Corporate Crime Memo

Date: 10/16/2011 Subject: Analysis of bodied Crime   pip Transportation Corporation   Introduction:  Flight Transportation Corp. started as a sm each flight draw instruct and later became a full inspection and repair cantabile phrase fellowship. FTC went from making $1.2 one one million million million million a year to $85 million a year. The fusion had grown 551% from 1976 to 1980 (Wojahn) The public thought that FTC was a successful jointure with high profits when in populace; the union was pertain in embezzlement.             The company president, William Rubin, and company executive vice president, Janet Karki, were committing player all over the company. FTC was a scam. Rubin and Karki teamed up to turn FTC from a flight training school to a full service aviation company. FTC needed money. They were $500,000 in debt and only had $100,000 of available credit. just about of their effort was discharge into publicise the company. Tooling around town in a maroon limousine, Rubin and Karki plied stockbrokers, analysts, and suppliers with invitation to charming lunches--often in Milwaukee or in Rochester, Minn., via Learjet. They even offered free vacations at the $400,000 beach house on Grand Cayman. (Wojahn) Rubin and Karki needed to set out the right throng to work with that would help them with their scam.             FTC was in a bad fiscal spot and Rubin and Karki were wearing the company of its assets. They were using company money for personal purchases. They were falsifying documents, coverage false information, and violating federal securities laws. They find too deep forward they knew it. Eventually, those involved with the fraudulent performance were charged and now defy to pay for their mistakes. Routes: While all the fraud was going on, Rubin and Karki were cheating many people on the way. ·         1. Corporation: Rubin and Karki were cheating the company by taking com pany assets and making personal purchases. G! len Grambart, a former FTC general manager, himself signal off on checks that were for personal purchases of Rubin and Karki. If you want to get a full essay, order it on our website: OrderCustomPaper.com

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