The Enron scandal was a financial scandal that was revealed in late 2001. After a series of discoveries involving irregular accounting procedures which could be turned in as fraud‚ went on throughout the 1990s‚ involving Enron and its accounting firm Arthur Andersen. Enron stood at the verge of falling into the largest bankruptcy in history by mid-November 2001. An attempt by a smaller energy company‚ Dynegy‚ was not feasible. Enron filed for bankruptcy on December 2‚ 2001. As the scandal was shown
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Nigeria as published by Wikileaks. C O N F I D E N T I A L SECTION 01 OF 02 LAGOS 000767 SIPDIS NOFORN E.O. 12958: DECL: 04/07/2014 TAGS: EPET EINV EFIN PGOV NI SUBJECT: SCANDAL BREWING OVER NIGERIAN FUEL IMPORTS Classified By: J. GREGOIRE FOR REASONS 1.5 (B)‚ (D)‚ AND (E). ¶1. (C) SUMMARY. A scandal is brewing in Nigeria over prices paid by the government for imported fuel. International fuel traders have been falsifying the dates of bills of lading to reflect particularly high
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Chicago Black Sox Scandal The 1919 World Series is home to the most notorious scandal in baseball history. Eight players from the Chicago White Sox were accused of throwing the series against the Cincinnati Reds. Details of the scandal and the extent to which each man was involved have always been unclear. It was‚ however‚ front-page news across the country and‚ despite being acquitted of criminal charges‚ the players were banned from professional baseball for life. If anything can be said in
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Angelica Winton Business 100 02/17/13 Enron: One of the Largest Scandals of the Twentieth Century Would you defraud millions of people and steal billions of dollars from them? The very idea likely makes your skin crawl. And yet‚ that is exactly what Enron‚ a massive power company did for many years. We shall see how their insatiable greed and lust for power was the cause of their downfall and ultimate ruin. Enron prided themselves on being ’’the smartest guys in the room.’’ The company
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Air Force Academy Sexual Assault Scandal Q.) What‚ when‚ where‚ did these incidents take place and who was involved? A.) Officials are investigating the Air Force Academy in Colorado Springs over allegations that sexual assault is rampant at the military institution. According to several former female cadets‚ many of whom have filed lawsuits against the school‚ sexual misconduct is a serious problem at the academy and has been for a number of years‚ possibly since women were first admitted
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Critics focused on the possibility that Franklin was turning into a dictatorship by attempting to seize control of the Supreme Court in the Court-packing. This would later be known as The Court- Packing Scandal‚ President Franklin D. Roosevelt wanted to increase the size of the Supreme Court as well as bring in new justices who would contradict and throw off the opinion on the Court. Franklin Roosevelt anticipated to pack the Court‚ on a case where conservative
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Final exam assignment Introduction Over the last few decades there have been a number of cases of high profile corporate collapses and fraud scandals. In essence‚ the unethical behaviour of corporations affects us all‚ such as shareholders’ lost financial investments‚ employees who lost their jobs‚ other companies that provided goods and services to the company‚ as well as the economic impact on domestic and international communities. In this paper I will focus on the case study of Royal Ahold
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Summary Phar-Mor‚ Inc. was a deep-discount store that had substantial growth in a short period of time. It started with 15 stores and grew to over 310 stores in thirty two states between 1985 and 1992. At first Phar-Mor was seen as a major prospect in the retail market. With sales of over $3 billion and growing‚ Phar-Mor’s success even worried some of the biggest retail giant‚ including Wal-mart. The president‚ founder‚ and COO of Phar-Mor was Mickey Monus‚ who became quite extravagant with
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The Enron Case Questions: 1. Do you believe that there has been a significant shift or evolution over the past several decades in the concept of “professionalism” as it related to the public accounting profession? If so‚ explain how you believe that the concept has changed or evolved over that time frame and identify the key factors responsible for any apparent changes. a. Do you believe that there has been a significant shift or evaluation over the past several decades in the concept
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Albert Dunlap was once acknowledged and advertised as the "toughest CEO" to turnover corporations in financial crisis and Albert so-called turnover the companies back to financially strong terms. Moreover‚ the ethical issues raised quickly while Albert Dunlap was in full control of Sunbeam Corporation establishment. Albert Dunlap actions were from consequential ethics perspective that leads Sunbeam Corporation to inflated the organization for only one year. Therefore‚ it has taken one year or several
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