Securities Exchange Act of 1934

November 10, of 2016, in the city of Hollisworth, started out as another ordinary day. No Evil Villains Roamed the streets so the cities super hero, The Cantil, had nothing to worry about. Agent 30 and Agent 91 completed their morning routine. They made sure ever vault in the Prison for Super Villains was secure. They started to walk back to the main desk as Agent 30 asked, “You checked Vault 1 through 50, right?” “Yeah, and you checked Gordon’s vault, there was nothing wrong there?” “Mhm. But…

Unfortunately in the corporate world there had been internal fraud committed by employees no matter what type organizations they are-nonprofit or profit-and this situation occurs more than anyone thinks it does. Embezzlement happens most frequently to not for profit organizations that have not taken active steps to prevent it. In addition, once any type of fraud or financial mismanagement is detected, many nonprofits do not handle the information properly or understand their responsibility;…

the final act. Initially performed in 1606, the play was Shakespeare’s attempt at highlighting the physical and…

ImClone's scandal in 2001 through 2002 is a blatant example of insider trading in a company and culture that did not feel the rules applied to them. The company's CEO and cofounder, along with leading members, family and friends. Friends including, the founder of Martha Stewart Living Omni-media, Martha Stewart, who served five months for insider trading. After receiving a tip in December 2001 indicated that for Erbitux, a colon cancer drug made by ImClone, would be rejected by the U.S. Food…

Congress passed the Sarbanes-Oxley Act due to issues related to company executives falsely reporting financial information and practicing poor business ethics. This was passed due to lack of confidence in corporate America, and the demand from people to hold executives accountable for their decisions (Ferrell, Fraedrich, Ferrell, 2015). HealthSouth, one of the largest rehabilitation healthcare providers, was the first company charged under the Sarbanes-Oxley Act. Richard Scrushy and several…

Walter P. Schuetze, the Chief Accountant to SEC and the Chief Accountant of the SEC’s Division of Enforcement, published an article entitled “What are assets and liabilities? Where is true north? (Accounting that my sister would understand) in 2001. Mr. Schuetze addresses what are assets and liabilities? He asserts that “the FASB’s definition of an asset is so complex, so abstract, so open-ended, so all-inclusive and so vague that we cannot use it to solve problems” (p. 12). In my opinion, that…

The Sarbanes-Oxley Act of 2002 also called SOX or Sarbox is a law that aims to deter and prevent future accounting fraud, increase confidence in public company financial reporting and to protect stockholders. Although the regulations of this Act are not perfect and are the cause of many controversies whether this Act had a positive impact in American business or not, it led to changes in the corporate culture in the United States and abroad. Also known as the 'Public Company Accounting Reform…

RELATED CASES: None. STAT DATA: None. BWC ACTIVATED: N/A. SUPPORT DOCUMENTS: Two Collection Notices, Front/back copy of Counterfeit Checks 2019, 2027, 2028, 2045, 2048, and 2049, Judy Diamnd`s Correspondence, Check Notes, PSO Affadavit of Identity Theft, Photocopy of Judy Diamond`s Florida Driver License. On 07/20/2016, I spoke with Judy Diamond in the District II Lobby of the Pasco Sheriff`s Office in reference to fraudualent use of her personal identification. Ms. Diamond advised…

In 2009 in America, Bernard Madoff, one of the most famous business men in the United States and a part-builder of the largest financial pyramid in American history, was convicted. It was one of the most known and big investment scandals in the history of Wall Street. Bernard Madoff, the founder of the Financial Pyramid, which attracted a huge sum around $50 billion, threw the USA in shock. Since the mid-60s of the last century, the name Madoff was synonymous with scrupulous honesty and…

as another reminder of this odd dynamic with the stigmatization of gambling and the protection of Wall Street conmen. Mary Jo White took a hard stance against illegal offshore gambling with the prosecution of Jay Cohen, former CEO of World Sports Exchange (WSEX) in Antigua. As you may remember, a DOJ spokesman publicly stated shortly before her case that they didn’t have the authority to prosecute offshore sportsbooks. Nonetheless, White was firm in her beliefs stating that offshore sportsbooks…