WHY ACCOUNTANCY FRAUD THRIVES IN AMERICA

Authors

  • JAVED A. ANSARI

Abstract

Corporate crime is booming once again in America. America has always been its natural home. In 2005 a long line of American ‘whiz kid’ CEOs went to jail with life or near life sentences—Dennis Kowzloski and Mark Swartz of Tyco, John and Timothy Ragas of Adelphia, Andrew Festow of Enron, Martin Glass of Rite Aid, Jamie Olis of Dynergy Sam Wicksal of I m Clone and of course Bernie Ebbers of World Com. By persecuting individuals and sparing companies –Enron, World Com, Arthur Anderson, Tyco and Rice Aid continue to survive and often, thrive—American judges have shown their awareness of the link between burgeoning corporate crime and impending capitalist crises.

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Published

2006-07-01

Issue

Vol. 2 No. 2 (2006): Market Forces Research Journal Volume 2 No 2

Section

Articles

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