` In this article, Amita Kelly summarizes and informs the public about a shift in Trump’s campaign board. Friday morning, Trump made a statement about how Paul Manafort turned in his resignation after being his lead campaign chairman for the 2016 election. Resigning only months before the final election. Manafort’s resignation might have been caused by a sudden “shakeup at the top of [Trump’s Campaign] operation...where Trump hired two new top campaign officials, which was widely seen as a demotion for Manafort.” But Manafort’s resignation might have been caused by the discovering of his name in a black ledger belonging to the former Ukrainian President, Viktor Yanukovych. This Black ledger contained names of people that received off the
Jordan Belfort is famous for his crooked way of earning his millions as a stockbroker on Wall Street. Even Belfort started at the bottom, on his first day in Wall Street he was told he was “lower than pond scum”(Belfort 1). After writing a book about his happenings on Wall Street, we’ve seen the
Campaign finance reform has a broad history in America. In particular, campaign finance has developed extensively in the past forty years, as the courts have attempted to create federal elections that best sustain the ideals of a representative democracy. In the most recent Supreme Court decision concerning campaign finance, Citizens United v. Federal Election Commission, the Court essentially decided to treat corporations like individuals by allowing corporations to spend money on federal elections through unlimited independent expenditures. In order to understand how the Supreme Court justified this decision, however, the history of campaign finance in regards to individuals must be examined. At the crux of these campaign finance laws is the balancing of two democratic ideals: the ability of individuals to exercise their right to free speech, and the avoidance of corrupt practices by contributors and candidates. An examination of these ideals, as well as the effectiveness of the current campaign finance system in upholding these ideas, will provide a basic framework for the decision of Citizens United v. FEC.
Throughout Chapter 6, author Matt Taibbi conveys to the reader how wealthy businessmen attempted to destroy Fairfax Financial Holdings, a Canadian-based bank firm. He discusses how Fairfax employees and executives were blackmailed and harassed. Spyro Contogouris, the ringleader of this blackmailing scheme, would call employees and hang up, send letters describing the future prosecution of Prem Watsa, CEO of Fairfax, and distribute rumors of Watsa leaving the country in fear of being investigated by the Royal Canadian Mounted Police. Moreover, Contogouris pretended to be a FBI agent to get information about Fairfax from Trevor Ambridge, an employee based in London. Little did Contogouris know, Ambridge was working as security personnel for
Genovese’s The Watergate Crisis is exceptionally well written and provides tremendous insight to readers, not only of the scandal itself but about the orchestrator of the orchestra known as Watergate. Being a book of history, which is often a difficult field to write in if one intends to both get the point across and keep the audience interested, Genovese does an impeccable job on both avenues. As only a part of a series it is hard to imagine what more there is to be explored after reading The Watergate Crisis seeing as the author makes a great use out of its each and every one of its 224 pages.
Everyday citizens often live unaware of their government’s inner workings. The knowing of political espionage is often too heavy of a subject to be inducted in conversation. True, prima facie, modest twists and turns of information may not be considered substantial, but this inconsideration leaves much to be uncontrolled. It is easy for political leaders to become power crazed, to not realize the massive implications that come of their actions. Only after all is said and done do the people actually realize their government is an opaque mask of deception. The Watergate Scandal substantially impacted Americans’ trust in their government.
"The Madoff Case: A Timeline". The Wall Street Journal. March 6, 2009. Web. 8 April, 2014. URL:http://online.wsj.com/news/articles/SB112966954231272304?mod=googlenews_wsj&mg=reno64wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB112966954231272304.html%3Fmod%3Dgooglenews_wsj
From a young age, Jordan always had a natural talent as a salesman. At an early age, he operated a door-to-door seafood and meat business in the 1980s. Upon the failure of those businesses, Belfort began selling stocks in 1987 at the age of 25. After two years of selling stocks, Jordan started his own investment operation, Stratton Oakmont, by 1989. With his partner, Danny Porush, Jordan gathered tremendous amounts of cash using a “pump and dump” scheme. Using this system, his brokers pushed stocks onto their unsuspecting clients, which helped inflate the stocks’ prices, and then the company would sell off its own holdings in these stocks at a great profit. The firm made millions illegally, defrauding its investors. The Securities Exchange Commission began efforts to stop the company's delinquent ways in 1992. In 1999, Belfort pleaded guilty to securities fraud and money laundering. He was sentenced in 2003 to four years in prison, but only served 22 months. (Source 6)
People always tell you that there are two subjects never to bring up at a dinner party, one is religion and the other is politics. Why is that? It is because both subjects invoke very strong emotions. Rather than saying something inappropriate, most people avoid talking about religion altogether. But get those same people in a room and ask their political opinions, that is a different story. For many reasons, people are vocal about their political beliefs (Bentz, 2013). Unfortunately, individuals will judge people by their political beliefs first, without notice to other important aspects of their lives. And that is the reason that politics is not brought up in dinner parties.
