Throughout my accounting studies so far, whistleblowers have been praised for their heroic actions that lead to the collapse of a giant corporation. However, the heroic actions and collapse are the seldom times that whistleblower protection laws work. In C. Fred Alford’s book: Whistleblowers: Broken Lives and Organizational Power, Mr. Alford explores the corporation and systems irrational behavior that makes whistleblowers lose faith in humanity and the justice system. Throughout the book, Mr.…

Introduction In the year 1986, an Italian businessman who goes by the name of Silvio Berlusconi bought an 87 year old club called AC Milan, which was then languishing in the bottom tier of the Italian Serie A. The now ex- prime minister of Italy took the club to great heights by pumping money into the club and straight away bought the biggest names in football in the late 1980’s. As soon as he took over, Milan’s most successful period began as they went on to win an unprecedented number of…

Prize and the Booty - Case Study On the 25 February, 1603 Jacob van Heemskerck and his crew attacked the Santa Catarina, a merchant ship from Portugal which carried a very highly priced cargo of trade goods. The total price was more than three million guilders. This created discussion about the legitimacy of the attack on the Portuguese merchant ship. In order to justify Jacob van Heemskercks actions, Grotius’ literary works have to be taken into consideration as he addressed different laws…

Introduction The key tenant of choosing a specific firm for analysis, is one having the history of outsourcing their Information Technology (IT), to a third party, only to regret the decision, and return, or back source, the IT service. An excellent example being the current largest bank in the United States; JP Morgan Chase. In 2004 JP Morgan Chase cancelled the remainder of a seven year, $5 billion IT contract with IBM. When the outsourcing deal was done in 2001, it was heralded as the…

Prudential The time when the protagonist Arthur Ryan was brought in as CEO, Prudential was charged with the largest investor fraud in US history. Prudential had defrauded investors of close to $8 billion and eventually had to shell out $371 million as settlements and fines. The most common solution to overcome the economic condition is layoffs. The critical time in highly competitive market leads Arthur Ryan to downsizing environment (p.1). Management decision in downsizing creates gap between…

No one goes into trading for the losses. We go to hit the jackpot and come out with a bunch of money. Yet many of us still experience losses that make us question whether or not we should keep trying. It's those kinds of losses that will either make or break you, and one man took a 32% loss to his account and turned it into something that he benefited from. And you can do too. He took his trading losses and found a key that helped him win 9 times out of 10. This sounds like every traders dream,…

Donna Hogan, store manager of a shoe store, pleaded guilty to charges of stealing $71,128 cash from the business. This amount was accumulated from over 697 transactions over a period of 2.5 years. Hogan managed to use false refunds and receipts from shoes that were still in the store. She would then take the funds from the till where she spent it mostly on clothes. According to her psychiatrist, this was motivated by “depression and emotional disconnection”, however, the prosecutor argued it was…