Posted by Johanna Ortiz. An ex-executive Andrew Caspersen at New York investment bank was declared guilty to securities and wire fraud. He admitted defrauding investors of more than $38 million, and the judge gave him four years in prison because the defendant’s attorney asked him for leniency for gambling addiction. Caspersen was a good worker. He …
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Posted by Joseph Locorriere. The fundamentals of business, something that America has practiced for decades and which was proven to be the correct way of managing a business, include running an ethical business, such as taking proper care and recognition of employees and customers as well as the surrounding environment. However, as America continues to …
Posted by Fadi Huzien. This article “Injury on Weight Bench Results in Lawsuit But Ruling for Club,” discusses a lawsuit, which was filed by a fitness facility member at the gym center where he routinely exercised. The plaintiff, La Fata, filed a lawsuit towards the center, LA Fitness International, because he claimed that his injury …
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In class, we discuss organized crime and its effects on business and society. Recently, Italian special agents, SCO, and the FBI arrested 13 persons in Calabria, Italy, allegedly connected with the ‘Ndrangheta crime family. With affiliates in the U.S., the suspects were organizing cocaine shipments out of Costa Rica. Authorities arrested them in the middle of the night while they were sleeping and charged …
Continue reading “Italy, US Joint “Operation Columbus” Brings Down Drug Ring Run Out of a Pizzeria”
In Heien v. North Carolina, the Supreme Court held that where a police officer makes a stop based upon a reasonable mistake about a law, the stop is justified. In this case, an officer stopped a vehicle because one of its two brake lights was out, based on a misunderstanding that the North Carolina law …
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Posted by Timothy O’Shea. Tesla Motors, an automotive company in the Automotive Energy Storage industry, “who’s mission is to accelerate the world’s transition to sustainable energy.”(tesla.com) It “was founded in 2003 by a group of engineers in Silicon Valley who wanted to prove that electric cars could be better than gasoline-powered cars”(tesla.com). As of now, …
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Posted by Michael de Andrade. Volkswagen, one of the European auto giants, admitted to “installing defeat device software in 11 million cars.” These “defeat device software” lets carmakers to change performance settings of the engines before a pollution test. These software would not only switch the performance settings of an engine but also detect when “they …
Posted by Ashley Torres. In July of 2012, Marissa Mayer became both the President and Chief Executive Officer of Yahoo!. During her time within the company, she has found herself involved in many lawsuits, and is yet hit with another. Recently, in the San Jose District, a former media executive known as Scott Ard filed the …
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Posted by Magdalena Jasionowska. Precision and honestly are fundamental when it comes to accounting. Any error can have some consequences, but it is important to remember that fraud is a serious crime. Here is a brief summary of the most recent tax fraud cases. Christopher Haynes, a franchise owner of Liberty Tax Service has been …
Posted by Rafaela Andrade. Costco wholesale store is now using new Visa credit cards and no longer American Express after fifteen years. Under a new contract, Citigroup, Inc. will now be the issuer for their credit cards along with Visa, Inc. Early this year, Costco reported that their earnings were not met and the stock price …
