Medium of exchange

Moving along with the documentary, they begin to talk about the operation on the 19th floor which as known as the lipstick building. This was very interesting because no one would suspect anything from a lipstick company. That was very genius of Madoff to do. Inside the building there were 20 to 30-year-old working making millions of dollars a year. Madoff “company” was run by Madoff family members like his two sons and brother. Where the actual fraud was taking place was in the 17th floor by…

filed a private lawsuit against me. To conclude this chronicle of calamitous events, I have been made aware that Cardozo & Co. is under investigation by the United States Department of Justice (DOJ), the Internal Revenue Service (IRS), the Securities Exchange Commission (SEC), the Florida Attorney General, and the Florida Department of Revenue. I must now, as a result of my actions, ask myself: Am I, in any manner, liable under common law? Am I, in any manner, liable under statutory law? May I…

I chose the scandals of Bernard Madoff. Bernie Madoff has committed one of the largest financial fraud, Ponzi scheme, in history and 'made a loss of nearly $65 billion. Bernard Madoff is an American fraudster and a former stockbroker, investment advisor, and financier. Bernie Madoff was a well-known and a well-liked man on Wall Street. Madoff had a perfect reputation, not only in the investment market, but socially. He ran an elaborate Ponzi scheme at his investment company, Bernard Madoff…

Lord Moulton claimed ethics is “obedience to the unenforceable” (CS). In other words, ethics are moral principles, rather than written and defined laws, that dictates an individual 's decisions and behavior. In the corporate environment, ethics aids in the ensurance that business will conduct in a trustworthy and respectable manner so clients are treated fairly. However, with the desire and the possible underlying goal to maximizing profits, corporations often are faced with ethical dilemmas,…

of the retailer and not the accountant. In multiple cases, internal controls for these estimations are very limited, as the knowledge to the extent of the discounts and the commercial terms resides mostly with buyer, adding a difficulty to the capacity of other departments to asses the estimations. Furthermore, the compensation of the buyer often involves bonuses attached to commercial income targets, therefore the estimation of the buyer is not objective and can be subjected to personal…

sons, who would late rename the company E.R. Squibb & Sons. Both, began to make moves within industry, creating new products and implementing effective marketing plans. In 1924 Bristol Meyers became a publicly traded company on the New York Stock Exchange. Bristol Meyers began…

Marshall and Wyatt, CPAs is an independent auditor for the publically traded company Interstate Land Development. Interstate has been preparing and filing there own tax returns since Marshall and Wyatt have been auditing their company. While the SEC was processing the registration statement Marshall and Wyatt received a subpoena directing them to turn over all the working papers relating to Interstate for the year 20X2-20x5. They initially refused to turn them over because they did not prepare…

two leave the stock industry forever. Over the course of the late 80’s and early 90’s, Jordan Belfort was able to swindle millions of dollars out of his clients and into his own pockets. This, however, did not last long, as the U.S. Securities and Exchange Commission and FBI was looming over Belfort and his company, waiting to strike and rightfully charge him for his crimes. One of the first…

John Perkins was a former member of the international banking community, very well respected. In his new book The New Confessions of an Economic Hit Man, he describes how he was a highly paid professional, his functions of being an (EHM), he helped the United States cheat poor countries around the globe. He convinced the political and economic leaders to invest in foreign aid by lending them money that could make it difficult for them to repay and allow them to take over their economies. The…

The book Turtles all the way Down by John Green takes you through the life of a high schooler named Aza. Her best friend, and partner in crime, Daisy notices a $100,000 reward for the whereabouts of fugitive billionaire Russell Pickett. They have an unfair advantage, Aza was friends with Russell Pickett’s son Davis. Throughout the story Aza and Davis grow in their relationship. She has to manage school, Daisy, and Davis. She does all of this will trying to function with her anxiety. Her anxiety…