The Commission

enterprise planned within the walls of Nicholas Cosmo’s prison cell. In the end, Agape World Inc. defrauded investors, middle class Americans, nearly $400 million dollars. Shockingly, Nicholas Cosmos paid $55 million of the nearly $400 million in commissions to his dubious cadre of brokers. Clearly, these are excessive fees being paid to a questionable cast of characters: four ex-convicts, a heroin dealer and a mailman.…

providers, was the first company charged under the Sarbanes-Oxley Act. Richard Scrushy and several other executives were indicted for overstating earnings by over 2.7 billion dollars, and the company was investigated by the Securities Exchange Commission for insider trading. This case has been used to discuss and teach business ethics (Wang, Lin, Ju,…

The integration of the GAAS, the AICPA, the PCAOB and the IAS Background Information The Generally Accepted Auditing Standards refers to standards that are used to audit Private Corporations (Sunder, 2010 P. 100). The standards are divided into three categories. The categories include; fieldwork standards, reporting standards as well as general standards. The general standards address the individual’s qualifications to become an auditor as well as the minimum standards for the work product.…

With the information that is provided in this case the element of white collar crime that Bernie Madoff showed was bankruptcy fraud, and a form of blackmail. Baste of the information in chapter 6 the reason why white collar criminals are able to carry out their schemes for so long are, because most of them are mostly highly educated people that work within a powerful business or organization. One of the ways Madoff was able to keep his scheme going for so long because, he hired inexperienced…

Amaranth Introduction Amaranth Advisors LLC was a hedge-fund established in the year 2000. It was headquartered at Greenwich, Connecticut in the US. It started off as a multi-strategy hedge fund. But, as time went by, it found itself being a natural gas trader as majority of its position was in this commodity only. Nick Maounis was the founder of this hedge-fund. In September 2006, Amaranth made losses of USD 6.6 billion. They were trading in both the regulated NYMEX (New York Mercantile…

PRINCIPLE: • Managing a Diverse Workforce have been proven to be a daunting task, which comes with it fair share of scrutiny and large amount of censure from a political, ethical, and religious stance. The United States is more diverse than it’s ever been, reflecting the entry of women into the workforce, immigration from other countries, the aging of the population, and shifting pattern of work and retirement (Lawrence & Weber, 2014). • Managing a Diverse Workforce a manager is required to…

Women in the work force have been fighting for equal pay for over 100 years. In 1869, a bill proposed equal pay for women in the federal work force. It was passed through the House of Representatives by nearly 100 votes, but was watered down in the Senate to only include new employees. However, the bill wasn 't enforced and women working federal jobs were still paid less than men. New York state passed the Grady bill in 1891 stating that all teachers must receive equal pay. During World War 1…

Title VII of the Civil Rights Act of 1964 was designed to protect people from employment discrimination based on their race, color, nationality, sex or religion. The Act gave birth to the EEOC, the acronym stands for Equal Employment Opportunity Commission. The EEOC is a bipartisan, five-member group that seeks to end employment discrimination. According to (Clouatre, 2014) the EEOC encourages diversity in the workplace by executing anti-discriminatory laws. Title VII of the Civil Rights Act…

For example, if prior to this crisis, the characteristics thought of were reliable, well known, guaranteed, after the crisis, the characteristics would most likely include harmful or a synonym as such. Furthermore, the fact that this series of incidents occurred, increased awareness of the possibility of such risks, therefore making one think twice before purchasing an electronic product in general. The series of incidents relating to the Note 7 left people reluctant of purchasing Samsung…

Per the Securities and Exchange Commission, (SEC v. Shkreli M., Greebel E., MSMB Capital and MSMB Healthcare, 2015) Shkreli violated the following sections and rules of the Securities Act of 1933, Securities Exchange Act of 1934 and Investment Advisers Act of 1940. 1) “Sections 17 (a) (1) and 17(a) (2) of the Securities Act 2) Section 10 (b) of the Exchange Act and Rule 10b-5 3) Section 10(b) of the Exchange Act and Rule 10b-21 4) Sections 206(1) and 206(2) of the Advisers Act 5) Sections…