St. Bernard

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

F for Wellesian Orson Welles had a long career full of unexpected rises and falls that was marked by his personal desire to wow audiences and habitual straying from conventional means of entertainment. From his The War of Worlds broad cast that caused audiences to fear for their lives, to his performance in The Third Man, Welles strove to be memorable and invite audiences to rise to his standards of entertainment. He fancied himself a magician; a theme that helped progress his 1973 film F for Fake

1. How did trust and greed concepts intertwine within the Bernie Madoff Ponzi scheme? The majority of Wall Street trusted Madoff, and this included the biggest names on Wall Street. This is because of the 47-year career on Wall Street that Madoff had, and the reputation he built with business techniques that streamlined the execution of trades for other investment companies. His reputation was so respected that his firm was responsible for handling more trading volume on Wall Street than any other

Bernie Madoff, the founder of Bernard L. Madoff Investment Securities, ran one of the biggest schemes in history. Bernie Madoff stole $65 billion dollars from his investors over the course of two decades. He stole money from victims such as Steven Spielberg, Kevin Bacon, Carl Shapiro, thousands of wealthy retirees, charities, and supposedly sophisticated financial firms. He convinced them to give him their money by falsely promising profits in return. He was caught in December 2008 and pleaded guilty

Tay-Sachs disease is a rare genetic disorder. Nathan Harney was only 10 months old when he was diagnosed with this fatal disease. At an early age, he started to lose his skills and had consistent seizures. He couldn’t walk, sit, or stand on his own. During a careful eye examination, Nathan’s doctor found a cherry red spot in his eye which led him to the conclusion that he suffered from Tay-Sachs. Later, after he had genetic testing, Nathan was officially diagnosed with the genetic disorder Tay-Sachs

Bernie Madoff is a perfect example of how unethical behavior can turn into corruption. Madoff, a former investment and stockbroker, was formally introduced to the world as the 'sole' operator in the largest Ponzi scheme on record. Madoff turned his financial management company into a colossal Ponzi scheme that swindled billions, from thousands of his investors. According to federal investigators, Madoff's Ponzi scheme began as early as the 1980's and continued to operate under sheer deception and

“The man who committed this horrible fraud is not the man whom I have known for all these years”. This quote is from Ruth Madoff, the ex-wife of Bernie Madoff. Bernie Madoff is notoriously known for being charged with eleven felonies and stealing over $65 billion from investors. In the end, the rest of his days were restricted by spending life in prison. When money became a priority within the lives of Death of a Salesman by Arthur Miller, A Raisin in the Sun by Lorraine Hansberry, and The Great