Crooked CEO gets 50 years jail In 2013‚ the founder of Peregrine Financial Group Inc. sentenced 50 years jail for stealing $250 million from investors and hiding his theft around 20 years. The U.S. Attorney Sean R. Berry of the Northern District of Iowa states that‚ for years seemed Russell Wasendorf‚ Sr. was a successful CEO of his own brokerage and respected member of his company‚ supporting local charity‚ and creating jobs. But in reality‚ “he was a con man who built a building on smoke and mirrors”
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Fraud Auditing and Different type of fraud Introduction Over the years‚ the role of auditors become increasingly important especially in a capitalist economy as the process of wealth creation and political stability depends heavily upon confidence in processes of accountability and how well the expected roles are being fulfilled. An auditor has the responsibility for the prevention‚ detection and reporting of fraud‚ other illegal acts and errors is one of the most controversial issues in auditing
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Photojournalism Research Paper- Eddie Adams Shipway American photographer and photojournalist‚ Eddie Adams‚ was born on the twelfth of June in the year nineteen thirty-three. He began his photography career as a high school student in New Kensington Pennsylvania‚ the city in which he was born. He photographed Marine combat during the Korean war. Throughout his career‚ Adams photographed 150 operations in Vietnam as well as thirteen wars‚ including those in
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Accounting 712 Crazy computer case Issue: 1. Should Crazy Computer recognize the commission revenue for sale of the extended warranty at the time of the sale‚ if CIC reinsures with TPI sold by CC. Analysis: My opinion to this question is that the Crazy Computer Company cannot recognize the commission revenue at the time of the sale and the revenue should recognize on a timely basis and also the revenue should be amortized and recognize along with the time of the service period.
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blink of an eye. The American scientific horror film‚ “The Crazies”‚ portrayed this disastrous apocalyptic event. The apocalypse is any universal or widespread destruction or disaster. Every apocalyptic event contains narrative elements which can be profoundly disruptive‚ chaotic‚ and uncontrollable. I believe the motion picture‚ “The Crazies” consist of these narrative elements. What does it mean to be profoundly disruptive? In‚ “The Crazies‚” there is an uncontrollable outbreak of violence. Everyone
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The Crazy Family Many people have crazy families. No one really knows how your family is until they live a couple days in your shoes. I definitely have a crazy family‚ on both sides‚ that I dearly love. A person could learn a lot about crazy families‚ after reading short stories such as "The Long Hot Summer"‚ "Barn Burning"‚ "Gilded Six Bits"‚ and "Fiesta." I can relate with most of these stories in a certain way‚ wether it be corny or real. My dad’s side of the family is crazy! He has
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expenses 7‚500 5‚000 Accounts payable 12‚000 18‚000 Income taxes payable 1‚600 1‚200 Instructions Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method. Exercise 2: The income statement of Haslett Company is shown below: HASLETT COMPANY Income Statement For the Year Ended December 31‚ 2008 Sales $8‚000‚000 Cost of goods sold 5‚400‚000 Gross profit 2‚600‚000 Operating expenses Selling expenses $500
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COMPANY PROFILE : ARAMIT CEMENT LIMITED | FINANCIAL HIGHLIGHTS | Authorised Capital | Tk | 500.00 Million | Paid-up Capital | Tk | 140.00 Million | 14% Redeemable Debentures | Tk | 6.345 Million | Quoted Price per Share | | | DSE & CSE - 31.12.2007 | Tk | 150.75 & 154.00 | - 31.12.2007 | Tk | 263.25 & 251.75 | | | KEY OPERATING AND FINANCIAL DATA OF LAST FIVE YEARS HAVE BEEN PRESENTED BELOW IN SUMMARIZED FORM | Particulars | 2009 Taka | 2008 Taka | 2007
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Crazy Computers Case The question at matter is if CIC reinsures extended warranty contracts with TPI sold by CC‚ is it appropriate for CC to recognize commission revenue at the time of sale of the extended warranty contracts? I believe you really have to determine who the true obligator is‚ whether it is still the third party insurer or if it would now be Crazy Computers because of having a wholly owned subsidiary that is reinsuring warranties sold by Crazy Computers. Since customers have the
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People feel that they can no longer express their true emotions without the fear of people looking down on them and branding them as different. [continues] “Knowledge is Power” one of the most famous educational quotes to this day. Three poems‚ “Crazy Courage” by Alma Villanueva‚ “Theme for English B” by Langston Hughes and “Much Madness is Divinest Sense” by Emily Dickinson‚ convey an idea or a certain knowledge that an individual possesses that is essential to a persons individual power. Though
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