Memorandum to the File Date: From: Re: The Scott Rothstein Ponzi Scheme Introduction Scott Rothstein was a prominent Fort Lauderdale attorney. From 2004 until 2009 Rothstein ran South Florida’s largest Ponzi scheme (Franceschina‚ 2010). His Ponzi scheme collected 1.2 billion dollars during the time it was in operation‚ and like all Ponzi schemes he relied on payments by new investors to pay the previous investors. When his scheme began to fall apart‚ Rothstein fled to Morocco. He
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Austin Holley Mr. Dilley 9/16/15 J.P. Morgan If I asked the class who J.P. Morgan was‚ the room would go silent? However‚ if I were to ask them if they knew what the company Chase or Chase Bank did‚ they would be able to tell me and say they’ve heard of it. J.P. Morgan Chase is the parent company of Chase Bank. J.P. Morgan inspired one of the biggest banks and created one of the largest insurance holding firms in the country and it has been that way for about 120 years. John Pierpont Morgan was
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The Tweed Ring began when William Tweed started his ascent to impact in the late 1840s as a volunteer firefighter in New York City. From this ominous starting‚ Tweed figured out how to fabricate a force base in his ward. He served as a magistrate in 1852-53 and after that was chosen for a term in the U.S. Place of Representatives‚ 1853-55. State and neighborhood undertakings were his prime concern and he stayed dynamic in Tammany Hall‚ the hierarchical power of the Democratic Party in New York. Tweed
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WorldCom‚ WorldCom‚ WorldCom… This name has been thrown around the accounting school since my freshman year. It is as if it haunts our school as a warning to all future accounting students. However‚ as I read this case I did not have anything in mind other than trying to solve this situation from a judge’s standpoint. I thought I had an idea of where I stood on this situation until I tried to put myself in Mr. Myers’s shoes. After combining both of my stances‚ I have finally come to the conclusion
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The definition of anti-Semitism in the Merriam-Webster dictionary is “hatred of Jewish people” . In the article “Anti-Semites”‚ Bernard Lewis discusses anti-Semitism and how Jewish hatred was originally defined by religious terms‚ but eventually evolved a racial issue. Anti-Semitism became a force during the medieval period in Europe and has continued for centuries. When someone thinks about Jewish hatred‚ I believe that the Holocaust would be the first thing on their mind. The Holocaust was the
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The Two Marriages Jessie Bernard ################ ############# The Two Marriages by Jessie Bernard Introduction : The book were Jessie Bernard talks about was published in 1972. The Passage was taken from that. In here the author talks about the relation of man and woman in a marriage. She talks about how mans natural instinct to control woman still exist in the modern time and it always will. By reading the passage we get that different people have different view no matter how close
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I agree with the position Bernard Crick took in his article “The savage satire of ‘1984’ still speaks to us today”. Although the world made it through the year 1984 successfully without any Big Brother trouble‚ no one knows if something so controlling could actually be realistic one day. No one knows what can happen in the future. The scary thing is‚ ‘the future’ can be anywhere from tomorrow‚ to five hundred years from now allowing that hint of fear to stay present. It seems that everything in
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There were several situations that lead the executives and managers of WorldCom to "cook the books." Acquisition of other companies drove WorldCom to spend beyond their means; managers were told to spend whatever was necessary to increase revenue‚ even if it meant that long-term costs would outweigh the short-term gains. This fiscally unhealthy mentality led to a very bad decision to enter into long-term fixed rate leases for network capacity with extensive punitive termination provisions. Once the
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Title Stand-up comedy industry Thesis 1: From an industrial organization point of view‚ the stand-up comedy market structure in the 1980s can be characterized as an oligopoly “The structure of a market‚ thus how a market is functioning‚ “ is the concept behind the industrial organization theory”. The Industrial Organization (IO) theory is about‚ how a structure of a market has an influence on the strategy and decision making of a company.” 1 The theory therefore focusses on the market wherein
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Valentine ‘Valentine’ is a controversial love poem written by Carol Ann Duffy. Throughout the poem the poetess compares love to an onion and she does that by using a variety of techniques such as imagery‚ symbolism‚ word choice and structure. All these techniques justify why Valentine is an unusual love-poem as they help the poet express her different point of view. Overall‚ the poem is unusual as its title mistakenly leads the reader into thinking that the poem will be typical. I felt deeply moved
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