Teapot Dome scandal

Prudential The time when the protagonist Arthur Ryan was brought in as CEO, Prudential was charged with the largest investor fraud in US history. Prudential had defrauded investors of close to $8 billion and eventually had to shell out $371 million as settlements and fines. The most common solution to overcome the economic condition is layoffs. The critical time in highly competitive market leads Arthur Ryan to downsizing environment (p.1). Management decision in downsizing creates gap between…

There’s no known cure for greed. That said, the fall of Enron was inevitable from its inception, for whichever way the head goes, the body follows and with Ken Lay as the head, one could expect nothing less. Can a rotten tree produce good fruit? My initial response to the movie, “The Smartest Guys in the Room”, was to discuss Lay and Skilling. But a more careful consideration of the matter, I had to admit that they really weren’t the problem, even though they were the deed doers. None of…

For the Ethical Violation Summary I chose to do Kenneth Lay - Enron. Kenneth joined enron gas company in 1985. If you don’t know enron is a gas company, and a service company based in houston, texas. He worked there for a year and was named chairman and chief officer of Enron. Lay worked there of about 16 years so about in 2001. After kenneth worked there after while he got sent to prison for selling large amounts of Enron stock in september and october of 2001. Security new that something…

of the clan, thus leading to their membership going down. Levitt and Dubner then explain how the Ku Klux Klan’s power came through information and when they were exposed they lost all that they had. They then compare the Ku Klux Klan’s information scandal to the internet and how the price of life insurance began to go down because of the creation of websites…

Dallas Gold & Silver Exchange, a jewelry company, created and filed with the Commission materially inaccurate financial statements since 2009. I. John Benson, the Chief Financial Officer of DGSE, was found to manipulate the amounts of inventory for 2009 and 2010 by inflating millions of dollars (Jacobson, 2012). He exploited the inappropriate controls of DGSE and made some fraudulent accounting entries; He concealed them with false inventory details and management representation letter. Mr.…

HealthSouth & Fraud Risk Factors HealthSouth was faced with a number of incentives and pressures that contributed to its fraudulent actions. For instance, the doubling of pretax earnings in 2000 although sales only grew about 3%, management’s commitment to meeting the Wall Street analysts’ expectations, and the significant financial interest and business dealings that the directors had with the company. The financial interest of the directors certainly increased their motivation and drives to…

The reason why people go down in history as one of the greatest or one the worst and are remembered is because they influence everything around them. When a person is influential they impact other people around them and the world, in negative or positive ways. Bill gates is one of these influential people who changed people and the world around him for the better. Gates completely revolutionized technology and business, and today helps people who do not have the same opportunities as far as…

President to resign from office, Richard Nixon was accused of being involved in a conspiracy to cover-up illegal espionage and sabotage of Democratic Presidential candidate George McGovern's campaign in 1972. This conspiracy known as the Watergate scandal created a historical confrontation between the three branches of government, changing the nation’s political and economic structure it was also a turning point in the public's perception of the Presidency of the United States.…

For the amount of crime scenes in the film Capitalism: A Love Story, Michael Moore, filmmaker of the 2009 documentary, stirs up the question of who’s taking and who is giving in our law abiding society. The film consists of witnessing families losing their homes due to bank foreclosures, and being taken advantage of - something nobody wants to go through. Corporations are being corrupted by the government. Governments are being run as corporations and they are being infiltrated by former…

Lindbergh Baby Case The Investigation There were a variety of components of the criminal justice system involved with the kidnapping of the Lindbergh baby. Some of the information obtained for the case was received by New York Police Department, New Jersey Police and Federal Bureau of Investigation. The New Jersey State Police became embroiled in jurisdictional battles with New York City Police and the F.B.I. The kidnapping occurred in New Jersey, the child was reported missing from the…