149 review - and other companies How did the Commodity...

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Review Questions for Second In Class Exam, Soc 149, Winter 2010 Professor Parker 1. What are the various ways in which white collar crime is regulated? For example, what is Mail Fraud? Wire Fraud? Conspiracy? Access Device Fraud? Embezzlement? Large Transaction disclosures? Federal Trade commission laws? Obstruction of Justice? Securities Fraud? False Statements? 2. What is the Glass Steagall act, and how did repealing it in the 1990s help create much of the white collar crime and organization fraud that occurred in the last 3 years? How does the RICO statute apply to white collar crime? What is Fiduciary responsibility? What does the Honest Service law require of executives? 3. How did a lack of auditor independence help to create the problems at ENRON
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Unformatted text preview: and other companies? How did the Commodity Futures Modernization Act also create excessive risk and fraud opportunities at ENRON? 4. What is mark to market accounting and how did it contribute to ENRON’s difficulties? What kinds of tactics did ENRON use to keep its profits so high year to year? Why did out of control costs contribute to ENRON’s problems, and what caused this issue? 5. Was there a culture of Entitlement at ENRON? How do theories of white collar crime explain the actions of Ken Lay, Jeff Skilling, and other executives at ENRON? How does strain theory apply? Conspicuous Consumption? Block goals and means?...
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