Medium of exchange

Madoff Securities Madoff securities, is a company created by Bernard l. Madoff Investment Securities LLC was founded in the year 1960 by Bernard Lawrence Madoff, who happened to be also be senior executive of the company. Bernard Lawrence started the company using accumulated funds of $ 5,000 from his business that involved the installation of sprinkler systems for wealthy New Yorkers. In his five years as executive, the company accumulated a fortune estimated at more than one billion dollars.…

Adalius Thomas former NFL linebacker signed a contract with the New England Patriots for five years for thirty-five million dollars. Thomas at the time was the highest paid free agent for the New England Patriots. Thomas went to go buy a car and during the transaction his credit was below what it should be, not allowing him to buy the car. Gary Stern was his attorney at the time to deal with his taxes. Stern was involved in creating a fraudulent tax scheme which left Thomas to pay back the IRS…

Have you ever faced a challenge that might have took years to complete? Well, for authorities in the articles " Isabella Stewart Gardner Heist: 25 years of theories", and " National Treasures: Recovering Artwork owned by U.S. Government," they faced some pretty tough challenges. The authorities in these article face a challenge to find the missing and stolen art work from many years ago. It took them years to find the missing and stolen artwork that belonged to either a art museum or the…

met a new friend who is quite successful, and the reason for the success is trading in penny stock exchange. Now, you have started raising questions on what the hell is penny stock. Here is the answer – it refers to all those stocks that are traded at less than $5 per share. May be you’ve been involved in it, only that you were not aware. Penny stocks are hard to find in the typical stock exchange markets such as NYSE, NASDAQ, and AMEX. Due to this reason, parties interested in trading in penny…

Akamai Technologies Incorporation, Polycom and People Support. His idea of doing business was just to receive the price information about a stock and then buy it right before it is up in the market for sale and then sell it to the price of his choice. This idea not only made him a wealthy rich person in the wall street but also a celebrity who featured in numerous business magazines and reality shows and once he was start being a role model in wall street to look up to since he rose the ranks…

The act of submitting fraudulent claims is nothing new; many third-party payers are often the victim of these crimes. As a working individual that pays taxes through payroll deductions, like many Americans that have a contribution towards the Medicare program. I have a right to know where funds go and how they are disbursed. The reason I chose this particular regulation because there was a similar case of an Optometrist submitted fraudulent claims to Medicare. Dr. Sponseller was sentenced to…

Social Attitude of the Investment Industry after Bernie Madoff Bernie Madoff could be described as an ethical egotist, one who is heavily involved in an organization that does nothing but take advantage of others for personal gain (Bethel, 2015). As for his co-offenders, their personal values were more from an economic value orientation because they deemed his behavior as ethical and acceptable based upon their own financial gain (Bethel, 2015). Even today, Madoff continues to try to justify…

grossly overstated interests in “island properties,” including more than $2 billion added to the books in 2008 from an allegedly artificial real estate deal”(Pending Criminal Division Cases). Finally, on June 2009 the United States Securities and Exchange…

Payroll Scheme A. What measures could have been taken to prevent the fraud committed by Katie Jordan or detect it earlier? o Aramis Properties clearly fell victim to a ghost employee payroll scheme perpetrated by Katie Jordan. (Wells, 2014) The company could have prevented or detected the crime earlier if they added a few measures that strengthen their internal controls. Like most companies that fall victim to fraud, the mangers placed too much trust, in an employee, Jordan’s boss…

Doe Deere is the founder and CEO of Lime Crime cosmetics. The fact is that the makeup company and Deere have heavily influenced the makeup industry. Deere is famous for creating a really strong unicorn vibe around her makeup line. This trend has ascended to new heights in the makeup world. Now, more makeup lines are using the unicorn colors made famous by Lime Crime in their own line of cosmetics. Today, Lime Crime is everywhere. It's in magazines, newspapers, retail stores, and online. In fact,…