...The Wolf of Wall Street The Wolf of Wall Street, Jordan Belfort, committed a classic pump and dump scam, under the guise of his investment firm, Stratton Oakmont. This crime went on for several years before the company was investigated, closed, and Belfort sent to prison. The following paper outlines this case in detail. The Crime & How it was Committed The securities industry is governed by the Securities Exchange Commission, which exists in part to ensure that the capital markets are trustworthy. When investor trust in the markets is compromised, this makes it more difficult for firms to raise capital. Thus, it is imperative for any country to have securities regulators that ensure a fair and honest capital market system, including the stock market. There are many ways to commit fraud in the stock market, one of which is the pump and dump scheme that Stratton Oakmont committed. The principle is fairly simple. The company buys a large quantity of penny stocks. They then use their brokers to cold call people and convince them to invest. These people, who are usually fairly wealthy but not sophisticated investors, are convinced to put their money into this worthless penny stock. The influx of capital starts to push the stock price upward, so the investors are convinced that this is a good investment – that they are seeing the gains they were promised materializing. Then, when a large enough amount of capital has been gathered, the investment house begins to...
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...Belfort’s heavy involvement in these activities led to a very time consuming investigation and eventually, a conviction. There were many devastating losses to investors from the white-collar crimes that Belfort participated in and promoted daily. Stratton Oakmont was the arena where Jordan Belfort, and his loyal band of trusted employees, came to battle everyday by pushing stock sales onto unsure investors. Belfort’s firm specialized in selling mid-range priced stocks to wealthy businessmen. The main operation behind the fraudulent activities at Stratton Oakmont was an illegal trading system known as the “pump and dump.” This is a type of Microcap stock fraud. Microcap companies are smaller than regular public companies, with securities trading at less than five dollars per share. They are not listed on a national exchange and are referred to as “penny stocks” (Wiley 160). “Pump and dump,” relies on positive information given by the brokers to the potential investors. This information is usually misleading or...
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...ENGL 1561 Business Writing Final Assignment Melissa E. Bryan Laurentian University March 31, 2014 Ethics can be defined as having standards of moral behavior that is accepted by society as right or wrong (Nickels, McHugh, McHugh, Cossa, & Sproule, 2013). In day-to-day life, the decisions made in ethical dilemmas can be very situational. There does not seem to be a clear set of rules and because of this, unethical situations and decisions arise. The term boiler room refers to an outbound call center where telemarketers use high-pressure sales tactics to sell fake stock (Farlex Inc, 2000). Modern boiler rooms disappeared in the 1990s but they still exist in various forms. With the widespread use of the internet and lack of government regulation on web site creation, a boiler room can set up a website in one country, operate from another and target victims in a third. This makes it very difficult to identify the scamming stockbrokers and even more difficult to trace them. Many people have grown wise to the phone scams thanks to warnings from financial authorities and the increased value of ethics (Wikipedia, 2014). In the business world the practice of ethics has become increasingly important, not only for moral reasons but to maintain a competitive advantage (Smith, 2012). This essay analyzes the movie Boiler Room and the ethical dilemmas presented in respect to business ethics models. Real life ethical dilemmas that traders in the stock market are faced with, the...
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...variety of mixers currently available in today’s market. All mixers leverage power, torque and weight distribution to get the concrete to the site, but getting it out of the truck is where you'll see differences in truck designs. Most of the mixer fleet, especially older batch model trucks use a simple tip-and-pour method to get the concrete out of the mixer. A chute attaches to a port and the concrete pours out of the mixer to the project. Usually, the driver of the truck operates the machinery and aims the chute. Many transit mixers are coupled to a hydraulic lift bed that can tip up the drum, similar to a dump truck, if needed. Other trucks, many of them volumetric and the newer transit mixers, use a pump to move the concrete from the truck to the project. The pumps, usually reciprocating piston pumps, can be mounted on the front or the rear of the truck. Having the pump in front allows the driver to maneuver to a section of the work site and direct the concrete from inside the cab. The controls can...
