A History Of The Fraud - 3367 Words

A History of the Fraud Bernie Madoff had his start on Wall Street beginning in the 1960s, gaining his success as a broker, eventually offering him the opportunity to manage funds for people close to him. News of his apparent ability to make gains and never lose money spread like wildfire throughout the Wall Street community and eventually turned his small family business into a huge investment firm. To reduce suspicion, Madoff maintained that his gains were because he was mitigating risk on his stock purchases by exploiting options to hedge his portfolio. In the simplest form, this means that he was telling people that he was engaging in a pretty common investment strategy, which is creating an insurance plan for their investments by using â€Å"put options.† This is the agreement to sell the assets that one has on or before a particular date, in case the assets decline in value at a rate unfavorable to the purchaser. Although he was able to fool the majority of people, there were those who were sus picious of his activity and alerted the SEC, almost causing Madoff’s scandal to be exposed on several occasions (Scheer, 2009). Most believe that his scheme began in the early 1980’s, Madoff, however, claims that it had not begun until the 1990’s. It started with Madoff losing money, and therefore having to make a decision—either come clean to his investors that there was no money being made in his portfolio, or find a way to fudge the numbers. He chose the latter. This forcedShow MoreRelatedFraud, Subprime Mortgages, And The Hidden History Of Financial Crisis Essay1573 Words   |  7 PagesFraud, Subprime Mortgages, and The Hidden History of Financial Crisis â€Å"Hell is empty, and all the devils are here.† -William Shakespeare (The Tempest, Act1, Sn 2) Financial and economic experts still disagree over the specifics of what caused the recession of 2008. The fraudulent activities which resulted from the subprime mortgage crisisRead More Bernard L. Madoff: The Largest Accounting Fraud in History Essay2379 Words   |  10 PagesMadoff’s wealth management business. Largest Accounting Fraud in history. 1.) How was the fraud perpetrated? The scale of the investment Ponzi scheme perpetrated by Bernie Madoff is hard to pinpoint with any accuracy. There are likely many investors who will never come forward about their losses for a sloe of reasons. We are left to estimate the total losses, but $65 billion was the total showing on investor statements at the time the fraud was stopped. However, this number includes the fakeRead MoreThe most controversial case of fraud in history left more questions than answers. Bernard Madoff,1800 Words   |  8 PagesThe most controversial case of fraud in history left more questions than answers. Bernard Madoff, with his company Investment Securities LLC, chose the easy way to give him greater gains scamming people. Using the prestige he had and giant Ponzi scheme. That was how he was creating his fraud. Madoff did not steal the money immediately but was paid the promised returns with money paid by the entry of new customers paying its customers their profits and not realize and would not take legal actionRead MoreFraud : Fraud And Fraud1551 Words   |  7 PagesFraud Detection Paper INTRO Fraud has plagued the world of accounting since the establishment of the profession. Fraud can be committed against an individual or a business. In order to identify fraud, an auditor must be able to differentiate between what is considered fraud and what is considered error. Fraud as defined in our textbook as â€Å"intentional misstatements that can be classified as fraudulent financial reporting and/or misappropriation of assets.