Posts Tagged: computer glitch

Computers are great when they work……

Posted by & filed under Accounting Principles, Advanced Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting.

The Knight Capital Group announced that losses they sustained on Wednesday, August 1, were the result of a computer glitch and now threaten the stability of the Jersey City firm. At the heart of this, the firm lost $440 million when it sold stocks that it accidentally bought Wednesday morning. Questions: 1. On Thursday, what… Read more »

Dwelling House is no more

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

A Pittsburgh woman has pleaded guilty to bank fraud and money laundering for taking advantage of an online glitch that enabled her to make $1.1 million in overdraft withdrawals. Forty-six-year-old Jammie Harris learned of the glitch from another woman. That woman was indicted in January on charges that she stole more than $900,000 from Dwelling… Read more »