Why does corporate fraud occur, and what kind of impact has it had on the economy in the last two decades? What can be done to reduce the amount of economic victimization due to corporate fraud?
What will be an ideal response?
Corporate fraud occurs when there is a socially injurious act committed by people who control companies to further their business interests in violation of legal standards. The estimate of corporate crime losses incurred by American consumers is in the hundreds of billions of dollars. Between 2001 and 2005, the Federal Bureau of Investigation (FBI) recorded an increase of 300 percent in the number of corporate fraud cases reported to them (Ashley, 2005) [page 205 in text]. Over the past two decades, the costs to the economy has been estimated to be over $200 billion and the loss of 1 million jobs (page 209). Based on student opinion, but include additional government regulations, increased civil fines, stricter disgorgement policies and increased responsibility to victims.
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Indicate whether the statement is true or false
Following ______, correctional institutions in the South were devised to maintain the slavery system with newly freed and often unemployed blacks.
a. the Revolutionary War b. the ratification of the Constitution c. the Civil War d. World War II
A massive review of the research on the deterrent effect of the death penalty, sponsored by the National Academy of Science, concluded that ______.
a. the death penalty is an effective deterrent to murder b. the death penalty is not an effective deterrent to murder c. the deterrent effect is impacted by a number of variables d. the research is not informative enough to draw a conclusion
Currently, there are ______ states (as well as the federal government and the military) that allow for the use of the death penalty.
a. 19 b. 22 c. 31 d. 46