Needle-exchange programme

I believe that the auditors in this case, Ernst & Whinney, should have great blame in not having the sufficient information and knowledge to fall into the pressure of the bribes committed by Minkow and analyze the fraud that was occurring. The upper management in ZZZZ Best made the financial information seem perfectly fine, therefore the auditors were unable to identify any miscalculations that would then lead to fraud. Minkow and his company for years kept on staling the fact that his insurance…

Jack Abramoff was the top lobbyist in D.C. from 1994 to 2001 and was involved in arguably one of the largest scandals in American history. This scandal involved many other people and some main players were Michael Scanlon, Adam Kidan, Ralph Reed, Tom Delay, and Bob Ney. All of these people either received bribes, gave out bribes, or were involved in some other type of illegal activity. Abramoff’s scandal was based mainly around his lobbying work with the Mississippi Band of Choctaw Indians and…

revenue he would need. Ponzi scheme is named after Charles Ponzi whose crime was discovered in July of 1920 by the Boston Post. Madoff started in the investment business legally by buying and selling stocks that were not listed on the New York Stock Exchange. He started by himself in 1960 and was a “wholesaler” between institutional investors. In his early days, he works with investment firms such as A.D. Edwards, Charles Schwab amongst others and his profit was the difference between the…

INTRODUCTION Bernard Madoff was a former chairman of NASDAQ stock exchange. He started his investment advisory firm on his own. He has be guilty for the defrauding of the investors of amount $50 billion which he was running the biggest Ponzi scheme for around two decades. In 2008 December when there were economic disturbances and meltdown in the United States Madoff couldn't carry his functions and satisfy his Investors requests of cash. He decided to come clean and accept the fraud he has…

of the Securities Exchange Act of 1934 (Title 15, United States Code, Section 781) and is required to file periodic financial reports under Section 13(a) of the Securities Exchange Act of 1934 (Title 15, United States Code, Sections 78m(a) and 78o(d)). In preparing its income statement, HealthSouth deducted the contractual adjustment from its gross revenues to get net revenues, which were reported in the periodic financial reports and filed with the U.S. Securities and Exchange Commission. Since…

The Miserable Life of Michael de Cervantes Seecadra This article is written in commemoration of dear Cervantes Seecadra’s 80th anniversary. Cervantes was a great American novelist, poet, and playwright. During his lifetime, he had composed over twenty volumes of literature including his most celebrated work Tang Tchaikovsky. In his works, Cervantes profoundly exposed the dangers faced by the 21st century, and expressed his infinite commiseration with the poor and the petty. His books have…

Wall Street is an American-Drama film, directed and co-written by Oliver Stone in 1987. Charlie Sheen, Michael Douglas, and Daryl Hannah star in this film about a young stockbroker, Bud Fox (Sheen) who becomes involved with a wealthy, unscrupulous corporate raider, Gordon Gekko (Douglas). Bud must decide whether to sacrifice everything he has worked for in the name of family, love, and loyalty. As a whole, I found the film enjoyable with a plot that had a lesson about relationships and greed…

Security Exchange Commission multiple times in order to incite an open investigation against Madoff’s firm. Each time he confronted the Security Exchange Commission, news outlets, or people on Wall Street, they would deny his claims and refuse to look into the issues. After Madoff’s arrest in 2008 at the hands of his sons, Markopolos published a book titled No One Would Listen: A True Financial Thriller to reveal the obvious red flags in the ponzi scheme and the failures of the Security Exchange…

For my person to be researching, I am covering Bernard Ebbers. Ebbers committed fraud, and he tried to merge his company with Sprint. This action was brought to the attention of the Department of Justice. Who immediately dashed this possibility. Ebbers company had an investigation with the SEC. Which led to the bankruptcy and to his eviction. Bernard owed $400 million in margin calls. And he convinced the board to lend him that money, so that he wouldn’t have to give up important blocks of the…

I file this complaint against United Bank 129 Main Street, Beckley, West Virginia. United Bank facilitated a lengthy fraud-for-profit scheme. Former United Bank Vice President Michael Farris, United Title employees, United Bank’s escrow attorney James Sheatsley, United Bank Vice President Larry Conway, and other United Bank employees took part in the criminal enterprise. In addition, Zaferatos Appraisal, United Bank’s exclusive appraiser, performed inflated appraisals in all properties used in…