† On the other hand, error is â€Å"unintentionalRead MoreEnron And The Enron Scandal1588 Words   |  7 Pagesone of the most successful corporations Enron became the biggest company to file bankruptcy in history. In this research paper it will discuss about the history of Enron, the fraud committed and who is to blame. The historical development of white collar crime in the Enron Corporation was committed for financial gain. The Enron scandal is an example of a continuing trend of falsifying data in the history of white collar crime. Falsifying data has been a problem that has been happening forRead MoreComputer Fraud And Abuse Act ( Cfaa ) And Cyberbullying Essay1665 Words   |  7 PagesNovember 15, 2016 INCOMPATIBLE: The Computer Fraud and Abuse Act (CFAA) and Cyberbullying I. Introduction The Computer Fraud and Abuse Act (CFAA) does not cover cyberbullying done via social networking websites and should not be used to prosecute it. Application of the CFAA to cyberbullying prosecutions is inconsistent with the intended scope of the statute and the existing interpretations of its provisions. Practically speaking, nothing in the history of the CFAA suggests that Congress envisionedRead MoreInternal Auditing: Stock Market and Fraud1244 Words   |  5 PagesDefinition of fraud: It is the conscious intention to steal or cause an individual to lose or give up something that is rightfully theirs. Stock Fraud: When brokers or people in the stock market influence or make investors buy stock based on false information which is a major violation of the laws put in place in order to protect us from these scandals and in usual cases, it results into a loss for investors. The main targets of stock market investment fraud are seniors. In the market it is estimatedRead MoreHistory of Enron: What is Fraudulent Financial Reporting?770 Words   |  3 PagesEnron Corporation History of Enron Enron Corporation was founded in Omaha, Nebraska (US), and in 1985 Houston Natural Gas Consolidated with InterNorth to make, what is now established as the energy based company. The corporation based in Houston, Texas (founded in 1985) was known as the better enterprise in North America that accomplished one of the vast natural gas transmission networks. â€Å"Enron was a provider of products and services related to natural gas, electricity and communications to wholesaleRead MoreLexisnexis Risk Solutions : The Go-To Source For The Fraud Examiner984 Words   |  4 Pagesinformation is easily accessible to the fraud examiner online. However, an effective investigator will conduct searches using the Internet efficiently and legally. While there are many resources available on the Internet, it would irresponsible to assume that everything is true and accurate – therefore it is vital to verify. In the following, ten online sources of information will be profiled, detailing eac h’s strengths, weaknesses, and cost to the fraud investigator. LexisNexis Risk SolutionsRead More Fraudulent Elections: A Look at Russia, Iran and Nigeria1626 Words   |  7 PagesDespite the governments’ attempts to portray a democratic front, the obvious corruption and fraud involved in the presidential elections over the last few years in Russia, Iran, and Nigeria expose the reality of the situations. In examining the election processes of these three countries, one can clearly see that the electoral body is not independent of the party in power. The poor electoral processes have snowballed into a legitimacy crisis in Nigeria and full-fledged riots in Russia and Iran; though

Pomona College Acceptance Rate, SAT/ACT Scores

Pomona College is a private liberal arts college with an acceptance rate of 8%. Located 30 miles from Los Angeles, Pomonas 50-acre campus is in the heart of  The Claremont Colleges, a consortium of five undergraduate colleges and two graduate universities. Students at Pomona share facilities and can cross-register for classes at colleges in the consortium including  Scripps College,  Claremont-McKenna College,  Harvey Mudd College, and  Pitzer College. Pomona has an 8-to-1  student/faculty ratio, a diverse student body, and strong liberal arts credentials that earned it a chapter of  Phi Beta Kappa.   