The Supreme Court of Mississippi applied the language of the UDIPA that says that tax commissions may require a taxpayer to use an alternate method of allocation and apportionment as long as it is reasonable. Also, the court ruled that the taxpayer, not the tax commission, has to satisfy the burden of proof in a trial court and that based on the decision of the trial court, Equifax did not. After evaluating Equifax’s factual claims that the trial judge did not find that the change in apportionment method to violate the Mississippi Administrative Procedures Act and that the penalties imposed were not arbitrary and capricious, the court analyzed whether the trial judge had committed a manifest-error. The court determined that the judge did not…
Fannie Mae is the common name of the Federal National Mortgage Association, also abbreviated as FNMA. It is one of two of America’s largest mortgage companies, along with Freddie Mac (Federal Home Loan Mortgage Corporation – FHLMC).1 Fannie Mae guarantees and purchases loans from mortgage lenders to help ensure families can buy new homes or refinance.2 Fannie Mae was founded in 1938 as part of Franklin Delano Roosevelt’s New Deal during the Great Depression. As borrowers began to default on mortgages during the country’s major downturn the government, led by Franklin D. Roosevelt and Congress, created Fannie Mae in order to buy the mortgages from lenders so as to free up the bank’s…
1. Fannie Mae was established in 1938 as a federal charter under President Franklin Roosevelt as a secondary market to expand the flow of mortgage money under any economic condition because millions of Americans could not become homeowners before Fannie Mae. In 1968 Fannie Mae was rechartered by congress as a shareholder owned company, funded solely with private capital raised from investors. The charter is directed to increase the availability and affordability for homeownership for low, moderate, and middle-income families. Fannie Mae purchases home mortgages from banks, guaranteeing them, and then resells them to investors, which helps the banks to eliminate the credit and interest rate risk. (Fannie Mae Case) Fannie…
I have a huge issue with the sentencing of Brock Turner, a former student of Stanford University. Turner was charged and convicted of three counts of felony sexual assault. He sexually assaulted a 22 year-old-woman who was unconscious and intoxicated behind a dumpster on the college campus. At the end, the judge sentenced turner to six months in a county jail and three years of probation. He also must register as a sex offender, and participate in a sex-offender treatment program. Turner is scheduled to be released tomorrow from a county jail – three months early for good behavior.…
In January of 2007 the parent company of TJMaxx and Marshalls known as TJX reported an IT security breach. The intrusion involved the portion of its network that handles credit card, debit card, check, and merchandise return functions. Facts slowly began to emerge that roughly 94 million customers’ credit card numbers were stolen from TJMaxx and Marshalls throughout 2006. It was believed that hackers sat in the parking lots and infiltrated TJX using their wireless network.…
THE NOTORIOUS FORMER CEO OF TYCO IS SERVING UP TO 25 YEARS FOR HIS SINS. BUT IN THE AGE OF WALL STREET CHICANERY, IT MAY BE TIME TO RETHINK WHO'S REALLY A CRIMINAL. A CONTRARIAN'S TAKE.…
Is a mandatory, life-without-parole sentence just in such circumstances? Remember that “just” may or may not be the same as “constitutional.” Summarize both the pros an...…
In 2008, the CEO, Frank Blake was implicated for failing to report employee abuse. The allegation indicated tends from forgery, falsifying documents, harassment, and retaliations. Blake was aware of, and in numerous instances, participated in the alleged abuse, cover-ups and retaliatory actions, which involve the stockholders to demand the termination of Blake. His violation of ethics breaches were numerous, deliberate, and so egregious that a person would deem nothing less than immediate termination of all those involve (Blatchford, 2008). A little over a year, Home Depot was sending known sex offenders to be homes to provide a service. They were mishandling…
Bernie Ebbers should have gone to jail. I disagree with the 25 year length of his sentence but he is at least partially to blame for the WorldCom fiasco. I think the government used the length of the sentence to prove a point and the only prior sentence comparable to this was John J. Rigas from Adelphia Communications earlier in the year . I think the CFO Scott Sullivan got a light sentence and consciously knew what he was doing and could have put a stop to it. He should have been the good advisor telling Ebbers not to proceed with this fraud. Ebbers probably could not have figured out how to produce this type of fraud without financial experts doing the dirty work. Even if Ebbers was the one telling his accountants to cook the books, his accountants and the auditors should have put a stop to it. There were too many people that knew what was going on. Somebody should have said this is not right and I could not live with myself if I did this.…
Alongside Experian and TransUnion, Equifax stands as one of three most important consumer credit reporting agencies in the U.S. The company's importance is underscored by the large number of outside people and companies that rely on its information. Creditors, landlords and employers will use the information provided to make decisions about doing business with certain individuals.…
The amount listed is the enrollment agreement was 10,020.00 which gives a difference of :…
On May 14, 2013 Attorney General Eric Holder and Department of Health and Human Services (HHS) Secretary Kathleen Sibelius announced “nationwide takedown” by Medicare Fraud Strike Force operations, in eight cities that resulted in charges against 89 individuals, which included doctors, nurses and other licensed medical professionals, for their alleged participation in Medicare fraud schemes involving approximately $223 million in false billings. In Chicago, seven individuals were charged, including two doctors, with a variety of health care fraud schemes. This (sixth) nationwide takedown targeted eight cities: Miami, Houston, Los Angles, Detroit, Tampa, Brooklyn N.Y, and Chicago.…
Emily, I also believe that providers can establish a reasonable expectation as to how Medicare will act. Medicare bundles billings for a reason, and there is a set fee schedule for a reason, so for providers to assume that individual billing of procedures or testing is acceptable to me seems unreasonable and bundling helps to assure that Medicare is not being taken advantage of by providers. As our textbook states, the “Total national health expenditures are expected to continue to rise and to reach about $4.5 trillion per year by 2020….Because the government is such a large purchaser of healthcare services, it is an obvious target for fraud” ((Pratt, 2016, p. 523). It is evident why Medicare reacts in the manner that it did in this court case…
“Today, however, most Americans realize that innocent defendants are occasionally convicted, and that America 's criminal justice system has other deep-seated problems with administering equitable punishments.”…
The American system of justice should punish criminals correctly and when in serious need, the reform system should take over and punish them severely. The system of criminal justice in America is used to deal with crimes it cannot prevent and criminal it cannot deter is not a consistent system. It was not designed or built in one piece at one time. Its philosophic core is that a person may be punished by the government if, and only if, it has been proved by an honest and intentional process that he or she has violated a specific law. Around that core layer upon layer of institutions and procedures, some carefully constructed and some improvised, some inspired by principle and some by resource, have accumulated. Parts of the system magistrates'…