11/28/10 Business 210 Investment Fraud Charles Ponzi will forever infamously known as the con man of the 1920’s. Ponzi dealt with numerous amounts of investors who all trusted him to make them a profit on their investments. Unfortunately‚ Charles Ponzi was a crook from the start. He bought a total of $30 dollars in IPRC’s and stole about $30 million of his investor’s money. His brilliant idea that landed him in jail was to not buy IRPC’s at all‚ but to give people
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M1. Case Study Assignment: Fraud at WorldCom 1. Who were the major characters in WorldCom? There are a couple of major characters that played their roles in the downfall of WorldCom. Mr. Bernard J. (Bernie) Ebbers‚ one of the founders of the original small long-distance carrier‚ was asked to take charge of the company during its early struggles. It was under his tenure that WorldCom began its expanding pursuits and aggressive acquisitions. Although Mr. Ebbers was he head of the company‚ their CFO
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ask an accountant to overlook certain financial figures from a balance sheet that may portray the business in a bad light to the public and investors. Omission may not seem like a significant breach of accounting ethics to an accountant because it does not encompass direct operation of numbers or records. This is specifically why an accountant must remain ethically cautious to circumvent falling into such a trap. Accountants need to be educated on what forms of financial statements frauds can be
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remaining deadlocked on most of the counts against him. Because the Adelphia scandal emerged after the one at Enron‚ and the company was smaller in size than WorldCom or Tyco‚ it has garnered less public attention. But for the sheer audacity of the fraud‚ it ranks high up on the list. Adelphia executives testified that they routinely made up numbers that they gave to investors and lenders‚ even while the Rigases regularly withdrew money from the company without making reimbursements. Testimony at the
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Ques : #2 benefits of digital forensics The digital age has brought many advantages to individuals and businesses alike since it started. However‚ it has also brought a whole host of problems with it as well. More people can tap into to technology for fraudulent or criminal means‚ which has‚ of course‚ made business far more vulnerable than it ever has been before. This is why the idea of using digital forensics in the corporate sector has become more and more prevalent over the past few years.
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death of the person and be able to possible present it before a jury (“Forensic”). They must also be able to diagnose the mechanism of death to explain why the person is no longer able to live. There are also clinical forensic pathologist who work with living patients who have experienced sexual assault or abuse. Though it is more commonly for forensic pathologist to be working with patients once they are no longer living. Forensic pathology is an extremely hard field to get into‚ due to the limiting
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has become a growing epidemic. While many argue that the treating therapist can play both a therapeutic and forensic role‚ what they fail to realize is that the vast differences within the two fields will create more turmoil than good. In clinical psychology‚ for instance‚ the general goal is to identify and attend to mental deficiencies whose focus is on compassion and support. Forensics‚ on the other hand‚ involves psychological evaluations that are primarily for the judicial system and entails
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Forensic Entomology Forensic entomology is the study of insects and arthropods and their relation to a criminal investigation. Forensic entomology can determine the postmortem interval (PMI) or how long since the descendants’ death‚ whether the body has been moved since expiring‚ and what injuries may have been sustained. When decomposition begins‚ insects establish a colony to lay eggs on the remains; these eggs will hatch into larvae that will eat the human organs and tissues. Forensic
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Business Law Notes © 2012 Certified Management Accountants of Ontario. All rights reserved. Business Law Notes Page| i PART 1: LEGAL FUNDAMENTALS .............................................................................................1 SECTION 1-1: INTRODUCTION TO LAW ......................................................................................... 1 Definition and Purpose of Law............................................................................................
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1. What is Computer Forensics? System forensics is the process of systematically examining computer media as well as network components‚ software‚ and memory for evidence. System forensics involves collecting‚ preserving‚ analyzing‚ and documenting evidence to reconstruct user activities. Appropriately collected evidence is often presented in court to solve criminal cases and prosecute criminals. 2. How has technology improved the way criminal investigators perform their job? Technology improved
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