“Ponzi Scheme” was a term that was named after a criminal from the 1920s named Charles Ponzi who persuaded the investors to direct their investment in one of the most complex price arbitrage scheme that involved postage stamps (Cantoni 24). A Ponzi scheme makes use of the investments funds from new customers to facilitate the payment of the purported returns or profit to the existing investors. The perpetrators of such schemes can keep the losses incurred hidden from their clients through issuing of false trade confirmations or account statements which bolster the performance of the accounts with the hope to solicit new investments funds from the clients. Facts and Circumstances of the Case In December 2008, Bernard Madoff presented a revelation the arm that was concerned with the management of assets in his company was a big lie.
Sec Litigation Release # 20834, Bernard L Madoff The Violation and How It Occurred Bernard L. Madoff designed an insidious Ponzi scheme, which resulted in his successful violation of various antifraud legal provisions established by the federal securities laws (Hansen & Movahedi, 2010). At the time of his trial in 2008, the Securities and Exchange Commission (SEC) fronted numerous allegations against the man and his company, Bernard L. Madoff Investment Securities LLC. Among these allegations was a $ 50 billion fraud coupled with contraventions of Section 17(a) of the Securities Act 1993 and Section 10(b) of the Securities Exchange Act of 1934. Madoff and his company were also found to have violated Rule 10b-5, as well as Sections 206(1) and 206(2) of the Advisors Act of 1940.
Plea bargain is an ethical issue stated in the documentary Plea bargain. The plea bargain documentary explains how pleading guilty in a plea bargain is a way to get a reduced sentence or get out free of a charge. At times taking the plea bargain might not be the best option but sometimes it’s the only choice. According to the prongs of deontological perspective, pleading guilty is a solution to be let out free, a reduced charge and dismissed a charge off.
Is Plea bargaining ethical If you could take a deal that would swap your prison sentence from 20 to 16 years even if you were guilty would you? What if you and the defense lawyer didn’t know what the evidence was yet. What if the prosecutor said you can either take the deal or you can go away for as long as i can get? These occur in the plea bargaining system.
Essentially, the case against Wayne Williams hinged on the expert testimony given at the trial. Without the testimony of the expert witnesses, this trial may have had a different verdict. Personally, I think that Larry Peterson did a fabulous job presenting this case. He put together an impressive presentation of the fiber evidence (Nickell, 2011). Therefore, I would have prepared in a similar fashion the expert witnesses for the trial.
The Supreme Court recently began hearing oral arguments in a case, where two men were convicted of bribery by a jury. However, that conviction was overturned by an appeal because the jury had been improperly instructed as to what constitutes a guilty verdict. The attorney for the defense, Lisa Blatt said, “The government should bear the consequences when overlapping charges produce split verdicts of acquittals and invalid convictions.” This quote identifies with one of the fundamental principles of the American legal system, the presumption of innocence until proven guilty beyond reasonable doubt. While Blatt continues to argue that the vacated conviction is worthless.
Race can be an important fact when selecting a jury. It’s important to have a jury of different racial, ethnic, gender or religious believes to helps limit racial discrimination. If at any time the prosecutor or the defended feel discriminated by the jury, their attorney can challenge the jury by using the peremptory challenges in Which he or she has The right to challenge a potential juror without disclosing the reason for the challenge.
Introduction Blake Goodwin is the CEO of Goodwin Wealth Management. He was deciding to hire a consultant to make an assessment of his situation. Three large companies had expressed interest to acquire Goodwin Wealth Management. In the fall 2007, Ice Financial Income Fund, First Canadian Band, and Brawn Financial Corporation were the potential suitors and they had made offers to acquire the company. Blake Goodwin had to decide whether to sell the company and if he sold it, which buyer was the best one.
An agreement from the jury is a unanimous decision between all 12 jurors. The jury consists of everyday citizens given the responsibility of deciding the innocence or guilt of an accused person. Jurors should decide the fate of the accused because it is a peaceful method to resolve the problem, a unique constitutional right not many people in the world get to enjoy , and it gives everyday citizens a chance to participate in the government and represent the voice of the people. First of all using a jury provides a peaceful method to resolve issues. A jury represents everyday people who all have different viewpoints on different things.
Introduction The quote The quote cited by Antoine reflected the attitude towards the concept of trial by jury prior to the 20th century. The view then, was that the jury system was believed to be an inviolable right; one of the chief safeguards of rights against the abuse of judicial power . Lord Devlin in the Hamlyn Lectures stated, “it is impossible to understand any English institution of any antiquity unless you know something of its history” .
Every American citizen should serve on a jury because it allows new ideas into the verdict and it is fair to all Americans. In Twelve Angry Men by Reginald Rose, Juror 11 says, “I have always thought a man was entitled to have unpopular opinion in this country. This is the reason why I came here. I wanted the right to disagree” (28). To allow all American citizens to serve on a jury, it would allow different views and ideas from other countries to be heard.