U.S. Securities and Exchange Commission

Introduction The five Oscar nominated movie , "The Wolf of Wall Street," gives another Hollywood story of drug addict, sex-crazed noblemen on Wall Street. When the film the wolf of Wall Street hit cinemas recently, it was a box office heat. The Hollywood juggernaut was based on the real life story of Jordan Belford who spent twenty two months in prison for money laundering and fraud after ripping off investors to almost one hundred million dollars. In the film "The wolf of Wall Street”, we…

For years, Madoff was an admired figure on Wall Street and a seemingly very savvy investor and successful business man, but the ostensibly large returns he was generating and the growing balances shown on clients’ account statements were all illusions. Bernard Madoff was actually running a Ponzi scheme, using money from some of his investors to make payouts to others. During the stock market meltdown of 2008 and client desires to retract their investments, Madoff exposed his now failed scheme…

White-collar crime, according to Merriam-Webster, refers to, “a crime that typically involves stealing money from a company and that is done by the people who have important positions in the company”. In modern society, white-collar crime may not be as obvious as violent crime, but its consequences leave major impacts on the world, particularly financially. Beginning in 2002, Wells Fargo began transforming into one of the largest criminal enterprises in history. Over the past 15 years, this…

Charles Ponzi was a person who was notorious for his Ponzi scheme in the 1920s, and several others have committed fraudulent acts since then. Fraudulent acts are obtaining something through deception. A lot of fraudulent acts are committed by business students, possibly containing a lack of morals, and science students are also often accused of containing a lack of morals. This paper aims to analyze the connection between low morals, business students, and science students claimed by an…

regulated NYMEX (New York Mercantile Exchange), which is a commodity exchange and ICE (Inter-continental exchange) which is a unregulated OTC (Over-the-counter) market. They had huge trading positions in Natural gas futures, options and swaps, but primarily they were into contract futures trading…

I believe that the auditors in this case, Ernst & Whinney, should have great blame in not having the sufficient information and knowledge to fall into the pressure of the bribes committed by Minkow and analyze the fraud that was occurring. The upper management in ZZZZ Best made the financial information seem perfectly fine, therefore the auditors were unable to identify any miscalculations that would then lead to fraud. Minkow and his company for years kept on staling the fact that his insurance…

Jack Abramoff was the top lobbyist in D.C. from 1994 to 2001 and was involved in arguably one of the largest scandals in American history. This scandal involved many other people and some main players were Michael Scanlon, Adam Kidan, Ralph Reed, Tom Delay, and Bob Ney. All of these people either received bribes, gave out bribes, or were involved in some other type of illegal activity. Abramoff’s scandal was based mainly around his lobbying work with the Mississippi Band of Choctaw Indians and…

INTRODUCTION Bernard Madoff was a former chairman of NASDAQ stock exchange. He started his investment advisory firm on his own. He has be guilty for the defrauding of the investors of amount $50 billion which he was running the biggest Ponzi scheme for around two decades. In 2008 December when there were economic disturbances and meltdown in the United States Madoff couldn't carry his functions and satisfy his Investors requests of cash. He decided to come clean and accept the fraud he has…

The Miserable Life of Michael de Cervantes Seecadra This article is written in commemoration of dear Cervantes Seecadra’s 80th anniversary. Cervantes was a great American novelist, poet, and playwright. During his lifetime, he had composed over twenty volumes of literature including his most celebrated work Tang Tchaikovsky. In his works, Cervantes profoundly exposed the dangers faced by the 21st century, and expressed his infinite commiseration with the poor and the petty. His books have…

Wall Street is an American-Drama film, directed and co-written by Oliver Stone in 1987. Charlie Sheen, Michael Douglas, and Daryl Hannah star in this film about a young stockbroker, Bud Fox (Sheen) who becomes involved with a wealthy, unscrupulous corporate raider, Gordon Gekko (Douglas). Bud must decide whether to sacrifice everything he has worked for in the name of family, love, and loyalty. As a whole, I found the film enjoyable with a plot that had a lesson about relationships and greed…