Posted by Chenglu Xia. In his article, “Bitcoin Will Be Taxed as an Asset: Israel Tax Authority,” Samburaj Das states that Israel government will have a new regulation on cryptocurrency. The official tax authority is making a change, transferring bitcoin’s role from the cryptocurrency to an asset. However, Israel’s official authority is not the only …
Author Archives: blogbusinesslaw
Article Link Archives – Blog Business Law – a resource for business law students
Posted by Aristea Selmani. In recent years, the operating role of business executives amid law firms has risen to a new high. Bloomberg law reporter Casey Sullivan, argues in his article Should Business Managers Run Law Firms this mere notion of as to “what degree should business executives oversee operations at law firms as opposed …
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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 …
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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Greek Ship Fined for Falsifying Records and Polluting
Posted by Sarah Velez. International business relations is a major component of the United States economy. Foreign countries send their ships to the United States to pick up shipments and deliver products. While this global trade relationship is highly beneficial, the challenges that arise as a result of compliance issues and differences in ethical standards …
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Embezzlement and Forensics
Posted by Ahmed Alhadaith. Embezzlement is an illegal activity which several business owners have found themselves in over the years. One of the most recent cases in the United States involved one Jonathan Todd. He was an entertainment manager and through his dealings; he allegedly embezzled funds from some of his clients. Some of the …
Takata’s Faulty Air Bag
Posted by Xiangni Meng. There have been at least 16 deaths caused by a ruptured Takata air bag inflator worldwide. The first U.S. death report of a Takata inflator is a 17-year-old high school senior, who died in Texas in a moderate speed crash. The most recent death in the United States was confirmed by U.S. safety …
At Wells Fargo, Complaints About Fraudulent Accounts Since 2005
Posted by Alexa Constantine. The New York Times on October 11th of this year released the article describing Wells Fargo’s fraud scandal that was brought to the public eye last month. The ethics scandal came to light last month, but the fraud has been going on for years, maybe even a decade with the first report …
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Patchy Bitcoin Oversight Poses Hazards for Investors, Regulators Say
Posted by Shahrani Bhatti. On January 30th of 2018, U.S. regulators made it known that they feel Congress should expand regulation of the bitcoin as well as a growing number of other cryptocurrencies. Their reasoning being that the currency is not subject to investor-protection laws. The chairmen of the SEC and the CFTC told senators …
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Wells Fargo’s Employees Fraud with Customers
Posted by Gurpreet Kaur. CNN Money released an article on Well Fargo’s employees secretly withdrawing money from customers’ bank account and transferring to new accounts since 2011. The article was published on September 8th of this year and Wells Fargo bank was forced to fire 5,300 employees in Los Angles for setting up accounts for customers. …
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