Saturday, December 28, 2019
Scams and Fraud in Stock Market - 5370 Words
INDEX SR NO. | CONTENTS | Pg No | 1. | What is stock market? | 1 | 2. | What is fraud? | 3 | 3. | Definition of fraud | 4 | 4. | Fraud law amp; legal definition | 5 | 5. | Definition of scam | 7 | 6. | When stock fraud occurs | 8 | 7. | Financial statement fraud | 10 | 8. | Features of security scam | 12 | 9. | How to spot stock scams | 13 | 10. | Avoiding stock market fraud amp; scams | 14 | 11. | Indicators for scams | 15 | 12. | Top 10 stock market scams | 16 | 13. | Top 10 scamster of India | 20 | 14. | Conclusion | 33 |â⬠¦show more contentâ⬠¦Fraud Law amp; Legal Definition Fraud is generally defined in the law as an intentional misrepresentation of material existing fact made by one person to another with knowledge of its falsity and for the purpose of inducing the other person to act, and upon which the other person relies with resulting injury or damage. Fraud may also be made by an omission or purposeful failure to state material facts, which nondisclosure makes other statements misleading. To constitute fraud, a misrepresentation or omission must also relate to an existing fact, not a promise to do something in the future, unless the person who made the promise did so without any present intent to perform it or with a positive intent not to perform it. Promises to do something in the future or a mere expression of opinion cannot be the basis of a claim of fraud unless the person stating the opinion has exclusive or superior knowledge of existing facts which are inconsistent with such opinion. The false statement or omission must be material, meaning that it was significant to the decision to be made. Sometimes, it must be shown that the plaintiffs reliance was justifiable, and that upon reasonable inquiry would not have discovered the truth of the matter. For injury or damage to be the result of fraud, it must be shown that, except for the fraud, the injury orShow MoreRelatedFinancial Crisis Of 2008 Struck The World1398 Words à |à 6 Pagesstruck the world, there were multiple business scams and schemes that became exposed, creating a colossal uproar and unrest around the world. When the stock market collapsed, people all across America took a hit, with 2.4 trillion dollars of the Americans peopleââ¬â¢s savings vanishing in just a few weeks. This financial crisis also brought to light an unprecedented amount of fraud, over exposing people who were cutting corners. One of the most famous scams that surfaced in late 2008 was operated and executedRead MoreAre You Just Starting Out In The Stock Market? If So, You1671 Words à |à 7 PagesAre you just starting out in the stock market? If so, you may be bewildered by the wide variety of stocks and wondering where to put your investment. Aside from the most dominant stocks, there are also other minor ones that are too small to be listed or have just come into the mark et. These are known as penny stocks and are known for their high risk and unpredictability - they may make enormous returns or the companies may go bust and you may lose all your investments. In this economic turmoil, sharesRead MoreProject on Satyam Scam1395 Words à |à 6 PagesSatyam Saga SATYAM SAGA Introduction: On 7th January, Wednesday, Satyam Computer Services Chairman B Ramalinga Raju resigns and disappears after confessing to the largest fraud of Rs. 7,136 crore in Indian corporate history. He admitted to committing a gigantic fraud that shook corporate India and the stock markets to the core. In a letter to the board, Raju, 54, unburdened his conscience and admitted that there was a huge hole in the companyââ¬â¢s balance-sheet created by reporting ââ¬Å"inflatedRead MoreMadoff, A Powerful And Revered Man By Wall Street1173 Words à |à 5 Pagescorrectly predicted that the buying and selling of stock would be computerized. He was able to generate a unique system that provided better prices that attracted new clientele. Madoff was known as a major player and earned a great reputation from Wall Street executives as a financial wizard. The reputation of his engagement and involvement in industry organizations eventually lead him in becoming a nonexecutive chairman of the NASDAQ stock market in the early 1990ââ¬â¢s. His success and reputation enabledRead MoreFraud As White Collar Crimes1581 Words à |à 7 PagesAbstract: We are hearing at least one scam per day on every corners of the globe, these days making scam or fraud is not a big task but the consequences after that are horrible, it effects many individuals lifestyle and even sometimes cost life of human beings Earlier Scams are restricted to some fields but now they are taking place in every field at any incidence of time. Scams are creating a doubt for us whether to believe to business, corporate companies and even our neighbours. TheseRead MoreThrough The History Of The United States And The History1414 Words à |à 6 PagesThrough the history of the United States and the history of corporate fraud, many infamous people and entities have taken advantage and abused the corporate system while finding loop holes or discrepancies to use in their favor. Corporate Fraud consists of activities undertaken by an individual or company that are done in a dishonest or in an illegal manner, and are designed to give an advantage to the perpetuating individual or company (Ivestopedia,1). Investors have been known to throw moneyRead MoreThe Madoff Scandal1070 Words à |à 5 Pagesinvestment advisory business was a giant Ponzi scheme, continue to widen. According to a criminal complaint filed by the FBI and a civil action brought by the Securities and Exchange Commission (SEC), the elderly Madoff estimated that the losses from his fraud exceeded $50 billion. The tally of losses already reported by banks, hedge funds and wealthy investors climbed over the weekend to nearly $20 billion. Banks and hedge funds around the worldââ¬âin the US, Britain, Italy, Spain, France, Switzerland andRead MoreMadoff s The Great Ponzi Scheme1242 Words à |à 5 Pagescheated investors worldwide in the biggest Ponzi scheme in American history stealing over sixty five billion dollars from his clients .His enormous ponzi scheme was essentially evil genius and because of this