Corporate Greed, Lies And Unethical Practices - 1001 Words

Corporate Greed, Lies and Unethical Practices The Case of Jordan Belfort Chase Chamberlin University of Nevada, Las Vegas CRJ 410 Dr. Melissa Rorie November 17, 2015 I. Introduction: In today’s society crime occurs everyday across all aspects of life. One particular crime is that of white collar and corporate level crime. It is important that we as a society study this type of crime in depth because many individuals believe that white collar and corporate level crimes are victimless crimes when in reality they have the potential to destroy major corporations and economies all with one single case. The news or media rarely talk about this type of crime because it is often difficult to understand and individuals typically lack interest in these types of cases. One particular case is that of Jordan Belfort. Dubbed the infamous â€Å"Wolf of Wall Street† Jordan Belfort is a former stockbroker who robbed investors of over $200 million dollars to create his wealth through â€Å"pump and dump† schemes, insider trading, money laundering securities fraud, and stock-market manipulation. As an attempt to further understand these complex cases I will break down Belfort’s case as far as the methods and means as to how he got started, his use of â€Å"pump and dump† schemes and other means as to how he acquired his wealth. In addition to this I will discuss the sanctions and disciplinary action that Jordan Belfort was given, how the case affected society and what new regulations wereShow MoreRelatedEthical Issues of the Enron Scandal: A Potential Solution948 Words   |  4 PagesEthical Issues of the Enron Scandal: A potential solution Enrons entire scandal was based on a foundation of lies characterized by the most brazen and most unethical accounting and business practices that will forever have a place in the hall of scandals that have shamed American history. To the outside, Enron looked like a well run, innovative company. This was largely a result of self-created businesses or ventures that were made off the balance sheet. These side businesses would sell stockRead MoreEnron Was The Largest Bankruptcy Of America Essay1224 Words   |  5 Pagesworld’s 7th largest corporation, valued at 70 billion dollars. At that time, Enron’s business model was full of energy and power. 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