Using a search engine on the Internet, search for articles on fraud that occurred in 2000 to 2002 in the following companies:
Adelphia
Enron
Global Crossing
WorldCom
Xerox
Try to locate articles or information about stock prices, how the fraud was conducted. You might wish to look at the following websites: edgar.sec.gov,
Required:
A. Find information to help you complete the following table:
|
Compmy Name |
Met |
Position of Those Conducting Fraud |
Stock Price |
Stock Price |
Shares |
Loss to |
|
Adelphia |
||||||
|
Enron |
||||||
|
Global Crossing |
||||||
|
WorldCom |
||||||
|
Xerox |
B. Discuss the common characteristics that you see in each of these examples.