Rampart scandal

Defined as “a predictable surprise as an event or set of events that take an individual or group by surprise, despite prior awareness of all the information necessary to anticipate the events and their consequences...” by the authors Max Bazerman and Michael Watkins, the book Predictable Surprises sheds light on the question that surrounds many events in our live; the question of “could we have prevented this from happening?” In three parts, the book goes over how we can go through the motions…

It was such a reliable source for world news that presidents and leaders all around the world depended on it for their news updates in national and worldly affairs. In her time of being head of The Post, the papers publication during the Watergate scandal eventually led to the resignation of President Richard…

$11-billion-dollar fraud, making it one of the largest in all time. Spearheading the scandal were six employees, Bernard Ebbers the CEO, Scott Sullivan the CFO, David Myers the accounting controller, Buddy Yates the Accounting Director, and Betty Vinson and Troy Norman the accountants. The scandal went to federal trial, and after six days of jury deliberation, all six of the employees that were part of the scandal were found guilty. Bernard Ebbers was found guilty of Securities fraud,…

The first recorded use of the term “Black Friday” was applied not to holiday shopping but to financial crisis: specifically, the crash of the U.S. gold market on September 24, 1869. Two notoriously ruthless Wall Street financiers, Jay Gould and Jim Fisk, worked together to buy up as much as they could of the nation’s gold, hoping to drive the price sky-high and sell it for astonishing profits. On that Friday in September, the conspiracy finally unraveled, sending the stock market into free-fall…

I found some existing case literature I thought you might find an interesting compliment for your forum's summary. EEO offenses aren't in my bailiwick so I was curious about international enforcement of the violation. There was a federal case prosecuted out of the Eastern District of Virginia: US v. Kolon Industries, Inc. Kolon is a South Korean company which competes with Dupont in the manufacture of synthetic fiber which Dupont has successfully marketed as Kevlar. Over a period of many…

Austin Sweeting Mrs. Jones Sociology 8:00 21 March 2016 Bernie Madoff's $50 Billion Ponzi Scheme: White Collar Crime After overlooking several different types of crimes I decided to look into the damaging effects of what white collar crimes can cause. Thereafter I then decided to choose one of the most infamous white collar crimes “Bernie Madoff’. The man who almost got away with billions of dollars of innocent investors. We will dive into the shocking story of Bernie Madoff the man who…

It must be very significant for a company the size of Enron to lose $50 billion in market capital over a period of ten months. It is also significant that a company of this stature can get away from their auditors and shareholders without anyone noticing that there is something seriously wrong. How is it possible that bankers, stock analysts, auditors and Enrons own board failed to comprehend the risks involved in this trading giant's methods. To blame Skelling; the president and COO of Enron…

Dean Burch was an assistant to President Nixon (The Harvard Crimson, 2016). There was an editorial published by the Chicago times which called for the removal of Nixon as a result of the Watergate scandal (The Harvard Crimson, 2016). It was unfortunate because the Chicago tribune was a highly respected newspaper (The Harvard Crimson, 2016). The tribune reflected on remarks that Nixon made in the transcripts that he was not the man that they perceived…

lot of supporters were looking at was the amount of success both visually and monetarily. "It just became craziness. Good craziness, but craziness," said Barbara Newhouse, president and chief executive of the ALS Association speaking on the flood of financing. Revenues from 2013s fiscal year for the ALS Association's national office and its 38 affiliated chapters around the country were $64 million, far less than the 2014 summer haul pending the ice bucket challenge. Such a large influx of cash…

through the misuse of special purpose entities (SPEs). Arthur Andersen, was old and well-respected; no one believed it would be party to corporate fraud, making Enron seem squeaky-clean. Retrieved on 23 October 2017 from http://www.mademan.com/mm/enron-scandal-summary.html (Links to an external site.). This scheme was working until Enron decided to falsely create energy demand through blackouts and power plant shutdowns. This misguided plan, to boost profits ultimately lead to the unmasking of…