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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In my heart I truly believe that Fastow is changing his view and trying to change his view on money the the wanter the power that comes with that. In the movie we see the over powered jerk of a guy that is patrolled to be Fastow. but after prison listening to his story an how he goes around to not only try and help the people that he destroyed but to tell kids to not make the same mistakes that he did. Shows to me that he understands what he did was wrong and that he wants to move on and do the right
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Enron: The Smartest Guys in the Room / Lack of Ethics Enron at one time was a Fortune 500 company‚ but in truth it was just a fallacy and a lie for what it truly was‚ an ethically bankrupt company that eventually became a bankrupt company. Henry Taylor‚ a 19th century statesman wrote “Falsehood ceases to be falsehood‚ when the truth is not expected to be spoken”. Enron senior management gets a failing grade on truth and disclosure. The purpose of ethics is to enable recognition of how a particular
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Trying to look innocent is a huge part of being on trial. Dilma failed at this especially. Regarding Dilma and the Petrobras oil company scandal (starting in 2014)‚ there are some holistic questions to be asked. The state run oil company was being used to launder government money and doctor spendings. Many government officials pocketed millions. Rousseff not being (in an official capacity) blamed/ charged for her part (if it exists) in the scandal despite impeachment suggests a concern in the evidence
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Lucy Saroyan‚ his daughter was born on January 17‚ 1946. Saroyan was having financial problems after the return as a result of his gambling. By August 1946 he managed to lose 100 000 dollars. He later saw big losses as blessing as they drove him to the typewriter. The Wesley Jackson novel was published and received a bad critic reviews. Ignoring this Saroyan believed it to be his best and maybe even the American best novel and wrote a journal about his writing of the book. The money made from the
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The Lie That Is Hip Hop Earlier this month Curtis James Jackson III‚ AKA 50 Cent‚ ran into some trouble with his bankruptcy. Fifty had been trying to convince the judge that he was unable to pay back nearly $36 million in debt since he was "broke". Of course‚ "broke" is relative. Apparently in the hip-hop world broke means having a monthly income of a mere $184‚000‚ with $44 million in businesses‚ a couple hundred thousand dollars in household goods‚ jewelry‚ and clothing‚ and another $10 million
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Retirement is every working persons dream. We all work hard during our working lives and have aspirations for retirement. When our pension’s plans are not properly funded we lose. The Employee Retirement Income Security Act (ERISA) of 1974 was signed into law by President Gerald Ford on September 2‚ 1974. The events leading up to ERISA involved the closing of the Studebaker Automobile Company out of South Bend‚ Indiana. The Studebaker Company had one of the finest pension plans for all 7‚000 employees
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In recent years‚ companies have managed to turn their backs on employees and investors‚ all because they wanted to save money and do what’s best for the company and them without caring how it would affect the employees and investors. They became greedy and did whatever it took to get themselves rich by lying to investors with balance sheets that didn’t include money-losing assets and laying off employees leaving them jobless and feeling betrayed. Even though both employees and investors were betrayed
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Bankrupt Rapper Not Really Broke After All Curtis James Jackson III‚ better known as 50 Cent‚ has been in the news a lot over the last year because of is bankruptcy. When 50 Cent filed his Chapter 11 last June he claimed that he owed nearly $50 million‚ just enough to offset his assets but not enough to pay the $7 million judgment against him in favor of rival Rick Ross’s ex‚ Lastonia Leviston. He said he certainly could not afford the $17 million award to his ex-business partners who sued him
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Enron is a company that specializes in energy and power industry. They provide gas‚ oil‚ and electrical services worldwide. These comprise wholesale services‚ retail energy services‚ broadband services‚ and transportation services. They have reported revenues of $100.789billion‚ $40.112billion‚ and $31.260 billion for the years 2000‚ 1999‚ and 1998 respectively. This is a growth of 151.3% from year 1999 to 2000 and 28.3% from 1998 to 1999. This is unparalleled in the relatively stable energy business
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