“Watergate” is a general term used to describe a complex web of political scandals between 1972 and 1974. Underlying
The first main attempt to regulate campaign financing occurred in 1971 with the Federal Election Campaign Act (FECA). The act set requirements for disclosure of contributions to federal campaigns, both presidential and congressional. The main regulation to financing occurred though after its amendment in 1974. After reports of big financial abuses in the 1972 presidential election and the Watergate scandal, people wanted more constraints on financing particularly those from special interest groups. The act required strict disclosure of campaign donations. Candidates had to name all contributors who donated more than $200 a year. They also set up contribution limits and expenditure limits. Individuals could not contribute more than $1,000 to a candidate and political action committees (PACs) could not contribute more than $5,000. There were also limits on expenditures from a candidate’s personal fund and on total campaign expenditures (The FEC, 2011).
Jordan Belfort is the notorious 1990’s stockbroker who saw himself earning fifty million dollars a year operating a penny stock boiler room from his Stratton Oakmont, Inc. brokerage firm. Corrupted by drugs, money, and sex he went from being an innocent twenty – two year old on the fringe of a new life to manipulating the system in his infamous “pump and dump” scheme. As a stock swindler, he would motivate his young brokers through insane presentations to rile them up as they defrauded investors with duplicitous stock sales. Toward the end of this debauchery tale he was convicted for securities fraud and money laundering for which he was sentenced to twenty – two months in prison as well as recompensing two – hundred million in restitution to any swindled stock buyers of his brokerage firm (A&E Networks Television). Though his lavish spending and berserk party lifestyle was consumed by excessive greed, he displayed both positive and negative aspects of business communications.
Fact No. 3, Halliburton faces criminal charges in a $180 million international bribery scandal during the time that Cheney was the CEO of the company.
Historical events such as the Watergate scandal develop political issues by the U.S president at that time, Richard M. Nixon that was exposed to society by the arrest of five thieves at the Democratic National Committee headquarters in the Watergate office on June 17, 1972. This incident led to further investigation by the U.S congress by the conspiracy they discovered by the arrest of the burglars, but meanwhile president Nixon resign to continue with the investigation which derives to suspect about his actions, and a constitutional crisis: “Washington Post reporters Bob Woodward and Carl Bernstein deserve a great deal of the credit for uncovering the details of the Watergate scandal. Their reporting won them a Pulitzer Prize and was the basis for their best-selling book ‘All the President’s Men.’ Much of their information came from an anonymous whistleblower they called Deep Throat, who in 2005 was revealed to be W. Mark Felt, a former associate director of the FBI” (History, 2009). Watergate became a political scandal because of clandestine activities, or better known as illegal activities by members of the Nixon administration. In fact, Nixon, not to be found guilty, had collaborators to cover his illegal actions such as those from the FBI, internal tax service (IRS), and the central agency of intelligence (CIA). In this way, Nixon could deceive not only the
Due to such lack of monitoring, management continued to be unaware of such transactions that continued to impact the company negatively. This provided the Rigas family many opportunities to override controls since the lack of corporate governance enabled the decisions to be made by Rigas family without oversight. For example, the article “Adelphia Officials are Arrested, Charged with ‘Massive’ Fraud” discuses how Timothy Rigas had to limit himself to $1 million a month of compensation that was withdrawn from the company for personal use. All decisions were continuously made by such members of the family, in which case for Adelphia, was the team of management. With the lack of controls creating opportunity, they were free to do what they wished- which is something they took incredible advantage
In a newscast given by anchor Bret Baier (Fox News) concerning Clinton’s investigation, he says “And barring some obstruction in some way, they (FBI) believe they will continue to likely an indictment.” After that article was published, media outlets such as Cable News Network, NYT, and ABC all issued reports disputing Fox’s. Baier quickly retracted his words, saying “It was a mistake and for that I’m sorry.” However, Baier unethically reported that an indictment was likely before he any evidence to support this statement. This report prompted multitudes of outlets to publish pieces refuting the newscas. However, this did not stop Trump supports from using the chance to defame Clinton’s name. This inaccurate report allowed Trump to once again fire up his followers by saying “the FBI is investigating how Hillary Clinton put the office of Secretary of State up for sale in violation of federal law.” Enabling Trump with unverified speculation allowed him to utilise his outlandish rhetoric to twist the accusations against Clinton. What started out as a simple email investigation was transformed into a “likely indictment and the sale of the Secretary of State position”. The issue of Clinton’s email investigation was exacerbated by unethical reporting that prompted Trump’s misleading outrageous