U.S. Securities and Exchange Commission

falsified. Background In 1987, Ramalinga Raju established Satyam, with his brother and brother in law, for providing software development and consultancy services to large firms. The company became public in 1991 and was listed on the Bombay Stock Exchange (Balachandran 2015). Over the years, Satyam endorsed various subsidiaries such as Satyam Enterprise solutions Pvt. Ltd, Satyam Infoway Pvt. Ltd and Satyam Renaissance Consulting Ltd. In 2003, Satyam signed a long-term contract and began…

He was acquitted by the jury on two other securities fraud counts. On May 21, the case went on trial, less than a month ago - an interesting reminder to us in India that it shouldn't take years to decide if someone is innocent or guilty. II. Indian Frauds 1. Satyam scam The Satyam scandal was a…

Many people testified, some more than once. The "Lewinsky Scandal, sensation that enveloped the presidency of Bill Clinton in 1998-99, leading to his impeachment by the U.S. House of Representatives and acquittal by the Senate" (Columbia Electronic Encyclopedia 1). It all started when Monica Lewinsky became an unpaid intern at the White House in June of 1995. By November of that year, Lewinsky and Clinton had been having a sexual relationship. Lewinsky had eventually went from being an intern…

In the case of Bernard Madoff, the problem was to learn how to avoid unethical behavior amongst businesses. Bernard "Bernie" Madoff's Wall Street career began in 1960 and ended Dec. 11, 2008, when he was arrested amid allegations he operated a $50 billion Ponzi scheme. He pleaded guilty to 11 felony counts on March 12, 2009, and was sentenced on June 29, 2009, to the maximum sentence of 150 years behind bars. The “Ponzi Scheme,” named after the 1920’s swindler Charles Ponzi, is a ploy where…

[Explain your choice of methods, key assumptions, and valuation results here.] A violation of The Foreign Corrupt Practices Act consists of 5 elements: 1) make payments to foreign government officials 2) to assist in obtaining or retaining business. 3) Payment to a foreign government official 4) With a corrupt motive 5) to influence the foreign official in his or her official capacity, or induce the foreign official to do or omit to do an act in violation of his or her lawful duty Along with…

The Association of Certified Fraud Examiners (ACFE) defines fraud as “deception” or misrepresentation that an individual or entity makes knowing that it could result in some unauthorized benefit to the individual or to the entity. Approximately 10% of incidents concerning in white collar crime is fraud. Financial statement fraud occurs in many ways which results into understatement of liabilities or expenses and overstatement of revenue and assets. However, corporations hire forensic experts to…

get a full understanding. They were swallowed or ingested. From my understanding, it was once considered to be one of the biggest drugs in the U.S. It is a sedative and hypnotic drug and was used as a barbiturate substitute. They were originally imported from India and were developed to aid sleep. However, by 1984 the DEA eliminated Quaaludes from the U.S because of their high abuse percentages. However, in the movie in one specific scene, Belfort takes way too many and looses his ability to…

In the states of Virginia and New York, trades secrets consist of, “of a formula, process, device, or compilation which one uses in his business and which gives him an opportunity to obtain an advantage over competitors who do not know or use it.” Trade secrets are typically protected by nondisclosure agreements. For example, Virginia is one of several states that have adopted the Uniform Trade Secrets Act; however, New York has not yet adopted the Uniform Trade Secrets Act The damages for theft…

named Helane Morrison investigated and exposed the security law violations that cheated investors and endangered the world's economies. According to the Project Eve article, “How Helane Morrison is Shattering the Glass Ceiling in the Corporate World”, her oversight and enforcement actions targeted the fraudulent security sales, market manipulation and insider trading so effectively that the US Securities and Trade Commission named her Head of Commission and Regional Director in 1999. The…

Italy gets back stolen gold cart of Etruscan prince from Denmark A whole host of looted Etruscan treasures, including a Princes' golden carriage will begin arriving back in Italy later this year after spending the last forty years on display at a Danish museum. The priceless artefacts were stolen from the necropolis of in Eretum, the remains of an ancient, pre-Roman city in Lazio and sold to Copenhagen's Ny Carlsberg Glyptotek for 1.2 million Swiss Francs in the 1970s. Since 2008 Italian…