How Common is Securities Fraud?

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According to a new study, ten percent of public companies commit securities fraud each year. Questions: Source: Livni, E. (2023) Just How Common Is Corporate Fraud? The New York Times, Jan. 14 (Retrievable online at https://www.nytimes.com/2023/01/14/business/dealbook/how-common-is-corporate-fraud.html?)

A $5 Million Fraud Against Hundreds in California Results from Postal Theft and Fraud

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According to the California Attorney General, 56 individuals involved in a scheme resulting in the theft of nearly $5 million from hundreds of people in a widespread mail theft and postal fraud operation. Questions: How many suspects were arrested as part of the fraud? Out of which counties were the suspects operating? What will the… Read more »

Amityville Horror?

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According to Susan Edelman, witnesses in alleged COVID vaccine fraud case have put 82 NYC educators in potential legal danger. Questions: Why are these educators in potential legal danger? Who committed the fraud? What was the amount of ill-gotten gains derived from the fraud? According to the article, what percentage of the COVID vaccines given… Read more »

Insider Trading

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According to the Washington Post, Stephen Buyer, ex-GOP Congressman from Indiana, is accused of exploiting nonpublic information in his role as a corporate consultant to reap hundreds of thousands of dollars in profits. Questions: Which arm of the government charges individuals with insider trading? During what period did Buyer act on insider trading information? What… Read more »

Trouble Ahead? Bad Economic Week

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Are we headed for a recession? Questions: What is the opinion of Goldman Sachs’ CEO? What did JPMorgan Chase’s CEO say? What did Elon Musk say? What is your opinion and why? Source: Mui, C. (2022). More than 60% of executives think a recession will hit soon, new survey finds. Fortune, June 17 (Retrievable online… Read more »

Finally the End for Nikola Motors (NKLA)?

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According to Electrek.com, Nikola Motors has lost almost its entire supply chain leadership over the last few months as the situation at the company is starting to look dire. Questions: Why has the founder of Nikola Motors been in the news over the past few years? Why did the company move away from developing a… Read more »

Major Supplier Under Cyberattack

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According to the New York Times, Toyota, the world’s largest automaker, said on Monday that it had suspended all production in Japan after a possible cyberattack at a major supplier. Questions: What is the name of Toyota’s major supplier? Why have cyberattacks become increasingly more common in Japan in recent years? What will the stoppage… Read more »

Fraud at Amazon Warehouse

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According to The Verge, an Amazon warehouse manager faces long prison sentence and fine when pleading guilty to stealing $273,000 worth of computer parts and selling them to a wholesaler. Questions: What was the position of the manager? Why is it more likely that a person in his position rather than basic warehouse staff would… Read more »

ID.me

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The IRS has implemented a new verification process for taxpayers who want to access their online tax accounts and self-help tools that includes taking a selfie and submitting a photo of their driver’s license or passport to the third-party service, ID.me. Questions: Why are they requiring this new authentication procedure? True or False: Selfies from… Read more »

Just Like The Wild West: Massive Supply Chain Thefts

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Waiting for your order in the mail? Your goods may be stolen from rail cargo thefts; in other words, goods at rest are goods at risk. Questions: Why is theft so rampant in Los Angeles for rail cargo like that of Union Pacific? According to the Guardian, what percentage increase in crimial rail theft has… Read more »