Kozlowski And Swartz And Nkok

Although the dollar amount of the stolen components may not be a significant percentage of CIT’s net income such fraud has a ripple effect for the organization. The type of fraud that occurred at CIT is misappropriation of assets; this results in incorrect financial statements and in turn lead to incorrect publication of earning and annual report, as CIT is a public company.

25In both works of literature, authors Milosz and Ionesco were influenced by the historical devastation known as the Holocaust. War and Nazism destroyed thousands of lives and many times these historical tragedies leaked into famous works. Milosz wrote the thought provoking poem “And Yet the Books.” His poem describes books as a separate world, a place to take an adventure and leave reality while slipping further and further into the pages. The stories become alive. However, soon the authors tell of sorrow as the stories are turned to ashes and left blank of the world they once kept. Although the story won't be lost, the books will live on and grow old keeping their young heart. People shall perish, but books live on. On the other hand Author Ionesco wrote the short tale referred to as 'Rhinoceros.”

Jordan Belfort is the notorious 1990’s stockbroker who saw himself earning fifty million dollars a year operating a penny stock boiler room from his Stratton Oakmont, Inc. brokerage firm. Corrupted by drugs, money, and sex he went from being an innocent twenty – two year old on the fringe of a new life to manipulating the system in his infamous “pump and dump” scheme. As a stock swindler, he would motivate his young brokers through insane presentations to rile them up as they defrauded investors with duplicitous stock sales. Toward the end of this debauchery tale he was convicted for securities fraud and money laundering for which he was sentenced to twenty – two months in prison as well as recompensing two – hundred million in

Over 6,000,000 died and only 900,000 survived. The Holocaust is one of the darkest moments in world history. Hitler was a German dictator who wanted to create a supreme race; blue eyes and blonde hair were some of the requirements. Because the majority of Jews did not fit that description, they were targeted. Thousands of them were sent to concentration camps to die, while others were arrested and killed. In an attempt to save as many lives as possible, many people hid Jewish refugees during the Holocaust. Three individuals who did this are Irena Sendler, Karolina Juszczykowska, and Raoul Wallenberg.

The criminal in this particular case, Mr. Steven Palladino, manages an ice cream store in his neighborhood of West Roxbury and as such is a widely trusted man. The trust he obtains be founded from having been born and grown here as well as having his entire family as the mascots for his fraudulent enterprise. Having studied finance and finally making his way successfully through college to become a registered stock broker, he makes use of his social status to start in the pursuit of a Ponzi scheme under the appearance of Viking Financial. On the flip side, his investors seem to have unwavering trust in him despite the location of his office, a small space above his ice-cream shop, where their investment is worth millions. Besides this, they disregard police appearance and possible warnings on their investment manager, Palladino’s lavish lifestyle, and fail to look at his record of unethical practice. Finally, they lose most of what they had, while Palladino receives an extended late jail term (CNBC PRIME,

White collar crime costs Americans tax payers an estimated “$300 billion annually” (White-collar Crime), but more importantly hurts millions of American emotionally and financially who put their trust in stock market and financial institutions. Surprisingly, even with the astronomical cost only a few perpetrators are ever indicted and even fewer receive any sort of punishment for their greed and selfishness. On October 1, 2014 Florida had witness a rare indictment of not one or two but three Florida bankers trying to side step FDIC into giving them a subsidy loan over $3 Million. Donald “Terry” Dubose, Frank A. Baker, and Elwood “Woody” West were all indicted on twelve different counts of banking-related fraud.

