Charles Ponzi .. The Scandal !!! By: Rawan Al-Deraibi Class of: Prof. Alan J. Pan Who is Ponzi?!! Born in 1882 in Parma‚ Itlay‚ Charles Ponzi was the infamous swindler who payed out returns (To give money in exchange for goods or services) with other investors’ money. The "Ponzi scheme" is named after him. After running a highly profitable and expansive investment scheme‚ Ponzi was arrested on August 12‚ 1920‚ and charged with 86 counts of mail fraud. Owing an estimated $7 million‚ he pleaded
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SCHOOL OF LAW Year 2013-14 Term 1 LAW001 ETHICS AND SOCIAL RESPONSIBILITY Instructor: David N. Smith Practice Professor‚ School of Law Tel: Email: Office: 6828 0788 davidsmith@smu.edu.sg School of Law‚ Room 4044‚ Level 4 COURSE DESCRIPTION Issues of ethics and social responsibility arise in all professions and all aspects of life. The failure to anticipate‚ recognize and deal effectively with these issues can have serious implications for individuals‚ companies‚ governments
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Sahara and Ponzi schemes: What are the parallels? Dr KM Abraham‚ a former Whole-Time member of the Securities Exchange Board of India (Sebi) – the man whose original order led ultimately to a Supreme Court verdict forcing the Sahara Group to wind up two bond schemes and repay investors over Rs 24‚000 crore – made a brief allusion to Ponzi schemes in his order. While ordering two Sahara group companies‚ Sahara India Real Estate Corporation (SIREC) and Sahara Housing Investment Corporation (SHIC)
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A3 (Delete the “Topic No” for Assignment 2). B.2 Instructions for Assignment 1 1. Your report should contain the following sections in the order given below: Section 1: Introduction and Background Section 2: Discussion of Current Issues Section 3: Case
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In this mini case Mike Stephan is dealing with a very difficult situation because he is new to the accounting firm and wants to impress the superior accountants on his engagement team. While auditing for EarthWear‚ he makes a little mistake by spending too many hours looking at the wrong bank statements when he is not supposed to go over a total of 6 hours. Pressured by the senior on the audit‚ he is caught between lying about his hours or telling the truth and going over budget on the audit‚ potentially
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The issue in this ethics case regards Greg’s decision on reviewing his group mate Natalie’s poor teamwork. This analysis explains how to address the issue from each of the five ethical decision-making approaches. Each approach provides different ethical actions that help lead to a right decision. Even though there are different ways to determine which approach to use in Greg’s dilemma‚ the best approach to use in this situation is the justice approach. In the ethics case “Picking Up the Slack”
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November 26‚ 2013 Business Ethics Kiloton Hotel’s EarthCare Program There are many stakeholders in this case. Michael Pace‚ Kimpton Hotel’s West Cost Director of Operations and Environmental Programs‚ General Manager of another hotel in San Francisco and the main catalyst for implementing its EarthCare program. Kimpton Hotels‚ its board of directors‚ consumers‚ Tom LaTour‚ and Mike Dapatie were also directly involved and affected in this case. The benefits of Kimpton’s environmental sustainability
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Elizabeth Barrett September 15‚ 2012 MNGT 3100 - Dr. Johnson Ethics Case “A Good Team Player” 1) Describe the Situation Steven‚ a staff accountant in the accounts payable section‚ is confident that he knows the “ins” and “outs” of the bureaucratic organization he works in. Kristin‚ a no non-sense type of manager‚ has just been promoted the new manager of the accounts payable section. Steven believes people seem to gain promotions and have the opportunity to work overtime based on who likes
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Ethics Assignment The following paper will discuss the hypothetical research case given to us in problem 3-46 of our auditing textbook. The case depicts us as an audit firm that‚ during the current year’s audit of our client International Bank of Commerce (IBC)‚ has discovered some problems with loans that IBC has issued. First‚ the standards of the AICPA Code of Professional Conduct‚ the ASB auditing standards‚ and the PCAOB auditing standards that apply to this will be identified and discussed
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CASE BRIEFS: LEGAL ETHICS INTRODUCTION TO COMMON LAW CASE AUTHORITY 5th Semester 1. Togstad v. Vesely‚ Otto‚ Miller & Keefe‚ (1980) Facts: Mr. Togstad was paralyzed by negligent doctors. Mrs. Togstad approached Miller seeking legal advice on her malpractice case. After a standard interview‚ Miller stated that he didn’t think that she had a case. However‚ Miller never ordered medical records‚ nor did he advise her of the two-year statute of limitations. Mrs. Togstad relied on Miller’s
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