Today we have what I think is one of the most important aspects of business‚ and in fact of life itself: ethics. Scott: I couldn’t agree more. And nowhere is this more evident than in corporate America. We see ethics at play all the time‚ with Bernie Madoff and his Ponzi scheme‚ the Enron scandal‚ Exxon‚ BP‚ and many‚ many more examples. Ethical behavior can make or break a company. Diane: Sure‚ I remember people passing up Exxon stations after the Valdez accident several years ago; same with the
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UNIVERSITAS INDONESIA CASE STUDY 6 DEVELOPMENT OF METHODOLOGY FOR COMPUTER ASSISTED INFORMATION SYSTEMS AUDITING By: Mario Žgela‚ M Sc SISTEM INFORMASI DAN PENGENDALIAN INTERNAL Chitarani Kartikadewi - 1406524682 Desi Susanti - 1406524695 Karina Ayu Ditriani - 1406524713 FAKULTAS EKONOMI PROGRAM MAKSI-PPAK OKTOBER 2014 CHAPTER I SUMMARY Analysis of Some Cases Resulting in Significant Losses or Bankruptcies During 1990’s and 2000’s‚ there are several companies that severe bankruptcies or
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Types of White Collar Crime Types of White Collar Crime White Collar Crime in our country has been highly publicized over the past decade or so. A few of the well-known events are WorldCom (2002)‚ Enron (2001)‚ and the Bernie Madoff Ponzi scheme (2008). The fact is white collar crime is on the rise and it comes in many forms; embezzlement‚ identity theft‚ insider trading‚ insurance fraud‚ money laundering‚ price fixing‚ and many more. Telemarketing has become one of the fastest growing white
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and investment industry VI. Have we turned a blind eye to unethical behavior? VII. Does business ethic pay? VIII. Conclusion Investment fraud we hear about this constantly. 99 percent of the investment frauds we witnessed came from the Madoff scandal‚ Stanford Financial Group and others. We thought we had learned our lesson from Enron and Anderson & Anderson about five years ago but it has happened again. This has not only affected the little guy but also big investors that you would
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What do you think would happen if the rich paid more taxes? Would there be a better economy or would it be worse‚ maybe even stay the same. Increasing the taxes would help out our economy in a few ways. one way that it would help out our economy is that not only would there be less of a concentration of profit at the top of our social ladder there would be more revenue for the funding of civil union jobs. Also not to mention causing the larger corporations have to pay more so they would be unable
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begining of the conversation Madoff told him he couldn’t invest. After some time he got back to his friend and said he would open it just for him. Madoff was ready to prove his investing to his clients. “ We have some who are concerned” “ The principle concern i have is that the assets are there.” (Lionel S. Lewis 289) Madoff invited the client to his office to look at his books. He also set up an online fake account to show him the shares were in his account. Madoff needed people who would help
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Introduction A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors‚ rather than from profit earned by the individual or organization running the operation. Objectives We learn how it started. We learn the key elements in running a Ponzi scheme. We learn how big a Ponzi schemes can get. We learn how a Ponzi scheme falls apart. We learn how to identify and avoid being involved in a Ponzi scheme
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of crime. The punishment has a warning element to other offenders who may want to take part in white-collar crimes. Although these crimes do not include violence‚ it damages the economy. Some of the well-known white-collar criminals include Bernard Madoff‚ Christian Allmendinger‚
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Winning the lottery seems like one of the best things to ever happen to anybody. Imagine going from being poor to being a millionaire overnight! That seems like a dream come true‚ but if you do some research you will soon realize that the lottery actually ruined most people’s lives. Why? Because quickly lottery winners realized that the millions of dollars they had received overnight weren’t solving all of their problems. They were still unhappy‚ and becoming even more unhappy. The material items
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senator. Democratic socialist. Independent. All used to describe presidential candidate Bernard “Bernie” Sanders. A favorite amongst the youth‚ Bernie Sanders is catching the attention of millions of Americans‚ and is picking up momentum all throughout the United States. With his progressive ideas‚ Sanders is setting himself apart from other democratic candidates of the past. Between all this‚ Bernie Sanders is an excellent candidate for the 2016 presidential election because of his experience‚ consistency
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