RUNNING HEADER: CLEARSTREAM CLEARSTREAM SCANDAL INDIANA WESLEYAN UNIVERSITY The situation that occurred within the Clearstream scandal is quite simple. Not only was the company illegally moving money around a variety of accounts‚ they also were involved with money laundering and tax evasion. Defendants were charged in appellate court. In June 2001‚ there were several inquires into suspicious bribes that were paid to French officials for the sale of six French frigates to Taiwan (in 1991
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province of Ontario. The OLG‚ characterized by its core values‚ integrity‚ respect as well as accountability‚ is always expected to perform the duty of care to its clients. However‚ the organization was hit by a scandal which exposed fraudulent behavior within its operations. The scandal was revealed by CBC`s documentary The Fifth Estate‚ in an episode titled `Luck of the Draw` which revealed the plight encountered by a senior citizen‚ Bob Edmond‚ who was conned of his rightful winnings of 250‚000
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The Watergate Scandal Victoria Daniele Constitutional History May 19‚ 2013 The Watergate Scandal involved a number of illegal activities that were designed to help President Richard Nixon win re-election. The scandal involved burglary‚ wiretapping‚ campaign financing violations‚ and the use of government agencies to harm political opponents. A major part of the scandal was also the cover-up of all these illegal actions. The Watergate Scandal got its name from the Watergate office complex
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Before getting into the Payola scandal and explaining what happened‚ it is important to know what payola is first. In the music industry‚ payola is the illegal practice of payment or other inducement by record companies for the broadcast of recordings on music radio‚ in which the song is presented as being of the normal day’s broadcast (Neira). A radio station can play a certain song in exchange for money‚ but the radio station must disclose this on the air as being sponsored airtime. The playing
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[pic] ACCTG 312 SC 2012: Assignment 1 Current issues – scandals in auditing Introduction • For this assignment‚ you are required to research and report back on one of four well known scandals that involve auditors in some way. • It can be commenced after week 1 lectures are completed‚ so gives you a chance to get part of your semester’s work done early. It is due in week 3 (Thursday at 4 pm). • You will also be required to very briefly report to your tutorial group on one interesting
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Corporate Scandal I. Olympus Updated: April 20‚ 2012 Olympus Corporation‚ founded in 1919‚ is a manufacturer of digital cameras and electronic equipment. Based in Tokyo‚ the multibillion-dollar company has operations worldwide. In mid-October 2011‚ Olympus was rocked by scandal when its former chief executive and president‚ Michael C. Woodford‚ who is British‚ was suddenly fired. The company’s chairman‚ Tsuyoshi Kikukawa‚ blamed a culture clash‚ but Mr. Woodford‚ a 30-year Olympus employee‚
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in the scandal‚ including the then senior Xerox management‚ the Board of Directors and external auditor KPMG LLP. The failure of those parties in discharging their duties induces the further thought of trust and accountability among them and shareholders. Furthermore‚ the external environment in 1990s‚ including economic bubble boom‚ irrational investors‚ fierce industrial competition and ineffective regulations on audit‚ provided a hotbed for the scandal. Lessons learnt from Xerox scandal indicate
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bankruptcy in 2001‚ Nancy b. Rapoport wrote this essay expressing her unique perspective on the real cause of Enron’s demise. This essay catches the reader’s attention instantly‚ because unlike abundant other articles written on the biggest corporate scandal in American history‚ the author here rejects Jeff Skilling’s (former president of Enron) argument1 of what brought about Enron’s downfall. She instead uses another metaphor‚ arguing that Enron’s downfall was more like Titanic’s- hubris and over reliance
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Case Analysis of Sears Changes Again and Again Synopsis The case ‘Sears Changes Again and Again’‚ highlights the changes Sears‚ the well known departmental store had undertaken to solve problems and to reinvent itself in order to survive and prosper in the 21st century. The case also highlights how leadership facilitates to bring about changes in the organization to improve from the current state of being. At Sears under different leadership‚ various changes were made in the organizational structure
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A Scandal of Bias and Fact Over the past few years the NSA (National Security Agency) has been collecting massive amounts of phone call data from Verizon without the public’s knowledge. This information has just come to the public’s attention earlier this year‚ and has been covered by many news sources. Some sources stick strictly to the facts of the story and nothing more. However‚ other sources tend to focus more on their own bias rather than talking about the actual events that happened. There
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