Securities fraud

Case citation Daniel Dickens v. Alliance Analytical Laboratories, LLC, 111 P. 3d 889; 2005 Wash.App.433 Factual background and procedural posture AAL is a L.L.C found by Ms. Anne Cote and Mr. Gary Lukehart in 2001. At the beginning, Ms. Anne Cote approached Mr. Gary Lukehart with a business plan to start a chemical company in Yakima, Washington and a disclaimed that she was very wealthy. AAL has two members, Ms. Cote and RSRT, L.L.C, which was found by Mr. Lukehart for the sole purpose as a…

Good Business Practice In both the case of Worldcom and Enron both companies met the knowledge and intention portions of defining fraud. Fraud by definition is: “Wrongful or criminal deception intended to result in financial or personal gain.” Yet, finding a clear definition for what constitutes “good business practice” is seemingly impossible. An overwhelming majority of CFOs prefer…

Lernout & Hauspie (L&H) was the world’s leading provider of speech and language technology products, solutions, and services to businesses worldwide. Both Microsoft and Intel invested millions in L&H. however, accounting scandals and fraud allegations sent the company’s stock crashing, and forced the firm to seek bankruptcy protection in Belgium and in the US. Selected information was gathered concerning L&H operations: • Consolidated revenue increased 184% from 1997 fiscal year to 1998 fiscal…

John Ramsey was the president and chief executive officer of Access Graphics (a company that grossed over $1 Billion) and it is estimated that his net worth was $6.4 million as of May 1, 1996 (pedophileophobia.com, n.d.). This would have made John Ramsey and his family very attractive targets. An attractive target can be defined as “how appealing a potential target is to a criminally inclined person” (Karmen, 2013, p.491). When the community knows how much a family could be worth because of the…

In Shakespeare’s King Lear there are many themes and motifs that are intrinsically related. Specifically, the motif of clothing in the play reflects the theme of identity, for clothes are often used as a key element in disguises, altering the perception of the wearer’s identity, even to those that know them well. Clothing first reflects a change in identity in Act 1, wherein Kent dons different clothes to assume a disguise. After King Lear orders him from the kingdom, it is necessary for him to…

I believe that Bernard Madoff did not work alone. I also believe that he had help in creating and sustaining his Ponzi scheme. I do believe that this represents a conflict of interest. I believe that Bernard Madoff did not work alone. It is hard for me to image one individual working alone to create such the scheme. I believe that Bernard Madoff worked with someone, maybe his wife, to keep the money and paperwork shady. This also adds to my belief that he had help in creating and sustaining…

execution since Julius and Ethel Rosenberg in 1953. The author, Atossa Alavi, describes the correlation between the new war on terrorism in the Regan case and the era of the Cold War in the Rosenberg case. Both cases focused on patriotism, national security and the governments unwavering determination to punish traitors in our midst. The article goes into great detail about the Rosenberg case and depicts a trial that was unconstitutional, based…

What is Injustice? Learners Dictionary defines Injustice as, a situation in which a person or a group of people are ignored. Ronald Cotton is a real-life example of the term injustice, because he spent eleven years of his life incarcerated for a crime he simply did not commit, only to be compensated $5,000 for the mistake the state of North Carolina made. But, how does the Criminal Justice System miss a detail so important that it determines whether a person is guilty or innocent? The fact of…

Dilip Chitre creates a stark impression of the isolation of old age in his poem ‘Father Returning Home’ by showing his fathers’ estrangement from society and his own family. Chitre conveys this isolation by using literary devices such as similes and repetition, and addressing themes such as modernity vs tradition. The poem begins when a father is waiting outside for a train which will take him home. We know this as it says ‘My father travels on the late evening train’. Already by labelling the…

Detecting and Preventing Payroll Fraud Payroll fraud is something that is very dangerous for companies and it is important that business leaders are working to detect and prevent it from occurring. The most common form of payroll fraud is when an employee gains access to funds that they are not entitled to. For salary employees, this could mean adding an additional, fake employee to the payroll and collecting their wages. Hourly employees may commit payroll fraud by altering the hours that they…