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...SAN FRANCISCO (MarketWatch) — Facebook Inc. isn’t the only social-media company marking the anniversary of its public trading debut this week. LinkedIn Corp. LNKD, +0.36% will celebrate the second anniversary of its initial public offering on Sunday, a day after Facebook FB, -1.53% marks its first birthday as a public company. In LinkedIn’s case, “celebrate” is the appropriate word. “LinkedIn has been the belle of the social IPO ball,” analyst Roger Kay of Endpoint Technologies Associates told MarketWatch. While it didn’t attract the pop culture frenzy that Facebook enjoyed, the LinkedIn IPO will be remembered as one of the most successful social-media trading debuts in history. LinkedIn shares edged up by a fraction to close at $182.35 on Friday. That’s roughly four times their IPO price of $45. When it debuted on May 19, 2011, the stock more than doubled to close at $94.25. On the other hand, Facebook ended its debut trading day with a gain of 23 cents. LinkedIn’s debut was supposed to be just the first wave of social-media IPOs that was expected to reach a high point with Facebook. LinkedIn didn't just have a far more successful trading debut, it has maintained a solid momentum. ‘LinkedIn has tapped into a core set of jobs that professionals want to get done around managing your professional network, looking for a new job, refining your skills. They kind of disrupted the Rolodex.’ Crawford Del Prete, IDC analyst LinkedIn has more than 225...
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...Also, it is known to produce long lasting damage not only to dopamine cells, but also to other brain regions, including white matter, that are not part of the dopamine network. It also interferes with the neurotransmitters norepinephrine too. The brain affected by this drug is prefrontal cortex and cerebellar cortex, amygdala and hippocampus. Methamphetamine’s also impact the brain memory impairment, memory loss, a reduced the ability to think clearly or logically, a reduced ability to maintain focus and attention, and a reduced ability to regulate violent or aggressive urges. I think it started when the methamphetamine attaches itself to the uptake pumps. It actually binds to them more powerfully than dopamine, and will push dopamine out of the way to get to them. Methamphetamine then gets transported into the cell masquerading as dopamine. The neuron thinks the methamphetamine is dopamine, so it tries to absorb it into the...
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...+ [Alt] + W | Toggle Air Pollution | [Alt] + A | Toggle Crime | [Alt] + C | Toggle Fire | [Alt] + F | Toggle Garbage | [Alt] + G | Toggle Ground Pollution | [Alt] + P | Toggle Health Issues | [Alt] + M | Toggle Homeless Sims | [Alt] + H | Toggle Sewage | [Alt] + S | Infinite water If you place a water pump (using filtration pumps) directly next to a sewage treatment plant, it allows for unlimited water. The sewage treatment plant adds back into the ground water table at that spot. The filtration pumps ensure your water will not get polluted from the ground pollution that occurs. When using this trick, you can pick one of the four clustered cities in your tradable region to keep using the trick repeatedly. This will provide a massive amount of water that can be purchased. You can then buy from that massive source while building the other three cities. This will save you the need to place a water source and sewage treatment plant. This can be done for any utility/service. Disasters Successfully complete the indicated task to unlock the corresponding disaster: Big Lizard: Burn 100 tons of garbage in an Incinerator at the Garbage Dump. Earthquake: Mine 100 tons of coal or raw ore in your city. Meteor Strike: Have 200 tourists arrive on flights at the Municipal Airport in a day. Tornado: Have 24 Wind Turbines at Wind Power Plants. UFO Encounter: Ship any resource to a Space Center Great Work. Zombie Attack: Add a Diagnostic Lab to a Hospital, and...
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...The Broad Street cholera outbreak was a severe outbreak of cholera that occurred near Broad Street in the Soho district of London, England in 1854. This outbreak is best known for the physician John Snow's study of the outbreak and his discovery that contaminated water, not air, spread cholera. This discovery came to influence public health and the construction of improved sanitation facilities beginning in the 19th century. Later, the term "focus of infection" would be used to describe places like the Broad Street pump in which conditions are good for transmission of an infection. In the mid-19th century, the Soho district of London had a serious problem with filth due to the large influx of people and a lack of proper sanitary services: the London sewer system had not reached Soho. Many cellars (basements) had cesspools underneath their floorboards. Since the cesspools were overrunning, the London government decided to dump the waste into the River Thames. That specific action contaminated the water supply, leading to a cholera outbreak. On 31 August 1854, after several other outbreaks had occurred elsewhere in the city, a major outbreak of cholera reached Soho. John Snow, the physician who eventually linked the outbreak to contaminated water, later called it "the most terrible outbreak of cholera which ever occurred in this kingdom."[1] Over the next three days, 127 people on or near Broad Street died. In the next week, three quarters of the residents had fled the area....
