Securities fraud

details and management representation letter. Mr. Benson violated Section 17(a) (1)-(3), Section 13 (b) (5) and Section 13 (a) of the Exchange Act and was charged $75,000 as a penalty and was permanently banned being an officer of a public company. (Securities and Exchange Commission v. DGSE Companies Inc. and I. John Benson, 2014) 2. Company Profile Industry Background & Company history: Dallas Gold & Silver Exchange (Nasdaq: DGSE) was founded in Dallas, Texas in 1965. As a wholesaler and…

stated his investors had themselves to blame because they were smart, savvy investors (Saulny, 2015). Sadly, Madoff’s lack of value, ethics, and poor judgement has led to him spending a 150 year sentence in federal prison for the $17 billion investment fraud (Eustachewich, 2015).…

Tyco also is said to have artificially inflated stock and benefitted abundantly (U.S. Securities and Exchange Commission 2002). Another ethical issue includes Tyco’s auditing firm, PricewaterhouseCoopers, who failed to recognise the corrupt accounting, which led to continuous unethical behaviour, as they grew confident nobody could stop them…

a lot of information, including strategic plans, trade secrets, cost information, legal documents, and process improvements. Of course, preserving the confidentiality the organization’s intellectual property is the basic objective of information security. Protecting the privacy of their customers’ information is also equally important. That means a company and its management team is also responsible in protecting confidentiality and in implementing privacy controls. If they fail in these roles…

QUESTION 2 Start the question by defining a Ponzi and a Pyramid scheme; A Ponzi Scheme: "A con artist offers obligations that promise very high returns at seemingly very low risk from a business that does in fact exist or a secret idea that does not work out. The con artist helps himself to the investors' money, and pays a promised high returns to earlier investors from the money handed over by these and later investors. The scheme ends when there is no more money from the new investors"(Frankel…

The Department of Home Affairs Mission 4 Strategic management 4 Weaknesses in the department of Home Affairs 4 eChannel Live Capture System Project 5 Benefit Realization 5 Improved Customer Service 6 Other Potential Savings 6 Electronic Banking 6 Security 6 Conclusion 6 Reference 7 Introduction The Department of Home Affairs (DHA) has introduced a new Smart Identity card (Smart ID) to replace the green bar-coded identity book. The green bar-coded ID books and passport solution does…

2. Assess how you would investigate identity theft. Unit 3. Having personal information on one’s identity stolen for fraudulent purposes, known as identity theft, is one of the fastest growing crimes in the United States. The criminals that conduct this type of crime are also the most difficult to apprehend and incarcerate because they usually never make personal contact with the victims. Everyday activities such as selling an old computer, filling the car up with gas, going out to eat, or…

Typically when looking at literature a writer’s purpose is not so black and white more often than not a piece is crafted using a culmination of subtleties to persuade a reader without the writer having to blatantly state his or her opinion. Such is the case in “The Heist at Harry’s”; a New York Times article by Doreen Carvajal. Over the course of the article Carvajal uses varying forms of rhetoric as she examines the robbery of the Harry Winston jewelry store. A heist that was committed by none…

Have you ever been the victim of a consumer fraud? If so, which fraud? Where you able to recover your losses? Were you the only person affected? If you have never been a victim, were you ever presented with a potential consumer fraud? Which one? How did you avoid becoming a victim? Yes, I have been the victim of consumer fraud (Credit Card fraud). Yes, I was able to recover my losses and was the only person that I know of was affected by it. My…

committed by identity thieves (Swecker2). In 2003 survey has shown that 4.6 percent of the United States population ages eighteen and older were victims of identity theft, 9.91 million of people lost over 52.6 billion dollar from only new account frauds (Swecker2). In another case “survey by the Bureau of Justice Statistic, victims reported losing over 24.7 billion dollar in direct and indirect costs because of identity theft in 2012” (Morton2). According to Swecker, identity theft has emerged…