Discuss the Sarbanes-Oxley Act of 2002 in terms of its purpose and effectiveness
What will be an ideal response?
The Sarbanes-Oxley Act of 2002 was enacted in response to the rash of corporate fraud that occurred in companies such as Enron, Tyco International, and WorldCom. Many employees and investors lost all their savings, retirement benefits and livelihood. The act requires public companies to adhere to new and improved accounting standards intended to, among other things, eliminate insider trading, disclose internal controls and financial reporting, and impose longer maximum jail sentences on corporate executives who attempt to alter or falsify financial information. The primary criticism is that the corporate executives are not subjected to forfeiture provisions, so even if they commit fraud they are still able to keep all their money, toys, houses and other spoils. The debate over its effectiveness continues because while there have been no recent reports of rampant corporate fraud, there is still doubt as to whether it is consistently or frequently enforced.
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The second woman appointed to the U.S. Supreme Court was ______.
A. Sandra Day O’Connor B. Ruther Bader Ginsburg C. Sonia Sotomayor D. Elena Kagan
Answer the following statement(s) true (T) or false (F)
1. Organized crime first came to the United States with Italian immigrants, as a “Mafia transplant.” 2. Money laundering refers to making clean or washing “dirty money.” 3. The most powerful international drug trafficking organization in the world was the Medellin cartel of Colombia. 4. Enterprise theory argues that organized crime and normal business are similar activities on different ends of a spectrum of legitimacy. 5. According to the Italian American Syndicate, organized crime groups and their leaders resemble a medieval system of shifting warlords in which whoever has the most power and is able to render the greatest services controls support.
The USA PATRIOT Act was organized around how many titles?
What will be an ideal response?
The ______________ Act makes it a crime to enter any contract or engage in any combination or conspiracy in restraint of trade
Fill in the blank(s) with correct word