Scenario 2 – Soliciting Funds 1. The crime in which Tarrance committed had a specific intent (mens rea – guilty mind) when he copied his employer’s customer database on a USB drive and created a fictional business. “Under the federal Industrial Espionage Act of 1996‚ knowingly stealing‚ soliciting‚ or obtaining trade secrets by copying‚ downloading‚ or uploading via electronic means or otherwise with the intention that it will benefit a foreign government or agent is a crime. This act also applies
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Q5 Federal funds borrow money from a bank to another bank. The interest rate is the Fed funds rate. This rate is not set by anyone directly‚ but is determined by the market. Due to changes in supply and demand conditions‚ often change rate. Fed by adjusting the money supply to influence the federal funds rate. Q6 The Fed funds market let depository institutions reach the needs of short-term liquidity to other financial institutions. When they need short-term funds from the Fed funds market‚ it borrowed
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C A S E 3 Asian Journal of Case Research 4(S): 27 – 44 (2011) Flight of Funds MOHD NOOR ABU BAKARa‚ MARIATI NORHASHIMb* AND ABDUL HAMID MOHAMED GHOWSc ABSTRACT In 2006‚ Malaysian Travels Sdn Bhd‚ a subsidiary of a public listed company‚ purchased 40% equity in Turkistan Global Services Sdn Bhd on the basis of a project paper which outlined a potential travel business to exploit opportunities in Turkistan. Turkistan Global Services Sdn Bhd purported to have acquired the opportunity through a Memorandum
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Dimensional Fund Advisors‚ 2002 1. What is DFA’s business strategy? What do you think of the firm? Are the DFA people really believe in efficient markets? Dimensional Fund Advisors (DFA) primarily focuses on the investment of small stock funds. DFA’s business strategies are as following: * DFA was dedicated to the principle that the stock market was efficient. * DFA believes the value of sound academic research. * DFA believes the ability of skilled traders to contribute to a fund’s
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BANGLADESH FUND FUND HIGHLIGHTS Bangladesh Fund 01 Name 02 Sponsors Investment Corporation of Bangladesh Janata Bank Limited Bangladesh Development Bank Limited Sadharan Bima Corporation 03 Trustee ICB Capital Management Limited 04 Custodian ICB Capital Management Limited 05 Asset Manager ICB Asset Management Company Limited 06 Initial Size of the Fund Tk. 5‚000‚00‚00‚000.00 (five thousand crore) divided into 50‚00‚00‚000 (fifty crore) units
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SIX MUTUAL FUNDS OF SIX DIFFERENT COMPANIES Submitted in partial fulfillment of the requirements for the Award of Bachelor of Commerce of Christ College(Autonomous) Chapter 1 Introduction 1.1 Introduction to Finance Finance is a field that studies and addresses the ways in which individuals‚ businesses‚ and organizations raise‚ allocate‚ and use monetary resources over time‚ taking into account the risks entailed in their projects. The term finance may
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Synopsis The Galleon Group was a privately owned hedge fund firm that provided services and information about investments. The group was founded in 1997‚ and attracted employee’s from Goldman Sach’s and Needham & Co. The company made its profit and other companies by choosing stocks carefully. Raj rajaratnam was an analyst for Needham for 11 years before leaving to start Galleon Group‚ he took several employee’s from his previous
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What WB’s chit fund scam is all about The depositors‚ mostly poor people in villages and small towns‚ had put their hard-earned money with the company’s chit funds lured by the promise of high interest rates. KOLKATA: The Saradha Group chit fund scam that left scores bereft of their savings‚ has Mamata Banerjee’s Trinamool Congress in a tizzy with the chief minister putting the onus on the Left and some even trying to cover up the mess. Sudipto Sen‚ the promoter of the chit fund funded by the
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What does the International Monetary Fund do? The IMF is the world’s central organization for international monetary cooperation. It is an organization in which almost all countries in the world work together to promote the common good. The IMF’s primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to buy goods and services from each other. This is essential for sustainable
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Would you invest in DFA? Yes due to steady returns provided by the company and as investors are generally past performance chasers‚ one has no reason not to invest in DFA. The company was founded on a sound investment style based on its core belief in sound academic research‚ passive fund management. Until almost the end of the 20th century DFA had found a way to make money actively with a passive investment strategy. But looking forward‚ according to me it needs to evolve with the times and
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