User:User78632/Corporate crime
High Profile Cases
[edit]High profile corporate crime cases have the potential to be treated differently due to their notoriety and exposure to the public opinion. [1] High-profile corporate cases can result in more restrictive legislation for corporate crime in response. [2] This can sometimes result in a broader interpretation of the law that results in more corporate cases being covered by criminal law, as opposed to civil. [3]
The Enron Scandal
[edit]The CEOs of Enron were convicted for lying to their investors, employees, and regulators in an attempt to cover up the failure of the company. Their bankruptcy filing resulted in the bankruptcy filings of three other publicly-held corporations, the largest of these being WorldCom. These bankruptcies resulted in misfortune for their investors and the displacement of their employees. [4] This case resulted in the passing of the Sarbanes-Oxley Act in 2002, which, in part, was meant to increase the severity of punishments for corporate crime cases. [5]
Lehman Brothers
[edit]The Lehman Brothers were involved in potential fraud involving misleading mortgage prices and fake investment companies. This, along with the fraud of Washington Manual, contributed to the financial crisis of 2008-2009. [6]
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[edit]References
[edit]- ^ "Shibboleth Authentication Request". login.northernkentuckyuniversity.idm.oclc.org. Retrieved 2023-10-27.
- ^ "Shibboleth Authentication Request". login.northernkentuckyuniversity.idm.oclc.org. Retrieved 2023-10-27.
- ^ "Shibboleth Authentication Request". login.northernkentuckyuniversity.idm.oclc.org. Retrieved 2023-10-27.
- ^ "Shibboleth Authentication Request". login.northernkentuckyuniversity.idm.oclc.org. Retrieved 2023-10-27.
- ^ "Shibboleth Authentication Request". login.northernkentuckyuniversity.idm.oclc.org. Retrieved 2023-12-08.
- ^ "Shibboleth Authentication Request". login.northernkentuckyuniversity.idm.oclc.org. Retrieved 2023-10-27.