Red-Collar Crime and the “CBS Murders” Abstract This paper outlines the case of a typical white-collar criminal who transitioned into what is known as “red-collar” crime. Irwin Margolies‚ owner of Candor Diamond Corporation‚ perpetrated a fraud that would ultimately lead to the homicides of five individuals. This paper will compare white-collar and red-collar crime and discuss Margolies’ evolvement from one sector to the other. The detail of the fraud will be examined and decomposed as it
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What are the systemic‚ corporate‚ and individual issues raised by this case? This case discusses the story of Enron‚ the infamous American energy company that December 2‚ 2001 filed the largest bankruptcy case in US history‚ totaling losses around 66 billion US dollars‚1 forcing 4‚000 unemployed‚2 and bringing down Arthur Andersen‚ 3 its auditing company. For many of the “bad” and publicly convicted Enron executives it has been the worst nightmare come true‚ a personal travesty. Cliff Baxter‚
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In the case‚ “The Jack Welch Era at General Electric”‚ indicate that during the period of Jack Welch was a CEO at General Electric from 1981 to 2001‚ the company became remarkable profit. Earnings per share rose from $.46 in 1981 to $1.07 in 2001. GE is a company which has a very long history‚ and Jack Welch was the first working-class person that finally became the famous manager in GE history. He changed and built lots of rules to fulfill his ambition to make the company more wealthy such as eliminated
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A criminal case was brought against four former employees of Patton State Hospital‚ for the several felonies which included the theft of unearned payroll for approximately $800‚000. All the defendants are stated to have received pay for hours they did not work. These thefts were alleged to have happened between August 2007 and March 2011. ("Former Patton State Hospital employees charged in $800‚000 payroll fraud case‚" n.d.) After criminal charges were filed‚ the State’s Controller’s office released
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The article that I was read is called‚ The wild schemes people will use to commit tax fraud‚ written by Matt Pearce. The article talks about schemes that people use to get out of paying their taxes and crimes commit with tax fraud. The main purpose of this article is to show that tax fraud is a massive problem in the United States and there are consequence to face for committing the crimes.The article starts off by introducing Michael D. Brandner‚ an Alaskan plastic surgeon with a wife‚ who filed
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There are 7 billion of us in the world today‚ and were facing some huge problems. But talk doesn’t help someone out of poverty‚ awareness alone does not reduce pollution‚ increase and grow food production‚ or heal the sick. That takes a lot of doing and patience. The solutions are in our grasp. Many great inventions that are being created are capable of creating clean energy‚ make fresh water‚ and that improve our overall health. Although it is probably going to sound like a story of Manoj Bhargava
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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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Did you know that a very famous art work got stolen back in 1990? A famous art work in the Isabella Stewart Gardener Museum was stolen the night of March 1990.The artwork that was missing was Christ in the Storm on the Sea galilee Also in 1942‚ all of the illustrious poets were missing. The Poets notebooks were unsealed. The art work in the Isabella Stewart Gardener Museum got stolen‚ it only took a whole two minutes for the criminal to steal the art work. It has been missing for twenty-five years
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Corporate greed leads to unethical employee behavior and down fall. My first reaction was why didn’t he leave MCI like his mentor did? Mr. Pavlo knew that the bad debt was uncollectable‚ financial targets and expectations from his superiors and upper management were unrealistic‚ still he decided not to walk away! This case is a best example of how ethical behavior at top management plays such an importance role in the success or failures of its employees and the organization as a whole. MCI’s
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