Considering applying to this highly selective school? Here are the Pomona College admissions statistics you should know. Acceptance Rate During the 2017-18 admissions cycle, Pomona College had an acceptance rate of 8%. This means that for every 100 students who applied, 8 students were admitted, making Pomonas admissions process highly competitive. Admissions Statistics (2017-18) Number of Applicants 10,245 Percent Admitted 8% Percent Admitted Who Enrolled (Yield) 53% SAT Scores and Requirements Pomona College requires that all applicants submit either SAT or ACT scores. During the 2017-18 admissions cycle, 62% of admitted students submitted SAT scores. SAT Range (Admitted Students) Section 25th Percentile 75th Percentile ERW 700 760 Math 700 780 ERW=Evidence-Based Reading and Writing This admissions data tells us that most of Pomonas admitted students fall within the top 7% nationally on the SAT. For the evidence-based reading and writing section, 50% of students admitted to Pomona scored between 700 and 760, while 25% scored below 700 and 25% scored above 760. On the math section, 50% of admitted students scored between 700 and 780, while 25% scored below 700 and 25% scored above 780. Applicants with a composite SAT score of 1540 or higher will have particularly competitive chances at Pomona. Requirements Pomona College does not require the SAT writing section. Note that Pomona participates in the scorechoice program, which means that the admissions office will consider your highest score from each individual section across all SAT test dates. SAT Subject tests are not required for most applicants. Note that SAT Subject tests or AP exams are recommended, but not required, for home-schooled applicants. ACT Scores and Requirements Pomona College requires that all applicants submit either SAT or ACT scores. During the 2017-18 admissions cycle, 57% of admitted students submitted ACT scores. ACT Range (Admitted Students) Section 25th Percentile 75th Percentile English 34 36 Math 29 34 Composite 31 34 This admissions data tells us that most of Pomonas admitted students fall within the top 5% nationally on the ACT. The middle 50% of students admitted to Pomona received a composite ACT score between 31and 34, while 25% scored above 34 and 25% scored below 31. Requirements Pomona does not require the ACT writing section. Unlike many schools, Pomona superscores ACT results; your highest subscores from multiple ACT sittings will be considered. GPA Pomona College does not provide data about admitted students high school GPAs. Self-Reported GPA/SAT/ACT Graph Pomona College Applicants Self-Reported GPA/SAT/ACT Graph. Data courtesy of Cappex. The admissions data in the graph is self-reported by applicants to Pomona College. GPAs are unweighted. Find out how you compare to accepted students, see the real-time graph, and calculate your chances of getting in  with a free Cappex account. Admissions Chances Pomona College, one of the countrys  most selective colleges, has a highly competitive admissions pool with a low acceptance rate and high average SAT/ACT scores. However, Pomona has a  holistic admissions  process involving other factors beyond your grades and test scores. A strong  application essay  and glowing  letters of recommendation  can strengthen your application, as can participation in meaningful  extracurricular activities  and a  rigorous course schedule. Students with particularly compelling stories or achievements can still receive serious consideration even if their test scores are outside Pomonas average range. In the graph above, the blue and green dots represent accepted students. You can see that most students who got into Pomona had an A average, SAT scores (ERWM) above 1350, and ACT composite scores above 29. Your chances will be significantly better with grades and test scores above these lower numbers. If youre applying to Pomona College, you should  consider the school a reach  even if you have exceptional grades and standardized test scores. The graph above illustrates why. Many students with unweighted A averages and extremely high standardized test scores were still rejected by Pomona. If You Like Pomona College, You May Also Like These Schools Claremont-McKenna CollegeStanford UniversityHarvey Mudd CollegeDuke UniversityOccidental CollegePrinceton UniversitySwarthmore College All admissions data has been sourced from the National Center for Education Statistics and Pomona College Undergraduate Admissions Office.

