Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Ethics
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Weekend June 5, 2021 The ew head of trhe SEC removed all members of hrte PCAOB. Sanders and Warren had urged their removal. Perhaps the PCAOB will do something about all the problem they find in Big 4 audits.
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Thursday May 26 2021 hIrene scott plead guilty to stealing $1.7 M.
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Wed April 14 2021 The architect of the biggest Ponzi Scheme in history has died. He managed to dodge regulators for years given his knowledge of how they worked. He never actually made a trade simply depositing money from later investors and paying off earlier investors. The collapse do markets ij 2009 resulted in a…
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Thursday April 1 2021 hWhataburger will award its 46,000 employees an average off $2,000 bonus for a job well donen during the pandemic Nice to see a this happening right here in SA
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Tuesday March 30 2021 Here is another story on Archegos meltdown last Friday. https://finance.yahoo.com/news/one-world-greatest-hidden-fortunes-002617417.html I wonder how many more Bill Hwang's are out there, borrowing more and more, higher and higher leverage, and losses all around when the margin calls arrive.A popular idea in the late 1980s was the concept of portfolio insurance.…
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tuesday March 30 2021 Goldman Sachs Group Inc. and Morgan Stanley were quick to move large blocks of assets before other large banks that traded with Archegos Capital Management, as the scale of the hedge fund’s losses became apparent, according to people with knowledge of the transactions. The strategy helped limit the U.S. firms’ losses…
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Weekend March 272 2021 El Paso businessman, 59-year-old Victor Manuel Gonzalez, sole proprietor of the now-closed Tax Preparation Service, allegedly underreported his income on personal tax returns causing a tax loss of over $100,000, announced U.S. Attorney Ashley C. Hoff and Special Agent in Charge Richard D. Goss, Internal Revenue Service Criminal Investigation (IRSCI), Houston…
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Wed March 24 2021 A former Citgo Petroleum Corp. procurement officer pleaded guilty to a federal criminal charge for his role in a scheme involving the payment of millions of dollars in bribes to help individuals obtain contracts from Citgo and its parent company, the U.S. Justice Department said this week. Jose Luis De…
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Tuesday March 23, 2021 Here is the official trailer for the 19743 movie Day of the Jackal. Anti Gaulists had tried and failed to assasinate Charles De Gaulle several times. In desperation they hire a professional hit man known only as Jackal, played by Edward Fox. Watch the first few seconds of the trailer when…
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Monday March 22 2021 https://www.expressnews.com/business/article/Ex-state-Sen-Carlos-Uresti-s-co-defendant-16044086.php?utm_source=newsletter&utm_medium=email&utm_campaign=SAEN_210Report&utm_term=news&utm_content=headlines&sid=5bbcfeb73f92a45e831e00e Gary Cain, who three years ago was convicted with ex-state Sen. Carlos Uresti in a scheme to defraud investors, has asked a judge for his release from federal prison. Cain, 64, cited a numerous medical problems, including a bad heart, obesity, hypertension and rheumatoid arthritis, in making the request. His…
Professor Elam 