Wednesday, 11 June 2014

Fraudulent Activity of Refco and Adelphia Communications Corporation

With your research complete, write your 2-3 page paper regarding the fraudulent activity. Your report must identify the following for each company:

Issue – What types of fraudulent activity occurred?

Facts – Where did this activity take place? What was the scenario? Who was involved?

Weaknesses – What were the weaknesses within the company’s internal control structure that allowed for the fraud to occur?

Outcome – What was the court decision in this case?

Prevention/Detection - How would you have prevented and/or detected this fraud?

Financial Impact - What was the total dollar value of loss due to the fraudulent activity?


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