Emotional Intelligence As A Skill - 945 Words

Since the emergence of emotional intelligence, many theorists have contributed to the understanding and development of the concept. Of those, Mayer and Salovey were the first to introduce emotional intelligence as a skill; recognizing it as the capacity to identify, reason, problem solve, and enhance thinking through the use of emotion (Mayer and Salovey, 1990). Termed as the ability theory, the model also proposes that individuals vary in their emotional processing abilities and that they are able further develop and refine these skills promoting both emotional and intellectual growth (Akerjordet and Severinsson, 2007). By using the four branches of emotional ability, individuals are able to improve the management of emotions and interpersonal connections (Mayer, Salovey, and Caruso, 2011). As previously noted, the ability theory contains four branches, perception, assimilation, understanding, and regulation, which are developed to help an individual become more emotionally intelligent (Mayer and Salovey, 1997). Described as the most important level, perception utilizes nonverbal reception and expression of emotion; without this basic skill, the other branches would not be possible. In their 2011 study, Collins, Schrimmer, Diamond, and Burke examined the relationship between nonverbal communication skills and rapport among medical students and their patients. Interviews from 19 medical students and residents were videotaped and assessed using a nonverbal item checklistShow MoreRelatedEmotional Intelligence And Social Skill1592 Words   |  7 PagesWithin Emotional Intelligence, which was discussed in my previous tenet, there are several components. Empathy and social skill are two specific components within Emotional Intelligence that tie in nicely with the tenet of be ing empathetic. In order to be empathetic with another individual, one must have social skill. Social skill is defined as â€Å"proficiency in managing relationships and building networks that can be expanded in a source of persuasiveness† (Goleman 103). Being able to hold a conversationRead MoreEmotional Intelligence : An Effective Leadership Skills Essay933 Words   |  4 PagesEmotional Intelligence Emotional intelligence (EI) is having the ability to recognize, perceive, control, and evaluate one’s emotions. EI is also the ability to see how one’s emotions affect others (Marquis Huston, 2012; Mindtool, 1996-2015). In the healthcare landscape of today, effective leadership skills are critical to an organization. High EI is a skill that effective leaders possess (Sadri, 2012). When a leader has a high EI, they have a clear understanding of their strengths and weaknessesRead MoreEmotional Intelligence Training Intervention : Cognitive Intelligence And Technical Skills2125 Words   |  9 PagesEmotional Intelligence Training Intervention There are many facets to leadership, however, Emotional Intelligence (EI) is both the most difficult to develop and the most critical to success. Cognitive intelligence and technical skills are required for most positions, but to be truly effective leaders must also demonstrate emotional intelligence. In today’s ever-changing world, technical skills become obsolete with each new iteration of a process or technology; yet soft-skills, or EI, transcendRead MoreWhy it is important to have emotional intelligence in the workplace1600 Words   |  7 Pagesï » ¿ Why Emotional Intelligence Is Important To Have In The Workplace MGMT 201 11/21/2013 Introduction There are many different characteristics a person needs to possess in order to be an effective leader and to be an asset to a company. Besides having a high IQ a leader must be able to evaluate a business environment, manage tasks efficiently, promote strategic thinking and innovation, and manage change. All the traits just mentioned are extremely importantRead MorePersonal Statement On Emotional Intelligence1593 Words   |  7 Pages Emotional Intelligence Tanveer Vora 1610793 University Canada West Professor: Dr. Michele Vincenti MGMT601 Leadership in the Global Context 16th January 2017 Abstract The paper discusses about the emotional intelligence, which has various factors. The factors are self awareness, motivation, self regulation, social skills and empathy. In case of effective leadership, these factors plays major role. However, emotional intelligence is teachable to improve the personal skills and personality.Read MoreEmotional Intelligence And Interpersonal Intelligence912 Words   |  4 PagesEmotional