Posted by Basil Almubaddil. On July 14, 2017, a renowned rapper by the name DMX pleaded not guilty to 14 charges against him concerning tax fraud. This was after he had spent a night in jail and later posted a $500,000 bond and he was released. According to the prosecutor, DMX whose real name is …
Author Archives: blogbusinesslaw
Enron: The Smartest Guys in the Room
Posted by Shellian A. Murray. The basis for this blog will be an Enron story” The Smartest Guys in the Room (2005)” which was retrieved from the documentary listings on Netflix. A 2929 Entertainment, a Wagner/Cuban Company, Magnolia Pictures, HDNet Films. The documentary takes a behind the scenes look at the reliable energy company whose …
Acquisition of ICANN: A Legal Issue
Posted by Enerd Pani. During the beginning of October, there was a vast change where control of the internet source code was transported from the United States, to what most likely will be the United Nations. The result is that countries not only in Europe, but all over the world can vie for control of …
Volkswagen Emissions Scandal
Posted by Kayla Caveny. The United States and Europe both have emissions standards for their vehicles. The standards are in place to limit the amount of pollutants the vehicle may make. However, there is a way to bypass those standards, illegal of course. This certain device is called a “defeat device,” which is any apparatus that …
Energy Investor Sentenced for Tax Evasion
Posted by Kelly Shaw. Morris Zukerman, age 72, plead guilty in June 2016 to obstructing the IRS as well as tax evasion. He was sentenced to 70 months in prison for his criminal offenses in March 2017. Morris sold a co-owned petroleum products company, which was owned by a subsidiary of his investment firm M.E. …
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DMX Archives – Blog Business Law – a resource for business law students
Posted by Ahmed Alzahrani. In this article, the rapper DMX is accused of evading tax. The rapper pleaded not guilty to any of the charges against him. He was later released in prison after spending one day in jail; this was after he paid $500,000 bond. The persecutor asserts that Earl Simmons also known as …
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Cristiano Ronaldo, Jose Mourinho Caught up in Spain Tax Scandal
Posted by Faris Alzahrani. On June 20th Christiano Ronaldo was accused by the government prosecutor for evading tax four times amounting to $16.5 million. Ronaldo was investigated and was expected to appear before Pozuelo de Alarcon court No. 1 on July 31. His summoning accorded with the same prosecutor who indicted Mourinho for evading tax …
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Issues Facing Forensic Accountants
Posted by Muhammad Azeem. Playing the role of a forensic accountant can be a fundamental one as it will influence various individuals whether in a business valuation or in a fraudulence sense. This article talks about how forensic accountant can play an indispensable part in perceiving issues and working up new tradition proceeding, irrespective of …
Bank of America Settles Overdraft Lawsuit for $66.6 Million
In 2017, Bank of America came to the agreement to pay $66.6 million to end its lawsuit accusing it of high rate of interest and fees from customers, who have checking accounts that were overdrawn for several days. The amount of interest and fees Bank of America charges was decided unlawful. The case was a …
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Orthofix International Charged With Accounting Failures and FCPA Violations
Posted by Alexander D. Bakogiannis. Earlier this year the SEC reported that a medical device company named Orthofix was being charged with improperly booking revenue and making improper payment to doctors and government owned hospitals in Brazil. They improperly recorded revenues as soon as a product was shipped before securing payments. When a company makes …
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