The Penn State Scandal impacted many areas of the organization. From the managers not doing their part to protect those who were being abused. As a manager if an incident is reported to you it is your responsibility to make sure that the proper authority is notified‚ or you should at least investigate for yourself to make sure that the information that is given to you is creditable. In the case of an eyewitness account as with McQueary he did the right thing by reporting what he saw to coach Paterno
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Parmalat Accounting Scandal Summary After eluding financial analysts and investors for a long time‚ Parmalat went bankrupt later in December‚ 2003 and many of their board of directors have been arrested since then. Here is a brief summary of the events: In the late 1980’s‚ Parmalat’s financial situation was poor due to investment in side businesses. i.e. TV network‚ Parmatur‚ football teams (Palmeiras‚ Parma‚ etc). Cash siphoning through these companies was estimated to be
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The 2G spectrum scandal involved officials in the government of India illegally undercharging mobile telephony companies for frequency allocation licenses‚ which they would use to create 2G subscriptions for cell phones. The shortfall between the money collected and the money which the law mandated to be collected is 1‚76‚379 crore (1.763 trillion) rupees (roughly equivalent to 39 billion US dollars). The issuing of licenses occurred in 2008‚ but the scam came to public notice when the Indian Income
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Nishitha 09L Nishitha 09L Horrifying Animal Abuse Scandal Uncovered Agatha Shelley‚ Crime Reporter Sunday‚ May 10‚ 2009 Red Bank‚ NJ –Friday morning after suspicious allegations of animal cruelty and brutal murder of a pet dog were made by a local neighbours police searched and examined the storage locker of Ed Boone. “We came upon a more sinister and grotesque display‚ I could not even comprehend what I was looking at when that door was lifted”‚ said Officer Paul MacKelly one of the members
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A person should never throw away documents or personal checks without ripping them up. It’s easy for someone to go through trashcans that have the intent to steal identities. A well-known and controversial identity theft scandal that occurred was at Target in November of 2013 when hackers stole 40 million credit card numbers‚ 70 million telephone numbers and addresses‚ and more (Riley‚ Elgin‚ Lawrence‚ & Matlack‚ 2014). Offenders most likely chose to hack into Target’s system
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The Lorena Bobbitt Scandal The name Lorena Bobbitt became familiarized with the concept of penis removal. The Lorena Bobbitt case also raised the issue of marital rape‚ forced abortion and domestic violence. Feminists along with domestic violence groups supported Lorena Bobbitt an alleged abused wife who acted out in a moment of insanity by cutting her husband’s penis after years of sexual‚ physical‚ and emotional abuse. The case sparked national debate and jokes about the mutilation of men’s
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March 12‚ 2013 The Bill Clinton Scandal The Constitution of the United States outlines the fundamental government and laws of the country. Its main purpose is to establish separation of powers in order to protect the people from unfair rule. A means of protecting the United States from a corrupt executive leader is outlined in the sections detailing with grounds for and actions to be taken in the case of impeachment of a civil officer of government for crimes committed while they are serving
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Timeline of the Tyco International scandal Key dates and events that led to the convictions of former Tyco CEO L. Dennis Kozlowski and CFO Mark Swartz: March 13‚ 2001: Tyco announces $9.2 billion cash and stock deal to purchase the CIT Group‚ a commercial finance company. Tyco director Frank Walsh helps arrange the deal. Dec. 5‚ 2001: Tyco shares close at a high of $59.76 on the New York Stock Exchange. Jan. 14‚ 2002: Business Week magazine lists Tyco CEO L. Dennis Kozlowski as one of the top
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The latest release of Hillary Clinton’s personal emails shines a new light on an old scandal that has received far to little press coverage over the years. More than 6 years after the January 2010 Earthquake‚ there is little to show for the two Billion Dollars that have been poured into “reconstructing” Haiti‚ most of the money having disappeared into fraud and corruption scams closely associated with the Clinton Foundation. According to the nonpartisan Washington watchdog Judicial Watch‚ the
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E. Boos – Week 2 – Assignment February 17‚ 2013 The Enron and WoldCom Scandals ENRON 1. The segment of Enron’s operations that got them into difficulties had several parts. They published misleading financial reports. They could not meet their bridge financing commitment with Barclay Bank because outside investors were not found. Because of this‚ they restated activities of JEDI and Chewco SPEs so they could be retroactively consolidated into Enron’s accounts. The SPEs
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