Lay was responsible for the crisis as approval of the actions of Skilling and Fastow was done without inquiring about the details. He was also involved by making false statement to the auditors, bankers, indulging in wire frauds, conspiracy, money laundering and securities fraud. Moreover, he was a hippocrat who announced to investors to buy the stock as it is predicted to reach a level of more than $130 and at this point he sold his shares knowing the financial crisis of the company. Moreover he
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ISSN 1940-204X Koss Corporation Corporate Governance, Internal Controls, and Ethics: What Went Wrong? Melanie O. Anderson Slippery Rock University INTRODUCTION THE ACCOUNTING FUNCTION Koss Corporation is a Milwaukee company whose principal business is the design, manufacture, and sale of stereo headphones and related accessories. Michael Koss is the CEO; his father, John Koss, founded the company in 1958. The company has trademarks and patents for its products to differentiate
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also known as Coalgate Scandal. Coal mining controversy is a political controversy highlighting the nation’s irregularities in the matter of handling national coal deposits. Another scam in a history of Indian, Coal mining controversy is major fraud in 2012, which involved Rs 1, 86, 000 Cr losses to exchequer. This is serious allegation against Prime Minister of India Dr Manmohan Singh who is in a serious scrutiny of the CAG which leads to protest against the leading political party NCP and
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Rising Cyber Terrorism and Role of Law in India Abstract: This paper makes an attempt to realize how cyber-crime and the measures to contain it are implemented in India. With the rise of global terrorism, terrorists are more inclined to use the vast internet for their nefarious activities. Something that they can accomplish without them physically being present and having the assurance of not being caught has promoted this form of terrorism all the more. In this paper an attempt has been made to
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Fraud Case on Phar-Mor, Inc. Introduction Phar-Mor, Inc. was one of the top ten deep discount store that grew rapidly in a short period of time during the 1980s. Phar-Mor pricing strategy was to sell products at an even greater discount than other deep discount stores like Wal-Mart. While the practice of selling at such low cost attract customers, Phar-Mor was experiencing losses. The prices were cut so low that profit would not be generated. And this was how the fraud began. To prevent the truth
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. Do you think it is ethical for social networks to sell access user information to business for market research and other users? Why or why not ? 1.Spamming - Social Networking Sites can sell one's personal information to anyone who wants to buy it, including spammers and on line predators. Even if the terms of understanding claim that no personal information will be sold, the site can change its policy at any time. social networking sites like Myspace and Bebo are full of spam and scams! Many
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haven’t come to bear” (“The Cost and Benefit of Sarbanes and Oxley,” 2014, p. 1). This article also goes and talk about the cost and benefits of the Sarbanes Oxley Act 2002. SOX restrictions pushed several fraud-prone companies to go private. These was mainly the smaller companies that were fraud prone. I believe overall Sarbanes Oxley Act 2002 was good for the consumer and economy. Yet, it’s still undetermined that the SOX Act 2002 led to the crash of the economy in the 2008. Sarbanes Oxley
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Course AC557:01: Internal Control Assessment and Design Unit 5 Final Project: Adelphia Introduction This case analysis is about the Adelphia Corporation fraud that was considered to be one of the massive corporate scandals in US history. This company did not receive as much television and news exposure as Enron and WorldCom, but the fraud the Rigas family had engaged in caused the company to sustain tremendous losses. Adelphia was considered a family owned business to the Rigas family members
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Licensed to: iChapters User Licensed to: iChapters User Fraud Examination, Fourth Edition W. Steve Albrecht Chad O. Albrecht Conan C. Albrecht Mark F. Zimbelman VP/Editorial Director: Jack W. Calhoun Editor-in-Chief: Rob Dewey Sr. Acquisitions Editor: Matt Filimonov Associate Developmental Editor: Julie Warwick Editorial Assistant: Ann Mazzaro Marketing Manager: Natalie Livingston Marketing Coordinator: Nicole Parsons Content Project Management: PreMediaGlobal Sr. Manufacturing
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Is company should be held liable for identity theft due to the integrity of ethical responsibility Alejandrina Cleary BIS/221 May 18, 2015 Joseph Mills Is company should be held liable for identity theft due to the integrity of ethical responsibility Even though I believe that companies can protect their consumer, like Facebook can have a system in place for people information. So that people personal information is not a threat. The ethical in technology can be a gray area
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