The Fraud By Dan Jackson

Pamela Colloff’s “The Innocent Man,” is an eye-opening, gut-wrenching essay in which Colloff beautifully takes a high complexity prejudiced case of a guilty murder verdict and successfully brings to light her inspiring character Michael Morton’s true innocence in a flawed justice system. Suspense, sadness and frustration are effectively provoked from the reader about Michael’s tragic nightmare which persists for over two decades of time. A nightmare which begins when Michael returns home from work on August 13, 1986, to find out his dead wife was beaten to death in their bed. This is only the beginning of what Colloff unfolds in her writing of Michael’s twenty-five-year agonizing battle behind bars. Step by step Colloff’s marvelous writing

Phar-Mor, Inc was a thriving discount grocery store in the late 1980’s. Phar-Mor was moving product quickly but profit margins were not significant enough to pay the bills. By the early 1990’s, Phar-Mor declared bankruptcy due to fraudulent financial reporting and misappropriation of assets, making it one of the largest frauds in U.S. history. Below, we will use auditing standard AU 316.85 Appendix A in conjunction with the video “How to Steal $500 million” to analyze how incentives/pressures, opportunities, and attitudes/rationalizations allowed for fraud to start and continue at Phar-Mor.

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

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,

Between the time of the American Revolution and the Civil War the U.S. had no national paper currency. Chartered banks and their privately issued notes proliferated. Countless banks issued paper money in a bewildering variety of denominations and designs—more than ten thousand different kinds by 1860. Counterfeiters flourished amid this anarchy, putting vast quantities of bogus bills into circulation. The Continental was America’s currency. In Stephen Mihm’s, A Nation of Counterfeiters, Mihm weaves a historically based tale of how a shady lot of counterfeiters thrived under the American capitalist system, and then explains how the federal government effectively dismantled the archaic monetary system and in turn ended the counterfeit economy it sustained.

Jeffrey Reiman, author of The Rich Get Richer and the Poor Get Prison, first published his book in 1979; it is now in its sixth edition, and he has continued to revise it as he keeps up on criminal justice statistics and other trends in the system. Reiman originally wrote his book after teaching for seven years at the School of Justice (formerly the Center for the Administration of Justice), which is a multidisciplinary, criminal justice education program at American University in Washington, D.C. He drew heavily from what he had learned from his colleagues at that university. Reiman is the William Fraser McDowell Professor of Philosophy at American University, where he has

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Dan is an authoritative young man. He believes that everyone should take everything he says to be the right thing. Having grown, for the better part of his life as the only boy in their home, he developed some sense of responsibility for his sister and mother. As per the societal norms, a male child should look after the welfare of the female siblings. The perspective, coupled with the age at which his father left the house, the boy may feel that he has had enough experience for him to talk and be heard by his peers. In the absence of his father, he developed the idea that, being the only male

The Student Loan Scam is an interesting book that details all the information that people need to know about, the good and the bad. It is interesting and an easy read, but can be better understood through the use of theories. The theories we find in this book are Power Elite Theory, Karl Marx’s Surplus Populations, Monopoly Capitalism, the Education Industrial Complex, Anomie, and Labeling Theory.

The reason why a person wants to go through with a plan or certain action is called motive. There are many different examples of motives and the people who had those motives. The person may or may not follow through with an action depending on how much the motive drives the person. In The Great Train Robbery by Michael Crichton, Edward Pierce has a motive for committing a very difficult crime. Pierce’s motive for committing this crime is to seek more power for himself. Even though he is already well-off, Pierce wants more power so he commits the train robbery.

In this case we are introduced to Jake Markos, a computer programmer at ALAC Marketing. Jake is posed with the ethical dilemma of whether or not to include secret spyware in a survey software he’s developing for the Diabetes Foundation, with the intention of attaining and marketing to the foundations donor’s emails. Jake is very much an introverted person and likes his job at ALAC because it challenges him, he can work alone for the most part and dreads the process of job hunting. Jake encountered this ethical dilemma when his boss, Nathan Brooke who is well aware of Jakes capabilities and vulnerabilities, suggests that he should include an extra line of code within a surveying software Jake had been working on.. Nathans intention was to acquire the email information of the wealthy donors of the Diabetes Foundation in order to market Circulex, an expensive pharmaceutical drug beneficial to diabetic’s blood flow, to them. The Circulex contract was a very profitable one for ALAC and Nathan’s main objective was to satisfy it. After suggesting Jake add in the spyware to the foundations survey, Nathan then went on to suggest that if Jake didn’t do it he would have to look for work elsewhere. Knowing Jake’s docile, introverted personality traits and essentially threatening him with termination, we can already see Nathan manipulating Jake into doing the task, regardless of Jakes moral hesitations.

This is opposed to strain theory which argues that social and personal strain “force the hand” of individuals and cause them to commit crimes. However, the weakness of this theory in regards to white-collar crime is the question of why those who've already gained financial success wish to seek more of it through illegitimate ways, particularly if they earned their initial success in a legal manner.

When reading "The Transaction" I found myself relating to both men but in different instances. While Dr. Brock seems to enjoy writing as a means of 'letting go', it seems William Zinsser does it primarily for professional reasons rather than for a sense of enjoyment. Personally, I find myself writing for both ways and seeing the task of writing relatably to both Dr. Brock and William Zinsser. For example, when I am at home and am writing stories or writing casually about something I'm interested in, I usually enjoy it and find it relatively easy. When I'm writing a story and run out of ideas I usually let it sit a couple of days until I come up with something new- just as Dr. Brock does. However, when I'm writing a research paper or an essay/assignment

High school students sit bored in their class as the aged and less-than-spry Ms. Santos prattles on about past participles and the Spanish language. One or two students are engaged in the active lecture, while others sit back, scrawling doodles onto blank notebook paper to make it appear as though they were paying attention, masters of deception. However, one such “master of deception,” Michael arrives home this evening, his backpack sliding backward from his shoulders and down his arms onto a dining room chair as a yawn escapes his diaphragm. He begins to unwind as he walks into the living room, tossing his coat lazily onto the back of a worn green recliner before falling into a sofa at the opposite end of the room. Ignoring the pleas for attention from the blond labrador at his feet, he stretches forward, fetching the remote on the coffee table and flips on the television without a second thought out of habit if nothing else. He slides into the couch cushion, finding comfort in the squishy sanctuary after a long day at school and an equally unimpressive Spanish lesson. When his mother rushes through the door at five twenty-five p.m. promptly, she is ushered into her office by an urgent phone call from a business associate. When she finally emerges ten minutes later, her faux interest is unfaultered as she interrogates him about his day, what did he learn? Well, like many other “masters of deception,” he certainly didn’t retain anything about past participles and Spanish,

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).