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Exploring the Mechanics Corporate Fraud

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Identify an appropriate example of corporate fraud and described the crime's mechanics, including the money involved.

Analyze and describe how the law enforcement agency investigated and prosecuted the crime.

Identify and describe the laws related to the case that were violated.

Analyze and provide rationale for the outcome of the case.

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This solution discusses the mechanics of corporate fraud.

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Identify an appropriate example of corporate fraud and described the crime's mechanics, including the money involved.

The case against WorldCom involved the largest accounting fraud up until the date when the case was resolved. Bernie Ebbers the co-founder and former CEO was charged with fraud and conspiracy in which his false financial reporting resulted in losses to investors totaling $11 billion dollars. The mechanisms of the crime were that the company "cooked the books", which mean they deliberately ...

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Raushaun Rigsby, MSc
Education
  • Associates of Arts , Lone Star Community College
  • Bachelor of Science , Sam Houston State University
  • Masters of Science, Kaplan University
  • Masters of Science , Kaplan University
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