Financial Fraud Can Happen to Anyone
In 2008 it was discovered that Bernard Madoff, famed financial investor, had scammed clients out of approximately $65 billion over 20 years. His victims included people from all walks of life–from politics, to Hollywood luminaries.
The list even includes Holocaust survivor Elie Wiesel and his Foundation for Humanity. Madoff stole from many in his Jewish community, not all of them wealthy.
He fooled investors, big and small, with claims of exclusivity and consistently positive returns. A year later in 2009, a seemingly endless string of similar scams began to surface.
Although the most sensationalized scandals were large-scale, many scams also occurred in small communities across America. They may not have made the papers, but these small scale con artists still cheated their victims out of every last penny.
No matter what regulators may devise, there will always be con artists on both big and small scales. They have existed long …
Financial Fraud Can Happen to Anyone Read More
Alaska enjoys jobs listings across the state that number in between 9,000 – ten,000 regularly month to month. This has been true from 2010 – 2016. Green firms and sustainability type a large chunk of the expanding economy.
The budgetary approach is the sole responsibility of senior management employees and finance employees. Hence these members of employees must have accurate and updated info effective budgeting procedures. Budgets are created for each and every financial year. The managers and employees involved will have to develop budgets for their own areas of responsibility and then hand it over to the finance division. These draft budgets are then reviewed by higher management and later approved by a committee, or anything equivalent depending on the organisation.