Kevin Han Case #1: Stanford Financial R. Allen Stanford is accused of pulling off a $7 billion Ponzi scheme that defrauded thousands of investors. Prosecutors allege that Stanford lured investors to purchase Certificate of Deposits with returns that were consistently higher than the market and used the proceeds to finance his lavish lifestyle. Stanford currently faces 14 criminal charges‚ including wire and mail fraud‚ in addition to civil suit from the SEC. Adding to the case are charges against
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Politics and religion have contributed to the great roles in shaping up societies worldwide for centuries. Specifically‚ in both “For Whom the Bell Tows” and “The Quiet American”‚ political influences are expressed with a deeper concentration in comparison to religion among the people. In the work‚ “For Whom the Bell Tows”‚ religion is not emphasized as a major priority throughout the story‚ until the local people find themselves almost at their breaking point. As stated in one of the passages by
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Quiet Cool: A walk in the sun As my brother‚ Pat and walked in the woods on a bright sunny day in the summers of our youth as we so often did‚ we came accost a place that we called Quiet Cool. It was a circular crater with steep sides and a eerie silence all around. As we walked down the near vertical slopes of the crater we saw that the bottom had some sort of small stacked stone wall built bisecting the crater floor in two‚ we decided then and there that one side was mine and the other was his
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personal favors and benefits. In the United States prisons‚ corruption cases rages from those involving criminal investigating departments giving faulty forensic evidence which favor the prosecutor‚ jailing of poor in favor of the rich‚ illegal jailing of kids in adult collection facilities‚ bribing of law makers in order for them to come up with new crimes and many more. Prisons in United States At the beginning‚ putting criminals into prisons was aimed at improving or changing behaviors of these
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The Allen Stanford case is one of the biggest fraud schemes in America. Allen Stanford founded Stanford International Bank in 1991 in Antigua‚ a small nation in the Eastern Caribbean. Stanford owned a large amount of land‚ was highly involved in the Antigua community and held a significant amount of power in Antigua (Ishmael 2009). In raising investment funds‚ Stanford targeted wealthy Latin Americans who were worried about the stability of their governments and hence the security of their wealth
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The Stanford-Binet Intelligence Scale Robin Snyder PSY/525 October 22‚ 2012 Alyssa Oland The Stanford-Binet Intelligence Scale This paper will cover the historical significance of the Stanford-Binet intelligence scale. This scale was originally called the Binet-Simon scale. Albert Binet and Theodore Simon together created this scale. This scale was originally created for children. Intelligence testing became significant in the 21st century as it enabled mainly schools to
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The Improvement of the Prison System When someone gets put into prison most people see it as a time to punish that individual for the offense they were put there for. As knowledge of how these prisoners live becomes more public information‚ and argument has arisen on whether they are placed in prison for punishment or for rehabilitation. The prison system should be used for rehabilitation. Everyday life of an inmate is miserable for most of them. Some of the prisoners have regrets‚ others
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Stanford University (Stanford; officially Leland Stanford Junior University‚[11] colloquially the Farm) is a private research university in Stanford‚ California‚ adjacent to Palo Alto and between San Jose and San Francisco. Stanford’s undergraduate program is the most selective in America.[12][13][14][15][16] Due to its academic strength‚ wealth‚ and proximity to Silicon Valley it is often cited as one of the world’s most prestigious universities.[17][18][19][20][21][22][23][24] The university was
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Prison Privatization Privatizing prisons may be one way for the prison population to get back under control. Prisons are overcrowded and need extra money to house inmates or to build a new prison. The issue of a serious need for space needs to be addressed. “As a national average‚ it costs roughly $20‚000 per year to keep an inmate in prison. There are approximately 650‚000 inmates in state and local prisons‚ double the number five years ago. This costs taxpayers an estimated $18 billion each
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MGT 3211 Section 1 March 12‚ 2014 The Ponzi Scheme Fraud from Stanford Financial Group Upon finding a discussion for a posing ethical dilemma in business today‚ I came across a recent development to an ongoing issue in both national and fairly local news. The Stanford Financial Group‚ which is an expanded financial firm based nearby in Houston‚ has been under investigation for “a massive ongoing fraud” using a Ponzi scheme in which investors are paid back their own money
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