The Metropolitan Council on Jewish Poverty (Met Council) terminated Executive Director and Chief Executive Officer William Rapfogel in August of 2013 after the Board of Directors became aware of specific information regarding financial irregularities and apparent misconduct in connection with the organization’s insurance policies. As one of New York City’s largest human services agencies, providing over 100,000 New Yorkers each year with assistance in their fight against poverty, the Met Council took this information seriously. In order to ensure the Met Council’s operations are conducted with integrity and that their commitment to uphold high values is continued, the respected leader for over forty years promptly retained outside counsel to perform a full investigation into the matter (Metropolitan Council on Jewish, 2013).
Mr. Rapfogel was charged with conspiring to inflate insurance payments and keeping one million dollars for himself, most of which was stashed in his Manhattan apartment that he shared with his wife. Some of the money was funneled to politician’s campaigns, who then kept his nonprofit flush with government funding. The twenty year scheme is alleged to have skimmed five million dollars from the venerable charity. (Hawkins, 2013). The case was brought to light by someone known as a whistle-blower. A whistle-blower is a person who reports illegal activity of their employers or of their organization to authorities (Colorado State University-Global Campus, 2014). Cases such as this raise questions about nonprofit organizations and their ability manage finances and the oversight that may or may not be present.
Mr. Rapfogel is expected to face charges of grand larceny. According to Colorado State University-Glo...
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...tor in the community.
Works Cited
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Colorado State University-Global Campus. (2014). Module 7 – Criminal Law. [Blackboard ecourse]. In MGT 320 – The Legal and Ethical Environment of Business (p. 1). Greenwood Village, CO: Author.
Hawkins, A. (2013). Charity bigwig charged in $5 million scheme. Crain's New York Business, 29(39), 2.
Metropolitan Council on Jewish, P. (2013). Met Council Announces Termination of CEO William Rapfogel. Business Wire
Rashbaum, W. (2013). Charity’s fired chief to face grand larceny charges. The New York Times. Retrieved from http://www.nytimes.com/2013/09/24/nyregion/charitys-fired-chief-executive-is-expected-to-face-grand-larceny-charges.html?_r=0
The news article that I decided to do my assignment on is about a bank manager, Debra Anne Chapin, that embezzled 2 million dollars from a bank. The news article’s title is, “Former manager jailed for cheating bank out of $2M; Woman used cash to pay bills, gamble and feed her cocaine habit.” The crime took place in Calgary between June 1, 2006 and June, 30 2008. This embezzlement is a classic case of white collar crime and demonstrates numerous criminological theories.
On March 5, 2004, Martha Stewart, a successful business woman and the founder of Martha Stewart Living Omnimedia was sentenced by the jury to five months in prison at a minimum-security federal prison, another five months of home confinement along with 19 months of probation and $30,00 fine. Stewart was found guilty on four counts in what seemed to be known as white-collar crime. In this paper, I will briefly explain, identify and answer respectively in order on the three topics of, what crime did Martha Stewart commit, what evidence did the jury appear to find most convincing and whether should Stewart have received prison time. I will be using my own ideas along with the researches from reputable and credible sources to support my ideas.
Rita Crundwell was the trusted comptroller and treasurer of Dixon, Illinois with a passion for horses. She took advantage of her trust and responsibility to commit the largest known municipal fraud in the history of the United States. This fraudster has surprised and astounded people around the world by the amount of the fraud and for how long it went. Rita served the small town of Dixon from 1983 to 2012 until sentenced to nearly twenty years in federal prison for embezzling an astonishing $53.7 million. The story of this Dixon Commissioner shocked her small town and is studied by auditors all over.
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Hundley, K. (2013, June 13). Above the law: America's worst charities. CNN. Retrieved April 5, 2014, from http://www.cnn.com/2013/06/13/us/worst-charities/
- If all of the options were explored, and patient is given antibiotics and is treated without any pain or suffering than the treatment identifies with the ethnical principles of autonomy, non-maleficence, and veracity. In turn, Mrs. Dawson will be happy with the outcome of the procedure.
As of today, Robert Rizzo is nationally known as one of the greediest political figures in recent American history, after conducting a multimillion dollar scandal in one of the poorest cities in California, Bell. After his greedy actions were revealed in 2010, the entire city of Bell rallied together to overthrow his corrupt reign. (Neuman) They were successful in doing so by not only replacing him with a new city manager, but replaced everyone who had been linked with Rizzo’s malicious agenda. Robert Rizzo should have been more severely punished for his malicious acts and crimes against the city of Bell and its citizens. He was revealed to have stolen over $6 million dollars from the city’s treasury, been a participant in repeated bribery, and was found to have severely overcompensated himself and co-workers. (Gottlieb)
"SEC Charges Bernard L. Madoff for Multi-Billion Dollar Ponzi Scheme (2008–293)". SEC.gov. U.S. Securities and Exchange Commission. December 11, 2008. Web. 8 April 2014.
Rajat Gupta's journey into prison for insider trading marks an end to an astonishing success story and punctuates his quick fall from grace. The retired head of Mckinsey and a former Goldman Sachs board member was judged guilty of conspiracy and securities fraud for leaking secrets of the boardroom to billionaire hedge fund manager Raj. After almost a month long trial in Manhattan Fed Court, the jury took only 2 days to reach at a verdict. They found Gupta guilty of leaking confidential information about Goldman Sachs on 3 different occasions in 2008.They also convicted him on a conspiracy charge.
White-collar crime is defined as committed by public officials or businesspeople, defined as non-violent, and usually revolve around financial crimes. These crimes can cause companies to be destroyed, cost investors thousands of dollars, and even wipe a family’s entire life-savings. Insider trading, Ponzi schemes, and embezzlement are just a few types of white-collar crimes. In 1939, Edwin H. Sutherland, described white-collar crime as any violation of the law by a person of high status in their work-place. Sutherland also noted the white-collar criminals are less likely to be prosecuted than other offenders. The concept of white-collar crimes has been changed over recent decades. Blue-collar crimes are people who do not work in prestigious work-places; these are white-collar crimes, and work mundane jobs, like maintenance. This changed how people see white-collar crime, as it no longer only relates to people of high status. To help the concept of work-related crime, occupational...
N.C.G. S. (n.d.). § 14-72. Larceny of property; receiving stolen goods or possessing stolen goods.
Crime comes in different ways, shapes, and forms. From corruption to murder, the seriousness and blameworthiness varies from crime to crime. The most common factor of all crime is that it is illegal. The problem with prosecution is that some crimes can find loopholes around the rigidity of the laws created. This is the hardest for white collar crimes. With so many types of white collar crimes, it is hard to understand where it belongs on the scale on seriousness and blameworthiness and how to prosecute. With white collar crimes, they are most commonly seen as “victimless” or “paper” crimes, since they do not involve physical harm to the people included. With so many types available to analyze, the purpose of this paper is to focus on bribery, perjury, and fraud. When it comes to white collar crimes, or any crime for that matter, we do not only need to focus on what causes it and society’s reaction to it. We need to look into prevention of it and being able to stop it before it even starts.
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Champion, D 2011, ‘White-collar crimes and organizational offending: An integral approach’, International Journal of Business, Humanities, and Technology, vol. 1 no. 3, pp. 34-35.