Martha Stewart is a multimillionaire businesswomen sentenced to five months in prison and two years’ probation for lying to investigators about the sale of IMClone system stocks in 2001 (Masters, 2004). Stewart
At the time of his plea, prosecutors said Grass admitted to a series of illegal activities, from backdating contracts and severance letters to misleading the company and federal investigators about a $2.6 million real estate deal. They said he also met with employees called to testify before the grand jury and encouraged them to lie. During Grass' time at the head of the Camp Hill-based company founded by his father, Alex Grass, its stock price soared as Rite Aid engaged in an aggressive expansion effort. But the grand jury said the boom years were accomplished by "massive accounting fraud, the deliberate falsification of financial statements, and intentionally false SEC filings." Less than a year after
During the attack, the police allowed her husband to wander around for 25 minutes and watched as he continued to attack her. When the ambulance arrived and took Tracy away, then they proceeded to arrest Charles. Tracy went to court against the police department of her home town, Torrington, Connecticut for failing to provide her with protection since she was married to her attacker. The court found that Tracey was discriminated against because the violence was a Domestic dispute. She was awarded 2.3 million dollars by the court.
John Pregent, “aka” Jack Pregent, 61, pleaded guilty before United States District Judge George A. O’Toole to one count of bankruptcy fraud involving a scheme to defraud. Sentencing is scheduled for May 15, 2012 at 2:30 p.m. He faces up to five years in prison to be followed by three years of supervised release and a $250,000 fine. Pregent owned the precision machine part manufacturing business Technical Fabrications, Inc. (“TechFab”) which operated in Newburyport until it filed for bankruptcy in July 2010. Pregent engaged in a scheme to defraud TechFab’s creditors, bankruptcy trustee and the bankruptcy court by transferring certain TechFab assets, including equipment and ongoing business, to a newly formed company.
Federal Prison Comparison CJA 234 August 15, 2011 Federal Prison Comparison This paper will compare, contrast, and describe the prisons to which the following individuals were all convicted of federal crimes and sent to serve the sentences at a federal prison. Martha Stewart, Ivan Boesky, Michael Millken, Manuel Noriega, Timothy McVeigh, Terry Nichols, Al Capone, and John Gotti. Martha Stewart was convicted and charged in 2004 for her role in the well time stock sale. The charges included conspiracy to obstruct justice, lying and giving false statements to investigators. She was imprisoned on October, 2004 at The Federal Prison Camp in Alderson, West Virginia, which is a minimum security facility.
1) What were the individual factors that contributed to the failure of Enron? Briefly explain two key factors. In the repercussion of Enron’s bankruptcy filing, numerous Enron executives were charged with criminal acts. Those charges were fraud, insider trading and money laundering. Enron was described as “House Of Cards” as it was built over a pool of gasoline.
| Josey Embezzlement Case | | | Jennifer Allgeier | 9/11/2011 | | Jeanette Elizabeth Josey is involved in a million dollar embezzlement case. She is accused of embezzling the money from her employer James Gillikin. James Gillikin is the owner of Gillikin Marine Railways, Inc., Morgan Creek Seafood, James T Gillikin Inc, Traveler Captain Jimmy Inc and Captain James II Inc. Josey worked as the office manager for the group for seventeen years. Detectives in Carteret County said that this is the largest embezzlement case they have encountered. According to WITN.com news channel Josey embezzled the money from legitimate payee accounts of the corporation’s general accounts and then converted the money to her own use.
Due to increasing violence and gang activity numerous steps are now being implemented address gain affiliation in our prison system. Contrary to most of societies popular beliefs, gang affiliated inmates do not make up the majority of incarcerated inmates. In a 2002 national survey only 15,398 gang affiliated inmates were locked-up in state and federal prisons. Many states reported fewer than 1000 gang affiliated inmates in their correctional system. (Kawucha, Marquart, & R, 2006) Despite gang member’s low numbers in correctional facilities, the problems they cause are
Holding companies buy hospitals, HMO, which in turn are buying companies that produce drugs, and these last are buying each other. Doctors often sellers of specific drugs and medical procedures. Monopolization and centralization of medicine - a dangerous sign of the destruction of capitalism, competition and pluralism. For example, in the treatment of mental disorders firm Magellan Health Services, Inc. owns 90% of American psychiatric hospitals, controlling the treatment of almost 50 million people who have health
Numerous Enron executives were charged with criminal acts, including fraud, money laundering and insider trading. Ben Glisan, Enron’s former treasurer was charged with two dozen counts of money laundering, fraud and conspiracy. Andrew Fastow, Jeff Skilling and Ken Lay were among the most notable top-level executives implicated of Enron’s collapse. Fastow, former Enron chief financial officer (CFO), faced 98 counts of money laundering, fraud and conspiracy in connection with the improper partnerships he ran, which included a Brazilian power plant project that was aided by Merrill Lynch, an investment banking firm. Skilling was indicated on 35 counts of wire fraud, securities fraud, conspiracy, making false statements on financial reports and insider trading.