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 Gregory Scavelli. Super storm Sandy had a devastating impact on the North-Eastern portion of the United States, areas like Long Island, New Jersey and Connecticut got trashed because of the regions un-preparedness in cases of the storm. To bring in a personal connection, the area that I am from on Long Island got it …
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, …
Continue reading “Tesla’s Hardship’s in It’s Rise to Autonomy”
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 …
Posted by Aliyah Ponton. A former executive, Andrew Caspersen, at a New York investment bank admitted swindling investors of more than $38 Million. As a result, he was sentenced to four years in prison. During court he told the U.S. District Judge, Jed Rakoff, “I chose gambling over everything.” The Judge cited his gambling as …
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Posted by Nick Farkas. A McDonald’s’ franchise in California has repeatedly gotten into legal trouble throughout the past few years because they were not paying and recording the overtime of their employees correctly. The Smith family owns the franchise and have around 800 employees working for them. They initially settled the claims for $700,000 but …
Posted by James Awad. Florida’s death penalty law has been slightly changed after their Supreme Court ruled that there needs to be unanimous support from the jury to sentence someone to death. This means that in Florida you now need ten or more jury member’s consent to use the death penalty. The issue had been …
Posted by Anas Khalil. A former executive at a New York investment bank who admitted defrauding investors of more than $38 million was sentenced to four years in prison by a judge who cited his gambling addiction as reason for leniency. Caspersen is a gambler and an alcoholic who put his family members and friends …
Posted by Navjoat Aulakh. PepsiCo’s famous ‘healthy’ beverage line, Naked Juice, is being stripped down and exposed for it’s misleading marketing tactics. The line of beverages features images of various fruits and vegetables, and claims to be ‘all natural’. The CSPI (Center for Science in the Public Interest) has argued that “a single 15.2-ounce container …
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