Eddie Antar‚ the CEO of the Crazy Eddie Discount Electronics Chain. In 1993 Eddie was convicted for an $80 million stock fraud and after that his business collapse. Before the company went public in 1984 Eddie and two brothers were accused of putting together a scheme and inflated the value of the company. In 1990 Mr. Antar was on the run because the government charged‚ off millions and they found him in June 1992 in Israel then they extradited back to the United States. When Antar was 45 years old
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ADM 4342M Accounting Theory Mid-Term Exam February 4‚ 2009 Instructor: B. La Rochelle‚ Ph.D.‚ C.A. Duration: 2 hours Value: 25% of your final grade Note to students: This is a closed-book exam‚ containing 3 questions‚ worth 30 marks in total. Apart from sundry writing materials (pens‚ pencils and the like)‚ no examination aids are permitted NAME: __________________________________________ STUDENT #: ________________________ Statement of Academic Integrity The School
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This story begins with a former back office clerk being promoted to a derivatives trader for Barings Bank’s Singapore Branch and ends with the collapse of a 232-year old banking empire. As we began researching this assignment‚ we all asked the same question‚ "How does a 28 year old trader bring about the collapse of a 232-year old banking empire?" To understand how this debacle came about‚ one must have a basic understanding of the nature of a derivative and what they are designed to do. Initially
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“What is Jonathan doing these days with Rose Dreason? I believe she’s the owner of Tucson enterprises Arizona.” Eva shrugged her shoulders‚ “No clue‚ might be trying to recover something‚ as he’s just got robbed of a million dollars today.” “What do you mean?” “I just claimed my settlement from him.” “O...Ok! So you’re in Philadelphia now is it?” “I work there” “I guess I have forgotten to look at the watch‚ it’s nearing five-thirty and I have a flight home at seven. Nice to meet you Vivian
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The British-Australian mining company Rio Tinto and two of its former executives have been charged for hiding losses and inflating the value of African coal assets. The company bought the Mozambique assets in 2011 for 3.7 billion and sold it later for only 50 million. Despite these charges‚ the company won’t back down and will fight the charges. This comes at a time where coal energy is colliding with new forms of energy and many companies are starting to fight to stay relevant and keep coal as the
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The article I discovered is an interesting one because it’s discussing a story I’ve never heard of before and is a perfect example of how some people are willing to ruin their career for money. One could consider Jeffrey Wertkin to be a successful person since he possessed a Ph.D along with a law degree from Georgetown University‚ before working in the Justice Department for over half a decade. This eventually led to him having a partnership with a top law firm in Washington named Akin Gump Strauss
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Dish Network’s Workplace Woes Dish Network’s Workplace Issues Dish Network has become a very popular and well recognizable company throughout the United States over approximately the last decade. Dish serves as a satellite television provider and rivals such companies as Comcast and Xfinity. The company is based out of Englewood‚ Colorado and has serviced upwards of 14 million residents in the United States (Hannan 2013). Dish can easily be considered a large company with approximately 34‚000 employees
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Introduction: To further my tertiary education ‚ studying professional accountancy in CUHK is always the ideal destination for me as I admire the culture of the school and I think I am suitable for studying accounting due to my personal ability and interests .Therefore‚ I have targeted studying professional accountancy in CUHK since I was in secondary school. Now my major in CUHK is professional accountancy and lucky I got the precious chance to become the committee member of the society of accountancy
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Chartered Accountancy CPT Course Lecture 12 – Consignment Accounting 1 Points to be kept in mind Consignor remains the owner of goods even after sending to consignee. Consignor does not send any Invoice rather a Performa invoice. The Amount of Sales belongs to Consignor. All the exp. are to be borne by Consignor. If borne by consignee‚ recoverable from consignor. Consignee entitled to Commission. Consignee entitled to de-credere commission if he is responsible for bad debts. Consignee
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Bernie Madoff did not work alone. One reason is because a scheme of this magnitude would have been difficult for one man‚ even one as smart as Madoff‚ to pull off alone. Because of his long career and the amounts being traded at the end of 2009‚ the probable answer is that some people involved with Madoff were knowingly skirting financial rules and procedures. Some should be made aware of the legal fuzziness that exists within the financial sector. Such fuzziness has‚ in part‚ been deliberately created
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