Bernard Lefkowitz

In the present day forensic accounting plays a huge role in many of the court cases publicized by the media. With the spotlight on the profession, this is a good opportunity to discuss the following topics: 1) Five skills that a forensic accountant needs to possess. 2) The role of a forensic accountant within a courtroom environment. 3) Analyze the legal responsibility a forensic accountant has while providing service to a business. 4) Examine two cases where forensic

Bernard Madoff’s Ponzi Scheme Successful millionaire, Wall Street celebrity and esteemed philanthropist who ran the largest Ponzi scheme turned in by his own children. Some of the laws he broke include: securities fraud, wire fraud, money laundering and mail fraud among others. As a result of his scheme and disregard for the law many people were affected and lost their savings and retirement plans. The consequence to his actions: life in prison and all of his belongings auctioned off by the U

The Fixer In the novel, The Fixer, the author, Bernard Malamud, presents to us a poor Jewish handyman living in Russia during the early 1900’s, before the Russian revolution had begun. Destroyed by his wife’s disavowal, Yakov Shepsovitch Bok leaves his shtetl in search of opportunities for a better life. After a few months of desperate searching, Yakov sneaks out of the ghetto to look for work among the goyim. As he searches the streets, he stumbles upon a man who lay drunk on the floor. Yakov

Madoff Andrea L. Nolt Strayer University Intro to Business Professor Karina Arzumanova August 21, 2011 Bernie Madoff Bernard Lawrence “Bernie Madoff” is an American former stock broker, investment adviser, non-executive chairman of the NASDAQ stock market, and the admitted operator of what has been described as the largest Ponzi scheme in history. (Bernard Madoff, 2011) This paper discusses the massive Ponzi scheme that Mr. Madoff created and those that were affected by it. 1. Describe

fraud. WorldCom has had a bumpy road throughout their history. WorldCom merged with many different companies just to keep staying afloat. On December 8th, 1983 WorldCom was planned. In 1985 they started piecing the pieces together and they named Bernard Ebber, an investor of LDDS, its new chief executive officer. At this point in time WorldCom was known as LDDS. This company was known to the public in 1993. LDDS made a stock deal with IDB Communications Group Incorporated that helped LDDS work with

Citizen Kane is a movie that can be rewritten and implemented into any film created today. In many ways, the storyline tells us more about ourselves than anything else and it relates to each one of us who has ever wished for a blah blah life. From his flamboyant adventures to the blah blah to his political agenda in his later years. Every film that came after Citizen Kane owes a great deal to Orson Welles because of the way he used music, shadows and lighting, and special effects, which without

2001 marked the year for the occurrence of one of the largest scandals in accounting history. The scandal overall stunned the accounting economy. The former CEO of WorldCom, Bernie Ebbers was the prime individual to blame for the scandal. Consequently, Bernie Ebbers’ costed the company more than $3.8 billion in expenses, with over 17,000 employees losing their jobs, including the CFO, and COO (Hancock, 2002). Though it has been more than a decade, the impact of the WorldCom Scandal on the accounting

consisted of giving these last ones $2 billion worth of preferred stock in Santander, which would pay a 2% dividend. Also, Union Bancaire Privee, had claims against them, for investing in Madoff. The company agreed to pay $500 million to resolve Bernard Madoff trustee's claims, which resulted in a discharge of the client’s claims. Bank Medicini was another bank to be sued by its customers in the US and in Austria. The bank reported that two of their funds were affected by Madoff’s scheme. This

On Wednesday of March 15, 2005,  Bernard Ebbers who was former CEO of WorldCom received a verdict of 25 years of prision. He was accused of one of the biggest financial frauds. “WorldCom, now known as MCI, filed the largest bankruptcy in U.S. history in 2002. The company's collapse led to billions of dollars in losses for shareholders and employees. Ebbers was convicted in March of nine felonies that carried a maximum prison term of 85 years.” (Crawford). An extensive investigation lead to the discovery

Psycho is a classic horror/thriller directed by the legendary Alfred Hitchcock made in 1960. It followed Marion Crane (Janet Leigh), who stole $40,000 in order to be with her lover, and stopped at the Bates Motel, owned by the psychotic split-personality Norman Bates (Anthony Perkins), along the way, and is murdered by Bates, which catalyses an investigation into Norman and his mysterious mother. Psycho explored in-depth the psychosis of its characters and how it connected to Kübler-Ross model of