The Political Machine Throughout history, corruption and conspiracy has been a long standing practice behind American politics. In the early years of this Nations government, politicians would have to raise a few hundred dollars in order to run for political office. Today that amount is tens of millions of dollars and even then it does not guarantee a place on the ballot. Running a political campaign is not only expensive but time consuming, morally challenging, and often times publicly degrading. The answer to circumventing these stressors for many politicians is to have someone behind the scenes to do the “dirty work” for them.
Get out and make a change in their community. Let their voice be heard and vote. But do it with a little intelligence, they are being deceived. They are being lied to by the very greedy people they vote in to office to take care of these issues for them. Understand that greed drives the system they have before them.
White collar crimes and Ponzi schemes seem to be happening more often than not in today’s business world. Our text describes White Collar Crimes as a violation committed by individuals and corporations of fraud, bribery, theft and conspiracy to commit (Melvin, S. P. Z Pg. 555(2011) and Ponzi as a fraudulent investment to make investors or profit holders to pay for their own return on their initial investment. Much like they think they are making money on a product that is being sold to customers, clients and consumers but actually, the people who put in initial investment money is just getting back the same thing they put in or other investors are paying for other investors shares and no one is making any profit. However, since the Sabine-Oxley Act came into play in the early 2000’s investors and shareholders have been protected by these types of schemes and avocations.
When corruption occurs it damages the reputation of the employees and the business. Society relied upon this firm to assist in making them money but the firm was more concerned with their bottom line. Many of the individuals doing business with these firms lost their life savings and destroyed some of the trust that investors have with the Wall Street firms. It makes people have second thoughts about investing in the stock market. Another effect this unethical behavior had on these organizations been they agreed to pay a penalty of over $1.43 billion dollars as compensation to the victims.
The purpose of the SOX Act in response to the fraudulent and misleading activities of large corporations such as Enron, Health South, Xerox, Global Crossing, and almost one thousand publicly traded companies. Fraud is defined as “a dishonest act by an employee that results in personal benefit to the employee at a cost to the employer” (Kimmel, Weygandt, & Kieso, 2011). The afore mentioned companies and many others committed fraud when they willingly published false and/or deceptive financial statements making their companies look like they were making huge profits, therefore causing their stock prices to soar and enticing the public to by more and more shares of their companies. Unfortunately, when the truth came out, the fraudulent actions of a few resulted in the loss of almost $5 trillion of stock market value and an undetermined amount for stockholders. Because of this fraudulent action, Congress had no choice but to intervene and pass legislation that would curtail this illegal
Political Influence in the Roman Empire As documented and written in Suetonius’ Life of Julius Caesar, a biography of a man who would become ruler of the Roman Empire, Roman citizens could acquire political influence by various means. As seen in our world of politics today, the Roman senate and government was very corrupt. Bribery of the members of the senate was very common. Most of which were corrupted in many different ways. Some different ways that a roman citizen could be able to get political influence was bribery, marrying into a family with power or money, making alliances or conspiracy, success in the military, political intimidation.
The endorsement groups offer bribes and ask for unnecessary promises to the politicians running for office. The temptation of falling into these traps is monstrous. According to Obama, these politicians feel that if they do not accept these bribes or arguments then they will lose out on endorsement deals as well as votes. Taking endorsements are not bad in anyway. However, a company endorses a certain individual for reasons such as political similarities or to help promote their product.
P6 There are many different ways people or the environment can be a victim of crime; Businesses can be a victim of crime but the most common crime against businesses is theft, theft can come from a citizen or most of the time it’s someone within the company who steals from them. This effect them because they lose out on profit and some companies have to have set targets to meet at every month or year and if the company report the theft they go through insurance so it cause the amount of money they pay into the insurance and in some cases causes some business to close down. Another type of theft is copyrighting (illegal downloading) a lot of people lose out on profit then artist, producer, shop. Criminal damage is also cause business
Many people believed him and gave him a lot of money, but he spent almost all the money for himself. He couldn’t pay back the money to some people. While he was taking money from the people, he collected more then 64 billion dollars from them, and when people tried to see their investments, he used a fake screen computer with ponzie scheme software to present a false investment. This way is similar to Tom’s investment in that, they both were greedy, and acted like friends to people, and made them think that they would become rich. On the other hand, there were many differences between Tom and Bernie.
The small size of the electorate allowed vote-rigging and intimidation of voters as well as bribery. At elections, voters had to say in public which candidate they were voting for, and could be accordingly bribed or bullied by the wealthy or ambitious. Votes were sometimes openly sold, perhaps for as much as £15. Politics was dominated by wealth and class. The electoral system in 1850