What is Farm Fraud?

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Brad A. McIntyre, 35, of Bastrop, La., was sentenced on one count of conspiracy to commit mail fraud, five counts of mail fraud and four counts of money laundering related to engaging in monetary transactions in property derived from specified unlawful activity via farm fraud. He was also sentenced to three years of supervised release… Read more »

Sports Betting in All States!

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According to the New York Times, The Supreme Court struck down a federal law that effectively banned commercial sports betting in most states, boosting the prospect of such gambling across the nation. Questions: 1. Who are the winners in this decision? 2. Who are the losers in this decision? 3. According to the article, what… Read more »

For the “Can’t Believe it Happened” File

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Alleged postal thief mastermind Dushaun Henderson-Spruce orchestrated the theft of thousands of pieces of mail from a global corporation, including corporate American Express cards, business checks and invoices, and rerouted them halfway across the country. Questions: 1. How did he do it? 2. How long did the scheme last? 3. What internal control could have… Read more »

Cashing in

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According to Bloomberg.com, Google Chief Executive Officer Sundar Pichai is about to have a very big week. Questions: 1. An award of 353,939 restricted shares he received before a promotion in 2014 will vest. What does this mean? 2. How big it the payout to this executive? 3. How did the award swell in value?… Read more »

Teaming up!

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According to The Week.com, Amazon plans to sell its own smart television with its Fire TV capabilities built in. To help in this endeavor, it has chosen an unlikely partner – Best Buy. Questions: 1. How many models of HDTV’s will the partners start selling this summer? 2. What brand will be sold and what… Read more »

Mesh Lawsuits

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This New York Times article exposes a growing industry that makes money by coaxing women into having surgery — sometimes unnecessarily — so that they are more lucrative plaintiffs in lawsuits against medical device manufacturers. Questions: 1. What is the role of lawyers in this industry? 2. What is the role of marketers in this… Read more »

Time for PAWternity leave

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Raising a puppy can be hard work. It turns out that some companies sympathise with this transition and now offer what’s known as “pawternity leave.” In fact, research from Petplan found that 5% of owners have been offered paid leave from their job to adjust to their pet owning duties. Questions: 1. How much time… Read more »

Facebook Woes

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According to Bloomberg, Facebook Inc. is heading toward its worst month since May 2013 after an analyst report warned of a temporary pullback in advertising and the FTC confirmed it’s investigating the social network’s privacy practices. Questions: How much market value for Facebook stock has been erased in the last 10 days? What is the… Read more »

It’s just for my stockholders

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Martin Shkreli, a former pharmaceutical executive notorious for increasing the price of Daraprim by 5,000 percent, along with mounting sneering defenses of his actions and even issuing a bounty for one of Hillary Clinton’s hairs, was sentenced to seven years in prison for fraud.   Questions: What had prosecutors sought for a sentence? What had… Read more »

Protect what?

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Under Mick Mulvaney, the CFPB, which once was the agency dedicated to preventing banks and credit-card companies from scamming ordinary Americans, now becomes an agency dedicated to protecting potential financial scammers from legal penalties. Questions: 1. Since Mulvaney took over, what has the Bureau done for payday lenders? 2. Since Mulvaney took over, what has… Read more »