discuss the Post with some basic concepts based on the research about the "Classic affinity scam" or "Ponzi Scheme" also called as "Madoff Investment Scandal".This Scam was estimated worth of $64.8 Billion which resulted in collapse of Investments in the global community and effected from the prominent celebrities to the veteran pensioners. Bernard Madoff the founder of Bernard.L.Madoff Investment securities LLC in the early 1960’s was it chairman and also had some prominent positions like chairman
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Full Article In the public eye‚ Enron ’s mission was nothing more than the cover story for a massive fraud. --Bethany McLean and Peter Elkind CORPORATE FRAUD‚ BANKRUPTCIES‚ AND VARIOUS ILLEGAL ACTS HAVE always been part of the business environment. Every time fiascos erupt there is a shock‚ but business history records dozens of major failures‚ frauds‚ and other measures of massive corruption each decade. The big ones often hit during recessions or periods of other economic problems
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and hitting nor‚ indirect by social media. In my opinion‚ bullying in school can be prevented. Are there any ways to prevent bullying? There are many ways to prevent bullying in school such as parent should stay connected with their children‚ the teacher must have a good relationship with students and students must have a higher self-confidence than others. Firstly‚ the way to prevent bullying in school is a parent should stay connected with their children. So how can a parent be the best safeguard
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Cho 8/26/2012 Weekly Memo #1: Should external/internal auditors be responsible for detecting client fraud? In 2001 Enron‚ the seventh largest energy company in 2001‚ filed for bankruptcy. The event named “Enron Scandal” is considered to be the most shocking incident in American economic history. Bring the country to the edge of disaster‚ the scandal was basically caused by securities fraud which Enron was charge with. The irrationality of accounting and auditing system encouraged U.S. legislative
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ur a lil puts putssssssssssssssssss "Tha Block is Hot" [Lil’ Wayne] Wha wha‚ wha wha‚ wha wha‚ wha wha‚ what Straight off the black gold‚ nuts in my hand‚ trustin no man Got my glock cocked‚ runnin this thing‚ ya understand We be steamin‚ blazin‚ nines pumped in caves and Hollygrove 17th‚ the hood where I was raised in Niggaz bustin heads and‚ runnin duckin Feds and rocks under they tongues and‚ ki’s under they beds and do it for the real niggaz‚ twenty-four seven hustlers
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chalcogen group Chemical formula: 02 Melting point: 54.36 k (-218.79 C‚ -361.82 F) Boiling point: 90.188 k (-182.962 C‚ -297.332 F) State at room temperature: Gas 2. What do we use oxygen for? Describe two common uses of oxygen in our world‚ that do not take place within
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Describe the characteristics and explain the causes‚ of tsunamis. (8 marks) A Tsunami is a large and potentially destructive sea wave often produced by a submarine earthquake‚ subsidence or an underwater volcanic eruption. They occur when a large volume of water is displaced in the ocean. The characteristics of tsunamis differ slightly from normal sea waves. For one‚ they often have extremely long wave lengths‚ in deep water an initial wavelength can be up to 100km. Their amplitude contrasts with
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Apollo Shoes‚ Inc. Potential for Fraud Memo September 24‚ 2014 There are a few “red flags” that have come to my attention while reviewing the minutes provided to me from Apollo Shoes‚ Inc. For starters‚ in our first meeting we requested to meet with the predecessor‚ and was told by Mr. Unum who is the Vice President of finance‚ they would rather we not speak to them. When a company refuses to have the current auditor speak with the previous auditor this always throws up a red flag. Another red
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A fraudulent investment operation in which the perpetrator promises the investor a high return on their investment‚ not from any actual profit earned from the organization but instead from recycled money already paid by other investors‚ is called a Ponzi scheme. In many Ponzi schemes‚ the swindlers focus on attracting new money to make promised payments to earlier-stage investors and to use for personal expenses‚ instead of engaging in any legitimate investment activity. There are countless examples
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Running Head: THE BRAZILIAN MILK FRAUD SCANDAL The Brazilian Milk Fraud Scandal Involving the Italian Food Conglomerate Parmalat. A Brief Case Study on a Transnational Corporation In Your Home Country Gabriel Ferreira International Public Relations – PUR6608 class University of Florida 1 THE BRAZILIAN MILK FRAUD SCANDAL 2 The Brazilian Dairy Market background. Over the last decade‚ the Brazilian dairy market has been one of the most fast growing dairy
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