Securities Exchange Act of 1934

The Wolf of Wall Street is a film based off a true story. Mostly, it is based off of the life story of Jordan Belfort, a stockbroker in New York City. It shows from the very beginning of his rise to wealth and fame, all the way to his criminal antics and corruption. Jordan’s firm, Stratton Oakmont, was found to be committing fraud on Wall Street that ultimately led to him being placed in prison on fraud charges. In the beginning of the film, Jordan Belfort is receiving a job as a new Wall…

an advantage over competitors who do not know or use it.” Trade secrets are typically protected by nondisclosure agreements. For example, Virginia is one of several states that have adopted the Uniform Trade Secrets Act; however, New York has not yet adopted the Uniform Trade Secrets Act The damages for theft of intellectual property in New York and Virginia are similar regarding the plaintiff for economic harm causing violation of a trade secret; however, when the law in New York pertains to…

value. However, a woman named Helane Morrison investigated and exposed the security law violations that cheated investors and endangered the world's economies. According to the Project Eve article, “How Helane Morrison is Shattering the Glass Ceiling in the Corporate World”, her oversight and enforcement actions targeted the fraudulent security sales, market manipulation and insider trading so effectively that the US Securities and Trade Commission named her Head of Commission and Regional…

Italy gets back stolen gold cart of Etruscan prince from Denmark A whole host of looted Etruscan treasures, including a Princes' golden carriage will begin arriving back in Italy later this year after spending the last forty years on display at a Danish museum. The priceless artefacts were stolen from the necropolis of in Eretum, the remains of an ancient, pre-Roman city in Lazio and sold to Copenhagen's Ny Carlsberg Glyptotek for 1.2 million Swiss Francs in the 1970s. Since 2008 Italian…

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…

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…

early 1960’s, Madoff founded and served as the sole member of Madoff Securities, along with its’ affiliate, Bernard L. Madoff Investment Securities (BLMIS). Located in New York City, BLMIS was engaged in the business market conducting exclusive trading and investment advisory services. This particular business is involved in buying and selling inexpensive stocks, by which are later traded for blue-chip stocks. MSIL (Madoff Security Investments of London) was incorporated in the United Kingdom…

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…