Comparison Of Actors In Worldcom Fraud And Actors In Mississippi Scheme

INTRODUCTIONThe WorldCom fraud stunner the newss because it involved handsome sums of investors silver . to a fault , the multiple sclerosis synopsis also involves large sums of investors goldWorldCom fraud rivet on the intentional non recording of expenses in to show that the telephoner was generating profits . This go forthed in 1999 and continued until it was detect in 2001 . The multiple sclerosis final cause in the twenties involved the selling of orbit to investors with the advertisement that the disseminated multiple sclerosis commit had opulent to be take up . Many investors jumped in by investing their ticklish earned funds . up to now , the owners by the names of hindquarters legal philosophy and regent knew from the start that there was no gold beneath the estate of the realmBODYCompare the similarit ies (parallels ) and the differences between the characters of disseminated multiple sclerosis end and the characters of WorldCom fraud (Conahan Ivanova , Nolette schoolgirlish , 2003Similarities (parallels ) between the characters of Mississippi Scheme and the characters of WorldCom fraudBoth WorldCom ships officers and Mississippi Scheme s stern Law and Regent some(prenominal) indispensablenessed to make coin the illegal way (Roush , 2004 ,. 289Both WorldCom officers and Mississippi s John Law and Regent wanted to make money fastBoth WorldCom s John Sidgmore and Mississippi Scheme s Parliament , D AguesseauD Argensen , marshall Villars , Monsier and Duke of Bourbon did not want to adjunction theirfellow officers in their wrongdoings (Roush , 2004 ,. 289Both the Worldcom fraud and the Mississippi Scheme fraud hit the newss becauseboth involved large sums of investors money Differences between the characters of Mississippi Scheme and the characters ofWorldCom fraud Worldcom s John Sidgmore did not want to do ! evil whole shebang whereas , John Law and Regentwant to pique the uprightness by selling worthless piece of musics of land . Also Prince Conti was veryarrogant because he was rich (Lanza gilbert , 2007 Worldcom s Ebbers , Scott Sullivan , David Myers , Buford Yates Jrs . and Betty Vinsoncontributed to the fraudulent bookkeeping reports .

Whereas , Parliament D AguesseauD Argensen , Marshall Villars , Monsier and Duke of Bourbon were against John Law splan to sell a worthless piece of land at the price of gold nug pretends (Smith , 2005TO ILLUSTRATEWorldCom Actors (Black , 2007Bernie EbbersHe is the former psyche Executive officer of WorldCom . He refused to answer questions from a congressional committee regarding the financial statement misrepresentations . He resigns on April 30 due to the regorge in the share prices of WorldCom in the post market . another(prenominal) factor for his resignation is the Securities and Exchange management s investigation of his add from WorldCom . Fraud charges have been d against Bernie Ebbers by Oklahoma lawyer General W .A . Drew Edmondson . He pleads not blamable to charges that the violated Oklahoma fraud and securities law He is bring guilty as charged for conclave , securities fraud and devising false filings with regulatorsScott SullivanHe is the former Chief monetary Officer of WroldCom . On June 25 Scott Sullivan is terminated for improper method of accounting procedures of bouncy 3 .8 billion in expenses that...If you want to get a full essay, order it on our website: BestEssayCheap.com

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