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...Charlene McElmurry SCI201-1503A-04 Professor Ryan Cornell August 3, 2015 Waste and Disposal When useful material goods reach the end of its life cycle, it loses it economic value and turns into waste material. According to the Environmental Protection Agency, “Solid waste includes garbage, rubbish, refuse, sludge from a wastewater treatment plant, water supply treatment plant, or air pollution control facility, and other discarded material, including solid, liquid, semisolid, or contained gaseous material resulting from industrial, municipal, commercial, mining, and agricultural operations and from community and institutional activities” (EPA, n.d.). The focus of this discussion is to familiarize you with Municipal Solid Waste (MSW), how we dealt with waste before industrialization and why the process changed. Followed by an explanation of how things are being done to make the Mariannhill Landfill more productive and reduce its environmental impact. MSW is the nonhazardous waste (trash and garbage) that we throw away every day. This includes durable goods, such as tires and furniture, nondurable items such as plastic cups and newspapers, containers like milk cartons and other waste from your yard and food. This type of waste refers to common household waste, as well as businesses, hospitals or schools. Industrial, hazardous and construction waste are not included (CSS, 2014). All of the Municipal Solid Waste Landfill (MSWLF) must comply with the federal regulations...
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...would pay in order to ride the ship. The prices varied from where you wanted to ride. The cost to ride in the cabin was five dollars and to ride in the storage you would pay three dollars. There was also a map from December 6, 1869, which belonged to the southern pacific railroads. The focused my attention on the early civilization because it links more to the discussions that we have in class. The museum displays many objects that shows us how new inventions helped make people’s lives easier. This relates to what we talked about in class because it has to do with the transportation system transportation system made it easier for people to move around. I also saw many craftsman tools. One artifact that caught my attention was the dump wagon. The dump wagon...
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...of these components is very similar to a household toilet. The fuel comes into the bowl and the float level rises, which pushes down on the needle and closes off additional fuel flow. As the level decreases in the bowl, the needle rises up from the seat and allows the bowl to refill. Common Internal Carburetor Problems One of the most common carburetor problems is when the unit dumps too much fuel into the intake manifold. This can happen for several reasons. However, the float and the needle that turns off the fuel flow are the most common malfunctions. Plastic and metal floats can develop leaks that make them sink in the fuel bowl and therefore allow too much fuel to enter. You can verify if the float is good by submerging it in a bowl of water and making sure that it floats on the top surface of the water. The other common issue is when the needle wears out. The tip of the needle is made of a rubber or a silicone substance. This can dry rot or deteriorate and allow fuel to leak past as it attempts to close off additional gas from flowing into the bowl. Another issue that will cause fuel to dump down the throat of the carburetor is an incorrect fuel float setting. Your carburetor overhaul kit will include a measuring stick to verify the float setting. This reading is then compared to the factory specification that’s listed in the overhaul kit's instruction manual. To correct the float settings you simply bend the metal arm between the float and the needle until you achieve...
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...|Case Analysis – Kunst 1600 | |B2B Marketing | | | |Prepared By: | |Name | |Roll Number | |Organization | |Designation | | | |Karan Sangar | |EPGP-04C-055 | |Dell | |Sr. Advisor | | | |Nitin Gupta ...