Rizzo used millions of the Public funds of Bell to provide loan facilities to his colleagues and friends, and he even purchased property improperly. He lent out around close to $130,000 to public officials who were to use the money to purely private interests, a move that heightened the scam. He bought a plot of land that was formerly owned by Bell’s former manager without properly documenting the purchase process or even stating the primary purpose for the

Most of the stolen property was given back to the celebrities. This story is a good example of how we as society focus too much on famous life and who’s going what that we have been distracted. The internet and the obsession with stars and everything they do is almost like brain wash. It has led many teens to hurting themselves, doing illegal things or even in some cases, killing themselves. When we spend all our lives trying to be like Kim Kardashian or Justin Bieber that we are in a sort of trance where we forget that we have our own lives to live. We can’t spend all of our time on earth trying to be someone we aren’t. We need to start to see ourselves as unique individuals and realize that the world doesn’t revolve around celebrities and what they do with their lives. We need to make our own lives worth more to us than trying to copy lives of

The Bell California trial was a corruption scandal that cost the small community of Bell California millions of dollars (Freeman, 2012). Robert Rizzo was the city manager of Bell. During his tenure, he along with several other city officials managed to increase their salaries and retirement pensions without the residence of Bell knowing it. Some of the amounts in increase far surpassed the head of the Los Angeles Police Departments salary. The salary and pension increases were done by illegal tax increases as well as other means that the taxpayers were unaware of (McGrath, 2013). Some of the monies were acquired by shaking down businesses for extra fees or threatened with their businesses being closed for failure to pay. The small community

What had happened in the "kids for cash" scandal was that Judge Mark Ciavarella and Judge Michael Conahan had received a finder fee from Robert Powell. It was seen as a bribe, however, because Ciavarella did not report it in his tax

Many times in a Ponzi scheme the offender targets people they do not know personally but not Madoff. He had family, friends, employees and even charities and non-profit organizations as investors. “He tapped local money pulled in from country clubs and charity dinners, where investors sought him out to casually plead with him to manage their savings so they could start reaping the steady, solid returns their envied friends were getting” (Colesanti, 2012). “Levy invested $100,000” for Dell’Orefice, who felt honored to be a part of the “exclusive fund” (Lewis, 2010). Sheryl Weinstein, who was a friend of Madoffs for nearly 24 years, lost her entire savings to Madoff’s Ponzi scheme. “The charitable foundation of philanthropist Carl Shapiro had invested about 45 percent of its assets ($345 million) in Madoff's fund” (Auerbach, 2009). It is “estimated that Madoff's scam cost Jewish philanthropies at least $600 million, and

In today’s society crime occurs everyday across all aspects of life. One particular crime is that of white collar and corporate level crime. It is important that we as a society study this type of crime in depth because many individuals believe that white collar and corporate level crimes are victimless crimes when in reality they have the potential to destroy major corporations and economies all with one single case. The news or media rarely talk about this type of crime because it is often difficult to understand and individuals typically lack interest in these types of cases. One particular case is that of Jordan Belfort. Dubbed the infamous “Wolf of Wall Street” Jordan Belfort is a former stockbroker who robbed investors of over $200 million dollars to create his wealth through “pump and dump” schemes, insider trading, money laundering securities fraud, and stock-market manipulation. As an attempt to further understand these complex cases I will break down Belfort’s case as far as the methods and means as to how he got started, his use of “pump and dump” schemes and other means as to how he acquired his wealth. In addition to this I will discuss the sanctions and disciplinary action that Jordan Belfort was given, how the case affected society and what new regulations were

Madoff was able to align himself with wealthy individuals, leaders involved in foundations, business entities, and government. This gave him unlimited access to different groups of investors. Among Madoff’s Ponzi scheme victims, it is easy to find wealthy individuals, charitable organizations, and its stakeholders, such as employees, communities, vendors, and even the government.

Jordan Belfort is the notorious 1990’s stockbroker who saw himself earning fifty million dollars a year operating a penny stock boiler room from his Stratton Oakmont, Inc. brokerage firm. Corrupted by drugs, money, and sex, he went from being an innocent twenty – two year old on the fringe of a new life to manipulating the system in his infamous “pump and dump” scheme. As a stock swindler, he would motivate his young brokers through insane presentations to rile them up as they defrauded investors with duplicitous stock sales. Toward the end of this debauchery tale he was convicted for securities fraud and money laundering for which he was sentenced to twenty – two months in prison as well as recompensing two – hundred million in

Under financial pressure, Minkow started to commit fraud. He forged credit card applications, staged theft, used bogus financial statements, and used his networking skills to entice wealthy investors. The most serious fraud he made was inflating the value of the company’s insurance restoration contracts (Knapp, 2006).