Intelligence Picture a world where humans could not understand each other’s feelings. It looks pretty bleak, right? Luckily, humans do have the ability to comprehend others’ facial and body expressions, emotions, and language. Since this is such a beneficial and amazing power that we hold, it has been labeled as a sort of intelligence- emotional intelligence. The ability to control and express our emotions, as well as understand, recognize, and response to others’ emotions is essentialRead MoreEmotional Intelligence Training For Increased Success1351 Words   |  6 PagesEmotional Intelligence Training for Increased Success The global business environment is complex and dynamic. Everyone working in business across the globe is experiencing stress (Singh Sharma, 2012). Due to the quick pace at which decisions may need to be made, understanding the impact of mood and emotions on decision making is important for leaders (Brabec, 2012). Decisions are made at all levels within the organization, therefore emotional intelligence skills are required for everyone withinRead MoreEmotional Intelligence and Athletic Performance1744 Words   |  7 Pagescomplex emotions, how emotions are affected by events surrounding experiences, and whether various emotional reactions are likely in given social settings. Regulating emotions encompasses the control of emotions in oneself and in others. An individual’s emotional intelligence is an indication of how he or she perceives, understands, and regulates emotions. In sum, emotional intelligence is a form of intelligence that involves â€Å"the ability to monitor one’s own and others’ feelings and emotions, to discriminateRead MoreEmotional Intelligence And Effective Leadership Essay1144 Words   |  5 PagesEmotional Intelligence and Effective Leadership The correlation between emotional intelligence (EI) and leadership skills is gaining interest among scholars and business leaders. These professionals are interested in determining how understanding and managing emotions of the self and others affects leadership skills. Moreover, scientists and business professionals are interested in understanding the elements of emotional intelligence. To this end, the concept of emotional intelligence integratesRead MoreEmotional Intelligence And Personal Intelligence1571 Words   |  7 Pagesthe task to explain emotional intelligence, and give two (2) example of the concept. Second, to examine, the concept of â€Å"emotional quotient† compared to traditional â€Å"intelligence quotient.† Third to suggest two to three (2-3) reasons why leaders’ need emotional intelligence to manage today’s workforce, as well as to speculate on at least two (2) possible consequences should a leader not possess emotional intelligen ce. Fourth, to explore the elements of emotional intelligence that leaders must be

Product Analysis Clinique 3 Step System Essay Example For Students

Product Analysis Clinique 3 Step System Essay PRODUCT ANALYSISPRODUCT AND BRAND NAME:Clinique 3-Step SystemMAJOR FEATURES AND CORRESPONDING BENEFITS OF PRODUCT:Clinique Facial SoapFeatures BenefitsUnique soap formulated to Provides thoroughspecifically cleanse skin. cleaning and leaves skin comfortable. Cushioned lathering. Mild, gentle to skin. No wax fillers. Easy to rinse off. Hard-milled and generously Long lasting (3-4 months). sized (hard milling renders a A great value. solid bar without air). Clinically formulated by Soap is generallydermatologists. recommended bydermatologists as the best way to clean skin. Clinique Clarifying Lotion Features BenefitsExfoliation, which helps Skin appears smoother,speed the natural renewal softer with more lightof skin cells. reflecting qualities. Contains Menthol. Provides a cool,refreshing feeling for the skin. Exfoliation, removes Allows better make-updead skin cells. application. Make-upgoes on smoother and stays on longer. Dramatically Different Moisturizing LotionFeatures BenefitsLightweight formula. Comforts and soothes skin. Replaces lost moisture. Non-greasy formula. Leaves no residue. Penetrates into keratin layer. Replenishes moisture only Skin looks fresher and when needed. healthier. CURRENT ADVERTISEMENTS (MAJOR MEDIA SOURCES AND DOMINANT THEMES):Media Source ThemeMailer (McRaes Dept. Store) Free Gift/ 3-Step SystemBillboards (Paris Subway) 3-Step SystemMademoiselle Magazine (Sept. 2000) Hair CareTOP TWO MAJOR COMPETITORS:1. Origins2. Estee LauderThe information was obtained from primary and secondary research. The primary sources were Jennifer Falcon, a Clinique Business