U.S. Securities and Exchange Commission

showed that Bernard L. Madoff Investment Securities LLC was involved unethical behaviours. Whistleblower Harry Markopolos attempted to prove that Madoff Securities was involved in fraud from the late 1990s to Madoff’s arrest in 2008. Markopolos approached well-known economists, market analysts and the Security Exchange Commission multiple times in order to incite an open investigation against Madoff’s firm. Each time he confronted the Security Exchange Commission, news outlets, or people on Wall…

For my person to be researching, I am covering Bernard Ebbers. Ebbers committed fraud, and he tried to merge his company with Sprint. This action was brought to the attention of the Department of Justice. Who immediately dashed this possibility. Ebbers company had an investigation with the SEC. Which led to the bankruptcy and to his eviction. Bernard owed $400 million in margin calls. And he convinced the board to lend him that money, so that he wouldn’t have to give up important blocks of the…

I file this complaint against United Bank 129 Main Street, Beckley, West Virginia. United Bank facilitated a lengthy fraud-for-profit scheme. Former United Bank Vice President Michael Farris, United Title employees, United Bank’s escrow attorney James Sheatsley, United Bank Vice President Larry Conway, and other United Bank employees took part in the criminal enterprise. In addition, Zaferatos Appraisal, United Bank’s exclusive appraiser, performed inflated appraisals in all properties used in…

I trust that Madoff occupied with making a Ponzi plan out of gluttony. Madoff He began implementing his hoax about a quarter century ago. An actuality that is much all the more disturbing about the way of this trick is the measure of philanthropies that were involved. It takes an unreasonable sense of greed to trick cash from philanthropies and houses of worship. The hoax itself bewildered numerous of people on Wall Street. Everybody in New York should know how Madoff could have pulled off…

However, Steffensmeier et al. (2013:469) state that women are risk averse and do not play major roles in white-collar crime. Two prolific women have defied qualities of normative femininity and have played major roles in the orchestration of a corporate crime challenging Steffensmeier’s argument. By taking risks and demonstrating assertiveness while holding a dominant position in their businesses, Michelle Tobin and Monica Iles were able to carry out corporate offences in their unmonitored and…

(Blakemore 1). At first United States Secret service was under the Treasury Department with the mission to prevent fraud against the government. However on March 2003 The United States Secret Service transferred from the U.S Department Treasury to the Department of Homeland Security, which became the United State’s first counterintelligence agency (Reese 2). The United States…

Trinity Industries is a successful and properly operating company who never had to restate their earning from previous years. However, Don Collum VP of Trinity Industries, had described the company in 2003 as a candidate for material weakness as defined by Sarbanes-Oxley Act (SOX). The company was deficient in internal control process in the area of documentation and evidence that controls had been performed which could lead to material weakness. Sarbanes-Oxley (SOX) was created in 2002 because…

Bernie Madoff was a well-respected, intelligent, and charitable individual. Having served on a government regulatory board and as Chairman of the NASDAQ from 1990-93, further entrusted individuals to Madoff (Ferrell, Fraedrich, & Ferrell, 2013). Holding increased titles within the community, Bernie Madoff was respected not only for his business savy, but for his philanthropy. The investment firm operated in an “invitation only” approach that added to the air of a high-class, elitist firm,…

social security numbers for PRE exemptions and the Treasurer receiving bank account information from collecting taxes. Janis circumvented this firewall by making unauthorized copies of PRE forms containing taxpayer’s social security numbers. This gave Janis both taxpayer bank account and social security numbers. The combination of bank account and social security numbers gives Janis Tipton unlimited and unauthorized access to taxpayers bank accounts: Bank Account Number + Social Security…

of 2007 and was interested in learning more. In 2013, the company settled a lawsuit with the Department of Justice concerning their misrepresentation of residential mortgage-backed securities, specifically that employees knowingly securitized loans that did not comply with underwriting guidelines, and those securities were then sold to unknowing investors. The settlement amounted to $13 billion, the largest settlement with a single entity in US history. This year JPMorgan Chase and Co. settled…