Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Ethics
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Thursday Aug 29, 2024 This is a story from today's WSJ. There is no social security system in China, instead individuals have invested in real estate, thinking it always increases in value. PwC expressed a clean opinion on Evergrande, the largest Chinese property developer. Now it seems Evergrand inflated sales numbers. Evergrande is now bankrupt,…
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Thursday Aug 15, 2024 A teenager on Detroit field trip to court got a lesson up close and personal. Read the story, the sponsor and the other judge were upset with Judge King, I would say there is hope for Detroit yet!
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Tuesday Aug 13, 2024 Denzell
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Tuesday Aug 6, 2024 Long time ethics students of mine will recognize this as similar to the Wells Fargo over charges and unrequested credit cards. Those who were over charged filed a class action lawsuit against USAA. Not admitting any wrong doing, USAA has settled, which is what so often happens. BY that I mean…
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Weekend July 28, 2024 The collapse of Archegos put the Credit Suisse out of business. Hwang found guilty of 10 of 11 counts fraud charges. Sentencing is set for Oct 28.
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Friday July 26, 2024 A man who claimed to be a Middle Eastern prince and touted sterling business connections to scam Texas investors pleaded guilty Thursday to wire fraud and agreed to pay $2.35 million in restitution. Dressed in a blue jail jumpsuit with a white long-sleeve shirt underneath, Alex Tannous, 39, admitted he swindled an…
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Thursday 6/27/2024 Bill Hwang is on trial now in NY for well I am not sure what he is charged with, the guilty parties are the dozen firms that loaned so much money. Anyway Bloomberg has pieced together the last three days of Archegos Archegos Last Three Days
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Weekend June 23, 2024 Todd and Julie Chrisley were sentenced to Federal Prison for defrauding community banks. Now an appelate panel has ruled Julie must be resentenced as she was not responsible for the entire bank fraud in 2006. Perhaps this will result in a lower sentence.
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Thursday June 13, 2024 Ms. Holmes had her sentence cut two years for good behavior in her first six weeks in Prison. Now she has shaved more time from her original 11 year sentence. It figures, con men / women are able to be very convincing or the frauds they promote would not succeed. So…
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Weekend June 9, 2024 hWell into her 50s This former policeman falsified COVID relief employee claims One would think she would resign and slip away from Atlanta, but no, she buys a 1 carat diamond ring and a Rolls Royce. What was she thinking? Answer she was not thinking, she lost what moral…
Professor Elam 