Copyright Financial Times Information Limited Jul 9‚ 2002 Ron Beaumont‚ chief operating officer of WorldCom‚ is one of several senior executives who should have been aware of discrepancies in the telecommunications company’s books before the near-$4bn fraud was revealed last month‚ according to people close to the company. The fraud that was allegedly engineered by Scott Sullivan‚ the chief financial officer who was fired the day the scandal was announced‚ led to a massive overstatement of WorldCom’s
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In her 1964 book Virtue of Selfishness‚ Ayn Rand mentioned that her ideal form of capitalism is one which is “a full‚ pure‚ uncontrolled‚ unregulated laissez-faire capitalism—with a separation of state and economics.” Indeed‚ this Objectivism viewpoint has been used by many conservative policy makers‚ such as Malcolm Fraiser ‚ the former Prime Minister of Australia‚ and esteemed economists such as Alan Greenspan and Martin Anderson to craft policies that reduces the intervention of the government
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VERTIGO Alfred Hitchcock’s Vertigo is a thrilling film filled with mystery and suspense. However‚ Hitchcock left many unsolved issues at the end of this film. In contrast‚ when comparing Vertigo to more recent films of similar genre’‚ mysteries are usually always solved and thoroughly explained by the end of the film. Ironically‚ Hitchcock’s failure to explain everything to the audience in Vertigo is one of the film’s best attributes. This lack of knowledge allows the viewer to use their own
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Bernie Madoff By Michael Dickson 1/24/2009 In our countries history there have been many people that have done a lot of unethical things when it comes to finances. Back in 1920 a man named Charles Ponzi began advertising that he could make a 50% return for investors in only 45 days. Many people believed in this and began to mortgageoff their homes and all of their lives savings. As all of the information became public that he had a criminal history people began to question his judgment
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I. Executive Summary There is plenty of blame to go around the “Madoff Scandal”; there are multiple theories how Bernie Madoff was able to pull such a cunning scheme for so long‚ but the question is‚ amidst all the finger pointing who is really to be held responsible for it? Upon reading the article‚ I cannot help but feel the same uneasiness in the situation Madoff is facing with the dilemma the Philippines is struggling with right now – the Napoles scam. He was caught up in a huge tangle of problems
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White collar crimes are a full range of fraud crimes and is mostly used for financial gain (Find Law 2017). The most common types of white collar crimes that is common is fraud‚ embezzlement‚ tax evasion‚ and laundering (Find Law 2017). Political crime is crimes that injure the state‚ state government‚ and the political system (The Lectric Library 2017). Some of example of political crimes are treason‚ and terrorism (The Lectric Library 2017). Organized crime is crimes in distinct categories that
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1. What is the ethical issue involved in the Madoff case? The Madoff case if filled with numerous ethical issues. The case is considered to be the largest scam in our nation’s history. The Madoff case is a great example of how someone who did not care about his profession‚ as well as the all the personal relationships he had cultivated over the years. Bernie Madoff was involved in a scheme called a Ponzi scheme. Madoff would take money from new investors to pay off the current investor’s
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The golden age in studio film making with movies such as Orson Welles “Citizen Kane “. When the golden age emerged in 1941 World War ll started and when it ended 4 years later it was hard for Hollywood to bounce back to what it was. The making of “Citizen Kane “redefined the look of modern cinema and changed forever the way in which American audience and film historians talk about the movies. In “Citizen Kane “Orson Welles used evocative depth of field (deep focus). Welles’s used this visual style
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Believe it or not‚ Alfred Hitchcock’s work was inspired by his rough childhood and cruel parents (Biography.com Editors‚ 2016). Although his struggles in early life gave him fear‚ it elevated his level of expertise in the film industry. Alfred Hitchcock created suspenseful works by demonstrating creating and imagining to innovate his perspective on his childhood‚ furthermore illuminating the film industry. The Master of Suspense‚ or in other words‚ Alfred Hitchcock‚ created movies that would later
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Terrorism “Most Muslims are not fundamentalists‚ and more fundamentalists are not terrorists‚ but more present day terrorists are Muslims and proudly identify themselves as such.” writes Bernard Lewis in ‘The Crisis of Islam’. But Dr. Martin Luther King logically said‚ “Injustice anywhere is a threat to justice everywhere.” Terrorism has no absolute and globally accepted definition and its interpretation can easily be used or abused to suite particular needs. The adage that “one man’s terrorist
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