Needle-exchange programme

Introduction Financial reporting has changed a great deal over the past fourteen years. Many companies have went out of business for the most significant reason; unethical behavior in the work place. The Sarbanes-Oxley Act of 2002 was created to enforce financial reporting regulations and the punishments for non-cooperation. Before 2002, the regulations for financial reporting were less severe than they are presently. Companies weren't as worried about being under the radar if they decided to…

For employee fraud case study, I chose the Nathan John Mueller’s embezzlement scandal. As an accounting manager of ING Reinsurance Corporation (a major financial service company) in Minnesota, Mueller stole almost 8.5 million dollars from the company from 2003 to 2007 (“Mueller Gets 8 years for $8.5 million ING Fraud”). The way he orchestrated the fraud was surprisingly rather simple. Mueller accidentally found out that ING gave him and another co-worker the authorization to request and approve…

Andreas Gursky was born on January 15, 1955 in Leipzig, Germany. He is a German photographer and a professor at the Kunstakademie Dusseldorf, which is as well in Germany. This photographer is best known for his monumental digitally manipulated photographs which portray various aspects such as consumer culture and busyness of modern life, resulting in dramatic images that mark the line between the representation and the abstract. Gursky began photographing in black and white with a hand-held…

(SSAI) is of major importance and the historical roots involving the roles of the Securities Exchange Commission (SEC) are critical aspects of accounting. The Financial Accounting Standards Board (FASB) and the American Institute of Certified Accountants (AICPA) is a prevalent and has been a useful set of standards for accountants. A presentation of an overview of the role of the U.S. Securities and Exchange Commission (SEC) and the oversight responsibilities as related to the Public Company…

A lawsuit has been filed on behalf of all people who purchased or acquired Pacific Coast Oil Trust (PCOT) securities that became effective on May 2, 2012 and September 19, 2013. It is alleged that PCOT violated federal securities laws in its disclosures. The disclosures issued are believed to misrepresent its business, operations, and prospects. More specifically, it is claimed that the statements are misleading regarding PCOT’s capital expenditures and hedge contracts (Faruqi & Faruqi, LLP).…

Theft, lying, stealing, being a criminal, and destroying lives of people are a few ethical issues that come to the surface in this white collar crime. Bernie Madoff is the epitome of unethical business practices and how the fallout is not worth the crime. Madoff has admitted that he knew he would eventually get caught and in a recent interview from jail has suggested that he could have had a successful career. The ethical issues and what made a human being do this is insurmountable. Madoff…

In what is considered one of the largest fraud cases in history, Bernard L. Madoff stole billions in not only savings, but investments and retirement funds from a wide range of individuals, businesses and not-for-profit foundations. The size and scope of this scam went way beyond anyone’s knowledge of occurrence at the time and ultimately caused a widespread financial crisis for all victims involved. Bernard Lawrence Madoff, American stockbroker and investment manager, graduated from Hofstra…

There are no heroes in the Madoff story, just villains and those who lost millions of dollars in what is known as the “con of the century”. The scary truth to the story is that if Madoff hadn’t faced seven billion dollars in redemptions his Ponzi scheme might not have been discovered. Everyone in New York City wanted to know how he could’ve possibly pulled off such a stunt. Madoff was one of the most active traders in the marketplace and the list of victims grows longer and longer by the day. On…

In the early 1900s, the precursor to the Better Business Bureau (BBB) originated after a deceptive advertising lawsuit was brought up against Coca-Cola. Samuel Dobbs, a Coca-Cola was given the credit for igniting the foundation that targeted various unethical advertising issues. Since then the organization has evolved into what numerous shoppers believe as a consumer watchdog to help certify fair-trading between the consumer and business. However as the years have based, the organizational…

ernard Madoff is the stockbroking companies which ran his multibillion dollar as a grand-scale Ponzi scheme. He is now serving 150 years in prison. Who Is Bernard Madoff? Bernard Madoff was born on April 29, 1938, in Queens, New York. In 1960, he uses $5,000 obtained from lifeguarding and installing sprinkler system discovered his investment company. The Madoff firm offered reliable returns, and the list includes celebrities such as client's son Steven Spielberg. Arrested for running a Ponzi…