Securities fraud

nearly $101 billion in 2000. At the end of 2001, it was revealed that it’s reported financial condition was sustained substantially by institutionalized, systematic, and creatively planned accounting fraud, known as the "Enron scandal". Enron has since become a popular symbol of wilful corporate fraud and corruption. The Enron scandal was a financial scandal involving Enron Corporation and its accounting firm Arthur Andersen that…

By definition the word great means: Of an extent, amount, or intensity considerably above the normal or average. The main character in the book, The Great Gatsby, is Jay Gatsby. It is implied that he is great, but does Jay Gatsby really deserve the title, The Great Gatsby? Possibly so, but it could be argued that perhaps a more accurate title might be The Deceptive Gatsby. Although Gatsby’s life may seem picturesque filled with diamonds, pearls, beautiful women and champagne, there is a rather…

In a time when justice would be serve within two days, there live Iron Fist and Death Stare. These two went to the same school and graduated by the master name Brainer. Brainer is one of the smartest person in the world. Iron Fist and Death Stare had this last mission to complete before they retire. During the mission, they both discovered a 5.2 million abandon dollars, uncounted for. It was tempting for the both of them, but Iron Fist insisted that they bring it in. Death Stare stated that Iron…

The situation discussed is that the company had apparently hidden the defects in their CCTV equipments from another company, Amitech, which happened to be MR Tech's prominent customer. Suyash was approached by Ankita Kukreja and was notified that Amitech was sold defective equipments. Suyash then discussed the findings with his boss and it was decided to let things go since it was in the past. This angered Ankita who then contacted the customer and shared her findings with them, which led to a…

Headquarters Special unit was comprised of three primary denial and deception elements; Visual Imagery Intelligence (IMINT), Radio; Communications Intelligence (COMINT) Sonic, Signals Intelligence (SIGINT) or the beginning of the Measurement and Signatures Intelligence (MASINT). Deception can be employed to mislead an opponent about the deceivers military, primary material, capabilities, deception in this particular context is also a convenient opportunity to demonstrate some of the potential…

With the new technologies available in society today, it was just a matter of time before that technology would be used to commit crimes. Internet and networking are common terms in today’s society; some use it for business, to communicate with family and friends or to even find a date, but for some it is a new way to commit crimes and it has become a field of study in itself. Cyber criminals rely on the internet to commit their crimes and as technology changes it only stands to reason…

dollars was deemed fraud. Profits over seven years were overstated and undetected by independent auditors of Ernst & Young. When the fraud was eventually discovered, minimal was done to the culprits including resignation and probation. Since the discovery of the fraud, Toshiba has started to see the consequences of the fraud be alleviated and trust be regained. This paper serves as an insight into the aspects behind the fraud and how auditors could potentially discovered the fraud. Company…

The financial indecency performed by Bernard Madoff changed the financial world forever. He is not only former non-executive chairman of the NASDAQ stock market, but the man to operate the largest Ponzi scheme in history. Upon further research relating the awful nature of a Ponzi scheme, many people after the ordeal were hurt and affected closest to him, especially his own children and the individuals following him around the world. This is truly the most deceitful monster like act ever done and…

Abstract Westlake Lanes is a bowling alley founded by Dane Sugar, who died in 2008. The company was profitable but has been loss since 2004. In May 2009, the grandson of Dane Sugar, Shelby Givens, acquired the position as the general manager in Westlake Lanes. And 9 months later, the company first recovered to be profitable after 2007. Problem Statement Even though Westlake Lanes became profitable in March 2010, it cannot repay its loan in short future. Therefore, the problem is i. Could…

Third, on September 27, 1982, PSI Cosmetics (defendant), leased a vehicle from Barco Auto (plaintiff). PSI stated that two months later the engine began to smoke and was towed to an authorized dealer. The dealer took over three months to repair a blown motor. The defendants continued making their payments, even though, they had no use of the vehicle. Mr. Golumbia was advised after 300 to 600 miles, he should have the vehicle serviced (retorqued). Before this happened, the vehicles’ motor blew up…