Enron’s origins date back to 1985 when it began life as an interstate pipeline company throughthe merger of Houston Natural Gas and Omaha-based InterNorth. Kenneth Lay‚ the former chief executive officerof Houston Natural Gas‚became CEO‚ and the next year wonthe post of chairman. From the pipeline sector‚ Enron began moving into new fields. In 1999‚ the company launched its broadband services unit and Enron Online‚ the company’s website for trading commodities‚ which soon became the largest business
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Make sexual harassment a crime‚ say NGOs KUALA LUMPUR: Sexual harassment must be made a criminal offence to address the rising number of occurrences in the country‚ 11 NGOs said Saturday. As sexual harassment was not a crime in the Penal Code‚ employers could choose implement an ethical code against it or not‚ said Association of Women lawyers member S. Prema at a press conference at the launch of a joint committee consisting 11 NGOs in Petaling Jaya. The committee SH-out (Sexual Harassment out)
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conspiracy‚ securities fraud‚ money laundering‚ and perjury. Conspiracy is “Agreement between two or more persons to commit an unlawful act or to accomplish a lawful end by unlawful means” (Merriam-Webster Dictionary‚ 2011). Although Madoff originally stated that he was the sole mastermind behind the Ponzi scheme‚ others have come forward and plead guilty to assisting Madoff with covering the scheme. Madoff violated the Securities and Exchange Commission with securities fraud;
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forensic accountant should know are: Accounting‚ Auditing‚ Investigative‚ Evidence gathering‚ and Problem solving skills.[ The skills needed for Forensic Accounting‚] by: Michelle Hickman. The Forensic Accountant investigates white collar crimes such as fraud‚ incorrect financial reporting‚ and illegal investment schemes. Forensic accounting is probably the fastest growing area of accounting today. “Forensic” means “suitable for use in a court of law”‚ and it is to that standard and potential outcome that
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2A Reaction Paper Krippendorf’s Tribe ( film ) Krippendorf’s tribe is a movie about a respected anthropologist James Krippendorf and his children committing a fraud by pretending to have found a lost tribe in New Guienea which he named Shelmikendu after the names of his children Shelly‚ Mickey and Edmund. The fraud started when James Krippendorf was scheduled to lecture at a college about the tribe. Also‚ he feared that he will be charged of misuse of grant funds that was supposed to
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companies that must follow the Sarbanes-Oxley Act. The authors of the article also conducted a study on whether or not fraud of the financial statements was in direct correlation of businesses filing bankruptcy (Nogler & Inwon‚ 2011‚ p. 68) like in the cases of Enron and WorldCom. The results found that the larger the company that filed bankruptcy the more likely that securities fraud litigation and general overstatement of the revenue and assets of the company occurred (Nogler & Inwon‚ 2011).
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Fraud at Electronic Game Card‚ Inc. Krista L. Farmer Dr. Randolph A. Stanley‚ Professor ACC499 – Accounting Undergraduate Capstone November 17‚ 2012 Fraud at Electronic Game Card‚ Inc. Discuss the nature of the fraud and the impact to the company as a result of the fraudulent activity. Electronic Game Card Inc. develops‚ produces‚ and markets electronic‚ credit card sized games to the casino‚ lottery‚ toy‚ game‚ education‚ and promotional industry worldwide. Chief
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from becoming a victim.’’ (Shelia Robinson) There are so many computer crimes out there‚ but I am only going to explain four of them. These four computer crimes are the most common crimes that are talked about. My first crime is computer fraud. Computer fraud is when a victim is conned into believing that he will receive money or something else of value. A good example is when you get an email that starts off good to get you to open it and then it will say if you fill out this survey you will be
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smallbusiness.chron.com White-collar crime‚ is similar to corporate crime‚ because white-collar employees are more likely to commit fraud‚ bribery‚ ponzi schemes‚ insider trading‚ embezzlement‚ cyber crime‚ copyright infringement‚ money laundering‚ identity theft‚ and forgery. White-collar crime‚ is similar to corporate crime‚ because white-collar employees are more likely to commit fraud‚ bribery‚ ponzi schemes‚ insider trading‚ embezzlement‚ cyber crime‚ copyright infringement‚ money laundering‚ identity
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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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