What exactly was the "mensalao" scandal? It was an alleged scheme that embezzled public funds to buy political support for the then Lula government and to pay off debts from election campaigns. The central accusation was that politicians from coalition parties were given large payments each month to support the minority government led by the Workers’ Party. The scandal nearly caused the Lula administration to collapse. How did the affair come to light? The scandal broke in 2005 when a congressman
Premium United States Congress Prison Brazil
reality for many Americans. This devastating loss left many taxpayers with misappropriated assets along with a burden to pay the “bill” for the bailout of AIG. PART I: HOUSING MARKET SCANDAL: VIOLATIONS IN BUSINESS OPERATIONS To understand the accounting scandal of AIG‚ one must first understand its business transactions and operations leading up to the SEC investigations. In 1993‚ President Bill Clinton signed into law the Omnibus Budget Reconciliation Act‚ commonly
Premium Insurance Federal Reserve System
Rampart Scandal By: Cindy Medina Cindy Medina CJCU 403 John Strain April 15‚ 2012 Rampart Scandal in the LAPD Department Growing up everyone has been told stories of cops and how they represent being hero’s. Cops are supposed to save peoples lives and stand up against crime and violence but the stores we have been told are not exactly one hundred percent correct. The LAPD was involved in one of the most talked about scandals known as the Rampart Scandal
Premium Police Police brutality Rampart scandal
in the scandal‚ including the then senior Xerox management‚ the Board of Directors and external auditor KPMG LLP. The failure of those parties in discharging their duties induces the further thought of trust and accountability among them and shareholders. Furthermore‚ the external environment in 1990s‚ including economic bubble boom‚ irrational investors‚ fierce industrial competition and ineffective regulations on audit‚ provided a hotbed for the scandal. Lessons learnt from Xerox scandal indicate
Premium Auditing Audit Financial audit
An analysis of The School for Scandal‚ by Richard Brinsley Sheridan “The School for Scandal” by Richard Brinsley Sheridan is generally considered as one of Richard masterful play that represents a comedy of manners. This play satirizes the deeds and customs of upper classes brought out through a witty exchange of ideas and a convoluted plot with comic situations that are utilized in order to describe the shortcomings of the characters. In regards to characters‚ the play entails stock type characters
Premium
Running head: CORPORATE SCANDAL 1 Sheri Bardot Ashford University OMM 640 Business Ethics and Social Responsibility Prof. Tricia Devin Corporate Scandal in America: Week 6 March 17‚ 2012 COROPORATE SCANDAL 2 The unethical business practices of Enron‚ Leman Brothers and
Premium Business ethics Subprime mortgage crisis Enron
This paper will explain the fraudulent accounting practices that led to the collapse of Worldcom. Other objectives of this paper will be to demonstrate how these activities were able to go undetected. Also‚ what motives drove the individuals involved to commit these acts. And finally the ethical accounting issues involved. Worldcom got its start as a small discount long distance provider in Mississippi. Founded by Bernard Ebbers and a number of others the idea for Worldcom was simple‚ buy long
Premium Bond Fraud Corporate governance
The Bofors scandal was a major corruption scandal in India in the 1980s; the then Prime Minister Rajiv Gandhi and several others were accused of receiving kickbacks from Bofors AB for winning a bid to supply India’s 155 mm field howitzer. The scale of the corruption was far worse than any that India had seen before‚ and directly led to the defeat of Gandhi’s ruling Indian National Congress party in the November 1989 general elections. It has been speculated that the scale of the scandal was to the
Premium Rajiv Gandhi Indian National Congress India
Lewinsky scandal * The Lewinsky scandal was a political sex scandal emerging in 1998‚ from a sexual relationship between United States President Bill Clinton and a 22-year-old White House intern‚ Monica Lewinsky. The news of this extra-marital affair and the resulting investigation eventually led to the impeachment of President Clinton in 1998 by the U.S. House of Representatives and his subsequent acquittal on all impeachment charges of perjury and obstruction of justice in a 21-day Senate
Premium Bill Clinton United States House of Representatives President of the United States
National TV and lying to the public. Imagine that President then getting caught. This is the Scandal that caused the first ever resignation in United States History‚ Watergate. The Scandal involved approximately 70 people‚ but only 25 were actually found guilty. Many people who were found guilty were some of President Nixon’s top officials. Including G. Gordon Libby‚ John Dean‚ and H. R. Haldeman. The watergate scandal resulted in a loss of trust in the federal government‚ many people being found guilty
Premium