Suchergebnisse

• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 43: Sanyo Electric (Japan, 2007)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Electric Co. struggled with heavy financial losses as it faced a brutally competitive pricing market for many of its products. These products (including…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 27: Flowtex (Germany, 2000)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …Germany reached a cli- max when the managers of “Flowtex Technologie GmbH & Co. KG” received jail terms of up to 12 years after being convicted of fraud… …prison term, and the head of Flowtex subsidiary “KSK Guided Microtunnelling Technologies GmbH & Co. KG”, Angelika Neumann, was sentenced to seven and a…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 1: McKesson & Robbins (1938)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …the accounts of this division. One brother, using the alias George Vernard, was placed in charge of a fictitious sales agency, W.W. Smith & Co. The… …customers. For each sale, McKesson & Robbins’ crude drug division paid W.W. Smith & Co. a commission of 0.75%. The four brothers divided these commissions… …Robbins’ treas- urer, Julian Thompson, became aware of the large payments that the crude drug division was making to W.W. Smith & Co. On a hunch, Thompson… …never heard of W.W. Smith & Co. and that the credit reports were forgeries. Thompson discovered that Philip Musica and his three business associates had…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 24: AIG (2005)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …that AIG had increased its general loss reserves, when in fact it had not – A deal with an offshore special purpose entity called Capco Reinsurance Co…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 28: EM.TV (Germany, 2000)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …, maker of the Muppets, for EUR 660 million. The following month, EM.TV purchased a 50% interest in SLEC, the entity controlling the Formula One Group…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Fraud Theories

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …has any chance of controlling. Nevertheless, fraud-fighters should also focus on the incentives and pressures motivating fraud as well as on the…
• eBook-Kapitel aus dem Buch Accounting Fraud

  The Warning Signs of Fraud

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …individuals or companies that have controlling interest in the entity – Significant business operations located or conducted across international borders…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 2: ZZZZ Best Company (1987)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …controlling interest in ZZZZ Best, and this made him an instant multi-millionaire on paper. By March 1987, Minkow’s shares were worth USD 64 million, and a…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 30: Lernout & Hauspie Speech Products (Belgium, 2000)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …co-founders, resigned as co- chairmen, and trading of L&H stock was suspended. On November 29, 2000, the company filed for bankruptcy protection after an…