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...PALM OIL (20 – 22 %) BY-PRODUCTS PALM KERNEL (5 -6 %) EMPTY FRUIT BUNCH (20 – 22 %) FIBRE (12 – 14 %) SHELL (5 – 6 %) POME (60 – 65 %) BOILER ASH Process Flow Palm Oil Mill FFB LORRY FRESH FRUIT BUNCH (FFB) STRIPPER EMPTY BUNCH HOPPER CAGE STERILISER TIPPER FFB HOPPER Fruitlets FRUIT ELEVATOR Fibre DIGESTER FIBRE CYCLONE SCREW PRESS Press Cake SLUDGE TANK 1 DEPERICATER NUT POLISHING DRUM CLARIFIER BOILER Press Liqour SAND TRAP TANK NUT SILO DESANDER Standby usage SAND SLUDGE TANK 2 PUMP PUMP CRUDE OIL TUNK VIBRATING SCREEN MESH DESTONER WET KERNEL BANKER STONES Recycle Oil SLUDGE SEPARATOR PRODUCTION OIL TANK (CPO) ROLEK NUT CRACKER ROTARY BRUSH STRAINER FATS OIL TANK WINNOWING COLUMNS PURE OIL TANK PUMP VACUUM DRYER CLAY BATH Wet Shells DISPOSAL Wet Kernel KERNEL TRAY DRYER KERNEL SILO SAND SLUDGE PIT EFFLUENT TANK PURIFIER HOLDING TANK PUMP Project Planning 3 yrs before commissioning.. Submit all applications to the relevant authorities. Some of them are: MPOB - license DOE – effluent disposal PWD – access road Drainage & Irrigation Dept - river water Health dept – housing/ sanitation TNB – for power generation Mill Construction • Simple guide line 5,000 hectare will need a 30 tph mill. • Major Activities Crop Projection Mill site selection and verification Liaison with regulatory bodies Mill design Crop Decide whether the mill need to process...
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...M1: the role of energy in the body ATP (Adenosine triphosphate) is a source of energy for the body and the only form of usable energy in there body. ATP is what converts the energy found in food to energy our cells can use to allow them to function properly. The chemical energy of ATP can be transferred to other cellular materials or be converted to mechanical energy. The energy needed by the body is stored in the high energy bond, to release this energy and allow muscular movement, an enzyme called ATPase breaks this bond, and these leave two molecules of phosphate attached to the adenosine (adenosine diphosphate) and a free phosphate molecule. The food we eat, in the form of carbohydrates, fats and proteins, is used as fuel for reactions in the body that make us 'alive'. To utilise these fuels for muscle action, the body converts them to a common 'energy currency', called adenosine tri-phosphate (ATP), once converted to ATP, it can lose its chemical energy and it becomes ADP. We all need energy to move our body. In order to get energy, we need to eat right, then put ourselves to motivate for every day. If we have no energy in our body, we are dead by now. Glucose is a simple sugar that provides the body with its primary source of energy. This type of sugar comes from digesting carbohydrates into a chemical that the body can easily convert to energy. The carbohydrate is broken down into glucose by enzymes in precise stages that allow energy to be released so that it can...
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...The focus for this experiment is to cross breed two different species of fish in an attempt to combine certain traits of the two species in the offspring. Research suggests that breeding the common swordtail breed aka the Xiphophorus helleri and the common Platy breed aka Xiphophorus maculatus will result in viable offspring that have the swordtail trait.The objective of this experiment is to determine what percentage of offspring will get the swordtail trait. Research Question:When breeding six female platies to two male swordtails how many offspring will have the swordtail trait? Hypothesis: If six sixe female platys bred with two male swordtails then I believe that fifty percent will have the swordtail trait. Background Research Scientific names of fish Kingdom-Animalia Phylum-Chordata Class-Actinoptergii Order-Cyprinodontiformes FamilyPoecilidae Scientific name-Xiphophorus maculatus “platy” Scientific name-Xiphophorus hellerii “green swordtail” (Source:http://www.itis.gov/) Platies are little freshwater 5.1-6.4cm fish that live for 3-5 years they were found in South America and now are household pets. Females have a fan shaped anal fin with wide bellies and a dark gravid spot witch is a sign that they are pregnant and as the fish gets more pregnant the gravid spot becomes darker and darker . Males on the other hand have a rod like anal fin and the fish are smaller than the females. A good ideal living environment these freshwater fish need to...
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