incredible con Madoff has become the face of fraud in the 21st century and someone who exemplifies the dark side of wall street. This is shown through the incredible amount of illegal business tactics that he had used and through his deceitful nature. Madoff s trickery ruined the lives of many peopleRead MoreComputer Services Scandal And The Media Scandal Essay1244 Words à |à 5 Pagesto know about the famous Satyam scam also known as Computer Servicesà scandal, and à quot;India#39;s Enronquot;(Enron was a US based company which was inflicted with a similar accounting fraud)the news grab by attraction I was eagerly starts reading that news and I was completely shocked after reading the news, because the news contains about biggest accounting frauds since ever. In the news it has been shown Mr. Ramalinga raju(master mind after all this fraud) ,the news unfold like that RamalingaRead MoreGlobalization Of The United States1377 Words à |à 6 Pagesbecause at times capitalism is centered on violence and submission. Capitalism puts enormous pressure on society to make capital. In the United States have seen a lot of fraud through the years, as well as other high profile crimes in which the fraud formed part. The most feared crime by companies in developed countries is fraud, even compared to other crimes such as theft and sabotage. Far from being under control, this scourge is helped by greater complexity in business, the increasing globalization
Friday, December 20, 2019
Hamlet, Fortinbras, and Laertes Unified Goal in William...
Though the words we say carry a very powerful meaning behind them, itââ¬â¢s important to remember that our actions speak louder than words. Hamlet, Fortinbras, and Laertes all played very important roles in William Shakespeares Hamlet, and in one way or another all seem to connect. Though they were all in different positions of power, had differing objectives, and even some wanting to kill each other, they all share a special connection that makes them vital parts of this classic revenge tail. Though the three men all share a need to accomplish a certain goal, they accomplish their goals with differently causing different outcomes for them in the end. The first important comparison and contrast to make between the three characters is that Hamlet and Laertes both share a common goal: revenge. Though Fortinbras is not on a revenge rampage like them, he shares with them the want to assert power and authority. Throughout the play, Hamlet is motivated by the idea of taking revenge against the man who murdered his father in cold blood, and after speaking with his fatherââ¬â¢s ghost, he vows to avenge his fatherââ¬â¢s death and make things right. Laertes is in a similar position to Hamlet. After returning to Denmark and learning of the death of both his father Polonius and Ophelia because of Hamlet, he comes in to meet with the king with blood boiling, vowing to get revenge on Hamlet for what he had done. Fortinbras does not display any overbearing attitude of revenge, but he certainly
Thursday, December 12, 2019
Childhood Is the Happiest Time of Ones Life free essay sample
As a result, there are higher dropout rates, and more young people committing crimes such as theft and robbery. Outline I. A Place Called Home has identified a distinct market segment of customers based on age; those who are under 21. The distinction is important because of the high percentage of clients with children, and those in the younger market segment having far younger children. The under 21 age group is growing annually at 9%. This group has165, 454 potential clients. The overwhelming majority of clients come from lower socio-economic population groups. These segments can be difficult to communicate with, yet their use of Transitional Housings services would give them some profound benefits. II. Desiree Smith is the driving force behind the organization andà fills the Executive Director role. Desireeà earned aà B. S. degree in Business from Bryant amp; Stratton Collegeà and a Masters in Sociology from Virginia Commonwealth University. Additionally,à she has several years of social service project management while working as the program manager of City of Richmond Department of Social Services. We will write a custom essay sample on Childhood Is the Happiest Time of Ones Life or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page During and since her tenure as rogram manager, Desiree has developed a comprehensive network of personal and professionalà contactsà with key community leaders. This will be instrumental in raising the profile of Transitional Housing within the community as well as having a significant impact on fundraising activities. III. A Place Called Home was founded as aà Richmond, VA based not for profit organization. The nonprofit will serve female clients ages 16-21 in need of transitional housing and life skills training. IV. The goal of theà organization is to provide transitional housing and skill trainingà so thatà clientsà become empowered, independent individuals. The services are unique in their female-only clientele, long-duration transitional housing,à and comprehensive empowerment program. A Place Called Home will make a significant impact on the Richmond community, in both short-term relief, and long-term skill development and empowerment. V. Real property will take the form of the old Motel 6 building located in the Willow Lawn area of West Broad Street. This building has been identified as an ideal facility for A Place Called Home. The asking price for the building is $2 million with $100,000 down. The building will need some renovation. A donor has approached us willingà to buy the building, with the intent of leasing it back to A Place Called Home long term, for the organizations use. Conclusion: As a member of the Board of Trustees you will play a vital role in the success of A Place Called Home, ensuring that A Place Called Home has adequate resources. One of the boards foremost responsibilities is to provide adequate resources for the organization to fulfill its mission. The board should work in partnership with the chief executive and development staff to raise funds from the community.
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