U.S. Securities and Exchange Commission

Summary of J, C. Penney’s Annual Report Through the creation of a summary of financial reports management such as business executives can have access to information fast. Thus, helping executives identify the most important points showcased in the financial report. A prime example is as simple as a break down on how much business have spent on advertising and marketing during the year. By comparing revenues, profits, expenses, and factoring in the year-over-year changes will help executives…

Tuesday. Aside from scamming Mark Sanchez out of US$7.8 million, Ash Narayan also deceived San Francisco Giants pitcher Jake Peavy and retired Houston Astros pitcher Roy Oswalt in a Ponzi-like scheme. Based on the lawsuit filed by the Securities and Exchange Commission (SEC) last month, the investment adviser told his clients that their money would be invested in low-risk businesses but actually put US$33 million in Illinois-based online sports and entertainment ticketing firm The Ticket…

the theme of 'frozen and deprivation of proceeds of crime "in the Supreme Prosecutor's Office eight days. In the ceremony, Jean-Paul Albert Paris felony court judge had explained the laws of France and the revision process results in criminal money-exchange best practices. France is suspected of laundering…

The self-made teenage millionaire Berry Minkow used to be called Whiz kid by founding his own carpet cleaning company, Z-Best, which was net worth over million dollars. After few years, his net worth was accused by bank fraud, embezzlement, and securities fraud which are typically fraud risk and because of insufficient proof as well as fake evidence caused him in jail more than a decade (Video A). 1. Fraud Risk: First of all, fraud risk defined as two different frauds which are individually…

of $203, 210 as an adjusting entry and had been considered as commission received from United Airlines. Yet in the agreement between United Airlines and Cardillo, that amount of money was refundable through 1990 if some stipulations in the agreement were violated. Vice president Lawrence and Chief Executive Officer (CEO) Walter Rognlien insisted that the entry was correct and the disputable amount that had been recorded as commission earned was not refundable in any circumstances. When Shepherd…

largest penalty ever in a accounting fraud case.The company also agreed to limit the growth of its multibillion-dollar mortgage holdings. Fannie Mae never admitted nor denied wrongdoing. What they did agree to was they will not do future violations of security laws. “Our examination found an environment where the ends justified the means. Senior management manipulated accounting, reaped maximum, undeserved bonuses,…

The Securities Act of 1933 was also referred to as “truth in securities” law. This law had two primary objectives and applied only to the sale of securities. First it required investors have financial and other specified information concerning securities being offered for public sale in interstate and foreign commerce. It also prohibited deceit, misrepresentations, and to prevent fraud in the sale of securities. There were a number of items considered securities such as stocks, bonds, notes,…

Williams willfully failed to report his interest in his two Swiss bank accounts for the tax year 2000. Based upon your request, I reviewed and analyzed the written decisions of both the United District Court for the Eastern District of Virginia and the U.S. Court of Appeals for the Fourth Circuit, compared the logic and reasoning of the two Courts’ decisions, and further determined which Court made the better decision. Analysis The District Court found that the Government (Plaintiff) did not…

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…

Crazy Eddie Eddie Antar, better known as “Crazy Eddie,” is a very prevalent fraudster in the world of accounting. Antar is well known for his schemes regarding Crazy Eddie Electronics, the company he cofounded with his father. Eddie was a family man, a ladies man, and a rich man. Eddie was a millionaire, with roughly 53 million dollars in swiss bank accounts until he was caught by the downfall of his family Antar was born in Brooklyn, NY on December 18, 1947. He grew up in Brooklyn, with his…