For example, they hijacked trucks filled with cargo, or bribed dock workers to cause an “accident” to get the exported cargo, both of which gave the Mafia large sums of money for each. The Mafia also used gambling and prostitution to get money quicker, or loan sharked (giving money to people in order to get more
Probably the two most corruption in the field would be economic and political. Economic corruption is where you sacrifice of the principal's interest for the agent's interest (Vargas-Hernandez). This is where you are making a profit for your personal interest. Political corruption is where an agent abuse their power. Under these categories the forms of corruption is sexual misconduct, professional courtesy, gratuities and grafts.
Also, the people in power possessed gluttonous qualities. Tweed serves as an example of someone who was greedy when it came to money, and did whatever it took to obtain it. Document A (“Boss Tweed as Moneybag”) depicts Tweed with a bag of money as a head, which shows how he let money control his actions as a person with power. This is also shown in Document G (“New York City’s Courthouse”); it shows how Tweed gained his wealth through stealing the public’s money. Once these cartoons were published, citizens became well-informed about the corruption of their government.
Cornelius Vanderbilt, and John D. Rockefeller are both labeled as robber barons. Robber barons is a term that means that they stole and were granted special rights, so that they could create monopolies in their fields. This concept is completely wrong though, since both Vanderbilt and Rockefeller worked hard to earn everything they received. Rockefeller and Vanderbilt were both businessmen who made wise business decisions, and created deals that would benefit them. Vanderbilt was a business manager for a ferry entrepreneur, who was breaking the law so that their customers could receive cheaper fares.
Bernie Madoff’s reputable stock trading business, venerable reputation as a Wall Street insider, and ingenuity as a fraudster enabled him to dupe experienced wealthy investors and bilk them for billions of dollars (Ferrell, 2009). Madoff understood how to leverage the currency of relationships to establish trust, the significance of exclusivity to attract wealthy clients, and how to covertly appeal to people’s greed (Frontline, 2009). As a result, Madoff leveraged his credibility as a Wall Street insider to disarm investors, insisted that his services could only be contracted by invitation only, and failed to charge fund management fees. Subsequently, Madoff enable feeder fund managers to make more money in fees, which resulted in more aggressive
To begin, the reader sees the impact of greed through George Murchinson’s behavior. George always acts like he deserves to be respected because he is very rich, and members of the Younger family have pointed this out many times. His possession of money has altered his ego to where he is disliked by many people. Through this transformation, Hansberry shows the reader that greed can change people to be self-centered and despised. Another way the negative impact of greed is shown is through Willy Harris’s betrayal.
He considers money is capable of corrupting even the most innocent of people, who were living in peace and tranquility. Fitzgerald paints a picture of the greed that infects our world to this day. He addresses the problem with the rich which is still a relevant problem today. Fitzgerald represents the social elite as
In order to hide the incriminating evidence, Nixon compulsively lied throughout the whole predicament to the press and to the people of America-even the government. Eventually, Nixon handed over the tapes as commanded by the US Supreme Court. Suspiciously, eight and a half minute of a recording was missing, potentially making it impossible to uncover all of the evidence. This was the tragedy of the Watergate Scandal. One of the tapes, called “Smoking Gun” confirms Nixon had yielded justice.
The Great Gatsby and the American Dream The Great Gatsby, written by Francis Scott Key Fitzgerald, is a book that demonstrates how the American Dream is corrupt. The Great Gatsby presents three varieties of people, which includes the established rich, the newly rich, and the poor. The financial status of the people in this case does not matter because each group is corrupt. Each person in the book wants more and they all want money. Furthermore, since the American Dream is corrupt, it affects the characters’ lives and makes them corrupt.
Background WorldCom, once known as one of the most powerful telecommunication organizations of the world, is now studied as a case of a fraudulent company that carried out unethical financial activities to cover its weakening position in the market. After some aggressive investment decisions, the company started to witness huge financial pressure. The management used various forged accounting entries to conceal its weakening position. Cynthia Cooper, Vice President Internal Audit, discovered the unethical activities and raised the issue with the management and relevant departments and received bitter responses. She carried out internal audits in her own capacity with her colleagues and compiled evidence against fraudulent activities.