The TV show “American Greed” offers case studies of financial scams. Past shows are generally available...

The TV show “American Greed” offers case studies of financial scams. Past shows are generally available at youtube.com. Watch one of the following shows:

Season 1, Episode 5 “The Baptist Foundation of Arizona”

Season 13, Episode 6, “The House Flipping Reality Show Fraudster”

You may also watch a different episode as long as it deals with a financial scam.

After watching, answer the following questions:

a. How did the scammer attract investors?

b. What did the scammer really do with the investors’ money?

c. How did the scammer reassure investors?

d. Were there any warning signs that investors should have seen?

e. How much money did investors lose?

f. Was the scammer punished?

Expert Solution

a.The scammers are good at understanding the business they do and devising the best ways to make believe that their actions are legit. They maintain better relations with the investors allthrough the scam till exposed. They prepare themselves with documentation of un related customers to fraud investors.

b. The scammer had thoiught of securing his life with the investors money out of greed. They embezzeled the money and made alternate investments that cannot be traced out and then tried to take advantage by declaring bankruptcy.

c.The scammer reassured the investors by showing the agrements and ststing that the loans are secured. But in actual the secutity in itself is fabricated.

d. The investor duediligence was not robust. There were signs of a market downturn but the business was booming and high number of deals happening. This should have alerted the investors.

e. Investors in this video Season 13, Episode 6, “The House Flipping Reality Show Fraudster” lost a total of approximately $ 30 Million.

f. The scammer has been punished. The fraud acts always lead to punishment as the system and the authorities are on watch of the every action.

jeff jeffy answered 2 years ago

1. Which of the following is true? a. Empirical studies show that stock prices generally decrease...

1. Which of the following is true? a. Empirical studies show that stock prices generally decrease following increases in current dividends. According to the signaling theory, this finding is necessarily inconsistent with the indifference proposition. b. Empirical studies show that stock prices generally decrease following increases in current dividends. According to the signaling theory, this finding is not necessarily inconsistent with indifference proposition. c. Empirical studies show that stock prices generally increase following increases in current dividends. According to the...

For this assignment, you will choose two case studies from the four available in the following...

For this assignment, you will choose two case studies from the four available in the following resource: United Nations Association. (2014). The Global Citizen Student Reader: Globalization. Retrieved from: www.unausa.org. The cases are as follows: 1) Mexican Government Advises Migrants (page 9) 2) Liberian Plantation Workers Allege Poor Conditions (page 10) 3) Charities Hijacked by Terrorism? (page 11) 4) Call Center Jobs, Once Offshored to India, Now Offshored from India (page 12) After you choose two, and carefully read through...

Discuss how the three case studies discussed in the modules show how a person from a...

Discuss how the three case studies discussed in the modules show how a person from a underdeserved populations has limited access to health care. What would you do to help an undeserved person access health care on a personal level,.professional level, and a national level? ( 500 words)

Let's discuss the following case: The American Acupuncture Association offers professional education courses for its members...

Let's discuss the following case: The American Acupuncture Association offers professional education courses for its members at its annual meeting. Instructors are paid a fee for each student attending their courses but are charged a fee for overhead costs that is deducted from their compensation. Overhead costs include fees paid to rent instructional equipment such as overhead projectors, provide supplies to participants, and offer refreshments during coffee breaks. The number of courses offered is used as the allocation base for...

Many American families play the lottery. Winning the lottery offers an easy path to financial security....

Many American families play the lottery. Winning the lottery offers an easy path to financial security. But for most that play, this dream remains unrealized, deferred, always just out of reach. But imagine you win a major lottery prize. The choice is $500,000 cash today or $50,000 a year paid over 25 years. Which is a better choice? What should be taken into consideration? (Support your answer with information from this week’s information or cited outside sources).

Accounting Case Studies 1. How is managerial accounting different from financial accounting?

Starbucks Corporation Case Studies – Accounting for Business Decisions Review the 2017-2019 10-Ks (Annual Report available...

Starbucks Corporation Case Studies – Accounting for Business Decisions Review the 2017-2019 10-Ks (Annual Report available in google search), Part 1, Items 1, 1A, 2, 3, and Part II, Items 7 and 8. Part I contains a discussion on the business model, risk factors, properties, and legal issues. Part II contains Management’s Discussion and Analyses, the financial statements and the notes to the financial statements. All these statements are referred to as management assertions. Parts I and II contain discussions...

Please show formulas used w/ numbers. Exhibit 1 in the case shows the summary of monthly...

Please show formulas used w/ numbers. Exhibit 1 in the case shows the summary of monthly operating costs assuming printing volume is 150,000 brochures, as presented below. Cost per 100 Monthly costs at brochures 150,000 volume Manufacturing costs: Direct material, variable $6,000 Direct labor, variable 1,500 Direct labor, fixed 3,000 Manufacturing overhead, variable 1,500 Manufacturing overhead, fixed 3,375 Total manufacturing costs $15,375 Nonmanufacturing costs: Marketing, variable $1,500 Marketing, fixed 1,875 Corporate, fixed 3,750 Total...

Show examples of two companies in the same industry whose financial statements are available online. Complete...

Show examples of two companies in the same industry whose financial statements are available online. Complete several financial ratios for each company and compare them. What did your analysis tell you about these companies? What sorts of decisions would this analysis help you make; such as buying stocks, considering accepting an employment offer,etc.?

Additional Instructions: Show all calculations and include clear explanations. Case Problem: Over the past several years,...

Additional Instructions: Show all calculations and include clear explanations. Case Problem: Over the past several years, decommissioned U.S. warships have been turned into artificial reefs in the ocean by towing them out to sea and sinking them. The thinking was that sinking the ship would conveniently dispose of it while providing an artificial reef environment for aquatic life. In reality, some of the sunken ships have released toxins into the ocean and have been costly to decontaminate. In the late 1990s, at least...

Question