Sam Antar Case Summary

In this case, there are several conspirators who is involved in the fraud receiving punishment from either SEC or federal government. Robert Levin, the AMRE executive and major stockholder, and Dennie D.Brown, the company’s chief accounting officer, were subject to the punishment in the form of a huge amount of fine by the SEC and the federal government. This punishment came from reasons. After AMRE going public, the company have the obligation to publish its financial reports but its performance did not meet expectation. The investigation by SEC shows that Robert took the first step of this scam, fearing the sharp drop of AMRE’s stock price because of the poor performance of company. He abetted Brown, to practice three main schemes to present a false appearance of profitable and pleasant financial reports. Firstly, they instructed Walter W.Richardson, the company’s vice president of data processing, to enter fictitious unset leads in the lead bank and they originally deferred the advertising cost mutiplying “cost per lead” and “unset leads” amount, so that they deferred a portion of its advertising costs in an asset account. The capitalizing of advertising expenses allowed them to inflate the net income for the first quarter of fiscal 1988. Secondly, at the end of the third and fourth quarters of fiscal 1988, they added fictitious inventory to AMRE’s ending inventory records, and prepared bogus inventory count sheets for the auditors. Thirdly, they overstated the percentage

The organizational structure of Phar-Mor was ineffective and lacked many control activities including: segregation of duties, authorization, documentary and IT controls. As a result, Phar-Mor’s president had a stronghold on certain upper level management and executives which gave him the opportunity to control the fraud and hide it from other members of the organization and supposedly Phar-Mor’s auditors, Coopers and Lybrand LLP.

There are some many political, economic, social issues that social workers and even families faces. In the Sanchez case, immigration laws plays a huge part in their family. There are members of the Sanchez family that are undocumented and could face deportation if caught. The family needs immigration resources that will assist them with the adoption of the grandson and with Roberto in their home. Emilia, which is the daughter of Hector and Celia, was born in the United States. However, she could be denied citizenship because of her drug problem. This will show “poor moral character” which is under the immigration law (New Directions in Social Work, n.d.). Also, the Sanchez family faces financial problems. Due to undocumented status of some of members, the Sanchez family cannot take advantage of the resources that may help them with their financial problems. Roberto, which is the undocumented nephew of Celia, was injured on the job and because of his status is unable to receive any financial assistance like worker’s compensation. This cause financial issues for the household. Social issues has also plaque this family. Emilia has had an abortion which is against the belief of the family. They are devout Catholics and do not believe in abortions. Vicki, which is the daughter of Celia and Hector, has been diagnosed autism. The family has not seek out resources for the daughter. I believe the family may be ashamed of her and is not

In July 1987, the Commission was contacted by one Mr. Arnold Spindler who accused Eddie Antar and Sam E Antar of committing fraud by inflating profits of the company.

Fraudulent financial reporting is one form of corporate corruption and may involve the manipulation of the documents used to record accounting transactions, the misrepresentation of accounting events or transactions, or the intentional misapplication of Generally Accepted Accounting Principles (GAAP) (Crumbley, Heitger, and Smith, 2013). Examples of fraudulent schemes befitting of this category abound and usually involve financial statement items that have been misclassified, omitted, overstated, undervalued, or prematurely recognized. One case involving CEO Bill Smith of Moonstay

Andrew Sanchez was a college pitcher for California State University at Northridge (CSUN). During one of his competitions he was struck by a line drive of an aluminum bat. He filed a suit against the bat manufacturer and other organizations stating that the bat design of this specific bat posed a significant increase of inherent risk in the sport of baseball, specifically pitchers. However, prior to the start of the 1999 baseball season, Sanchez signed a disclaimer form recognizing that playing carried a risk of injury. The defendants motioned for a summary judgment proclaiming the primary statement of the risk and that the plaintiff would be unable to prove the exact cause of his injuries. The trials court eventually granted the summary judgment when it

Charge: “She did on or about 11/10/2015 unlawfully assault and batter Amoni Whitfield, in violation of 18.2-57(A) of the 1950 Code of Virginia as amended.”

scene, and as a result he held his gun towards Sammy and demanded him to put down his knife. As a result, he put down his knife, and commenced to yell on the public bus. Officer Forcillo felt immediate peril which resulted in three shots fired by the police officer. Sammy Yatim was pronounced dead at the scene. The officer was found culpable of second-degree murder not because Sammy was a malefactor, however unnecessary to kill another knowing he could result a threat to public. As police policy he could not utilize licit force against someone who can be in a solemn situation. Furthermore, another case at the Vancouver international airport who involved a polish immigrant denominated Robert Dziekański who arrived to Vancouver for the first

In Taney’s opinion on the Scott vs. Sanford case, he reasons why the court’s decision to refuse Dred Scott’s citizenship was the right one. Taney pulls from multiple sources, such as the declaration of independence, the constitution, and congress to void Dred Scott’s case. With a stoic tone, Taney meticulously tears Scott’s claim to shreds. Taney does not believe that Dred Scott is entitled to citizenship. In his written opinion, he conveys this in the most professional way possible.

In Bob Adelmann’s article, he describes a situation where the United States Supreme Court ruled unanimously that a person cannot be incarcerate if he is awaiting trial. This decision occurred after the court reviewed a case where a man, Elijah Manuel, alleged that Joliet police officers assaulted him and arrested him after falsely reading a drug test. A county judge ordered Manuel to be detained in jail until his trail after another officer swore out a false complaint. After his charges was dismissed, Manuel released from seven weeks of jail time. Two years after the incident Manuel sued the the City of Joliet for violating his right of the Fourth Amendment by falsely arresting him and unlawfully detaining him after his arrest. His lost his

To begin, Adnan had a terrible lawyer. One year after Adnan’s trial, his attorney Cristina Gutierrez was disbarred, and $282,000 dollars were awarded to past clients she’d wronged with her shoddy legal skills. Not only did Gutierrez never challenge the state’s sketchy phone records, she never even contacted Asia McClain, a potential alibi witness for Adnan. Later, Gutierrez’s associate William Kanwisher signed an affidavit stating that she didn’t necessarily make a “strategic decision not to interview and/or call as a witness Asia McClain”. In other words, someone who knew Gutierrez extremely well at the time is admitting that she didn’t have a master plan formulated, she simply forgot about a potentially essential part of her client’s defense.

This case also informs us that Sam’s decision to be dishonest in his work comes after learning

This subject company in this case study is WoolEx Mills. The top management team at the Mills had to act fast to prevent the accusations charged upon them, so that they may venture deep into the United States market. In the process, they had to act in a way that will present the company’s financial statements; cash flows in a way that they did not show any suspicious fraudulent activities. The type of fraud in this case study is known as manipulation of accounts which involves the act of offering the accounts in the way they are not in reality.

Phar-Mor Inc. fell prey to greed from the top. Unfortunately, the auditing firm assisted the organization with the conspiracy to defraud the users of financial reporting, the government, and the stakeholders. The chief officers used the funds for personal usage and appropriated funds to functions that were not related to the organization business. The financial statements were riddled with material misstatements and fraud acts of theft were blatant. For example, the senior financial officers including the CEO grossly over stated inventory to hide losses.

In Crazy Eddie Case, a former CPA, Sam E. Antar, was a key individual who helped Eddie Antar mastermind one of the largest securities frauds uncovered during the 1980s. Sam admitted that he had no empathy whatsoever for investors because he never concerned about morality or the suffering of those victims. Next I’ll analysis Crazy Eddie Case from ethical perspective and use Ethical Decision Making Model to evaluate Sam’s possible behaviors.