Manager and Lori Hinton, a Clinique Consultant. The secondary source was attained from the Estee Lauder website. COMPARE YOUR PRODUCT TO YOUR COMPETITORS PRODUCTS(ADVANTAGES AND DISADVANTAGES:)Clinique Origins Estee Lauder ADVANTAGESPrice $29.50 $55.00 $57.50Packaging Set Package Separate SeparateVariety of Formula 5 Strengths 2 Strengths 1 StrengthDISADVANTAGESUV Protection None SPF 15 SPF 15Alcohol-free Contains alcohol No alcohol No alcoholOil-free moisturizer Not oil-free Oil-free Oil-freeCURRENT AVERAGE PRICE (OR PRICE RANGE) AND LOCATIONS OF SALE:Price = $29.50Location= All major department stores(Ex: Bloomingdales, Dillards, Lord Taylor, Macys, McRaes, Parisians, and Saks Fifth Avenue)OTHER RELEVANT INFORMATION:The Estee Lauder Companies first launched Cliniques line of skin care in 1968. Cliniques mission has always been to meet individual skin care needs. Its 3-Step System of cleansing, exfoliating, and moisturizing is the basis of Clinique skin care. All Clinique products are allergy tested, 100% fragrance free, and created under the guidance of leading dermatologists. Clinique was the first to offer one-on-one consultations for clients and consultant training. Clinique was the first brand to discuss the need for daily sun protection. In 1973, Clinique became the first cosmetics brand to exhibit at the American Academy of Dermatology Convention. Clinique was one of the first prestige cosmetics brands to launch a website in 1996 and also the first to offer fully interactive shopping online in 1998. CREATIVE WORK PLANKEY OPPORTUNITY:The research obtained for Clinique 3-Step System was acquired through primary and secondary sources. The primary sources consisted of interviews with a Clinique Consultant and Business Manager. Secondary sources of research were obtained from consultant workbooks, pamphlets published for consumers, and the Clinique website. The opportunity we discovered through our research is to achieve great looks you must have great skin. Clinique products are designed to address individual skin types and needs. TARGET MARKET:Demographics- Gender : FemaleAge : 13-45 yrs.oldMarital Status/Household Size: NAIncome : AnyEducational Level : NAOccupation : NAPsychographics- Lifestyle :Interest :Concerns:ADVERTISING OBJECTIVE:The specific objective with regards to our ad is for the target market to believe the basis for any great look starts with great skin. Clinique 3-Step System is the answer to achieving it. .u661c8614c0ad51f5e6ca2b238b84a8e8 , .u661c8614c0ad51f5e6ca2b238b84a8e8 .postImageUrl , .u661c8614c0ad51f5e6ca2b238b84a8e8 .centered-text-area { min-height: 80px; position: relative; } .u661c8614c0ad51f5e6ca2b238b84a8e8 , .u661c8614c0ad51f5e6ca2b238b84a8e8:hover , .u661c8614c0ad51f5e6ca2b238b84a8e8:visited , .u661c8614c0ad51f5e6ca2b238b84a8e8:active { border:0!important; } .u661c8614c0ad51f5e6ca2b238b84a8e8 .clearfix:after { content: ""; display: table; clear: both; } .u661c8614c0ad51f5e6ca2b238b84a8e8 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u661c8614c0ad51f5e6ca2b238b84a8e8:active , .u661c8614c0ad51f5e6ca2b238b84a8e8:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u661c8614c0ad51f5e6ca2b238b84a8e8 .centered-text-area { width: 100%; position: relative ; } .u661c8614c0ad51f5e6ca2b238b84a8e8 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u661c8614c0ad51f5e6ca2b238b84a8e8 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u661c8614c0ad51f5e6ca2b238b84a8e8 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u661c8614c0ad51f5e6ca2b238b84a8e8:hover .ctaButton { background-color: #34495E!important; } .u661c8614c0ad51f5e6ca2b238b84a8e8 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u661c8614c0ad51f5e6ca2b238b84a8e8 .u661c8614c0ad51f5e6ca2b238b84a8e8-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u661c8614c0ad51f5e6ca2b238b84a8e8:after { content: ""; display: block; clear: both; } READ: Different Types of Criticism and Literary Movements in Short Stories EssaySTRATEGY FOR ACCOMPLISHING OBJECTIVE:To accomplish the advertising objective of great looks and great skin can be achieved with using Clinique 3-Step System, we will create a magazine ad that will be simple yet informative for our target market. The ad will be featured in a variety of magazines directed towards the target market. The magazines are Teen, Seventeen, Cosmopolitan, Mademoiselle, and Ladies Home Journal. CONSUMER RESPONSE STATEMENT:To have a great look and great skin, I need to use Clinique 3-Step. Clinique has a system that is specific to my skin needs. Marketing Essays