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Barry Minkow
Barry Jay Minkow (born March 22, 1966) is a former American businessman, pastor, and convicted felony, felon. While still in high school, Minkow founded ZZZZ Best (), which appeared to be an immensely successful carpet-cleaning and restoration company. However, it was actually a front organization, front to attract investment for a massive Ponzi scheme. ZZZZ Best collapsed in 1987, costing investors and lenders $100 million in one of the largest investment frauds ever perpetrated by a single person, as well as one of the largest accounting frauds in history. The scheme is often used as a case study of accounting fraud. After being released from jail, Minkow became a pastor and fraud investigator in San Diego, and spoke at churches and schools about ethics. This came to an end in 2011, when he admitted to helping stock manipulation, deliberately drive down the stock price of homebuilder Lennar and was ordered back to prison for five years. Three years later, Minkow admitted to defr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Inglewood, California
Inglewood is a city in southwestern Los Angeles County, California, United States, in the Greater Los Angeles, Greater Los Angeles metropolitan area. As of the 2020 United States census, 2020 U.S. census, the city had a population of 107,762. It is in the South Bay (Los Angeles County), South Bay region of Los Angeles County, near Los Angeles International Airport. The Inglewood area was developed following the opening of the Venice–Inglewood Line, Venice–Inglewood railway in 1887 and incorporated as a city on February 14, 1908. The Inglewood Oil Field is the largest urban oil field in the US. The city is a major hub for professional sports with several teams that have played in Inglewood's venues. The Kia Forum, an indoor arena, opened in 1967 and hosted the Los Angeles Lakers of the National Basketball Association, Los Angeles Kings of the National Hockey League, and the Los Angeles Sparks of the Women's National Basketball Association, until the opening of Staples Cente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Accounting Fraud
Accounting scandals are business scandals that arise from intentional manipulation of financial statements with the disclosure of financial misdeeds by trusted executives of corporations or governments. Such misdeeds typically involve complex methods for misusing or misdirecting funds, overstating revenues, understating expenses, overstating the value of corporate assets, or underreporting the existence of liabilities; these can be detected either manually, or by means of deep learning. It involves an employee, account, or corporation itself and is misleading to investors and shareholders. This type of "creative accounting" can amount to fraud, and investigations are typically launched by government oversight agencies, such as the Securities and Exchange Commission (SEC) in the United States. Employees who commit accounting fraud at the request of their employers are subject to personal criminal prosecution. Two types of fraud Misappropriation of assets Misappropriat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Thomas Nelson (publisher)
Thomas Nelson is a publishing firm that began in West Bow, Edinburgh, Scotland, in 1798, as the namesake of its founder. It is a subsidiary of HarperCollins, the publishing unit of News Corp. It describes itself as a "world leading publisher and provider of Christian content". Its most successful title to date is ''Heaven Is for Real''. In Canada, the Nelson imprint is used for educational publishing. In the United Kingdom, it was an independent publisher until 1962, and later became part of the educational imprint Nelson Thornes. British history Thomas Nelson Sr. founded the shop that bears his name in Edinburgh in 1798, originally as a second-hand bookshop at 2 West Bow, just off the city's Royal Mile#Lawnmarket, Lawnmarket, recognizing a ready market for inexpensive, standard editions of non-copyright works, which he attempted to satisfy by publishing reprints of classics. By 1822, the shop had moved to 9 West Bow, and a second shop had opened at 230 Royal Mile#High Stree ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Check Kiting
Check kiting or cheque kiting (spelled differently in American and British English spelling) is a form of check fraud, involving taking advantage of the float (money supply), float to make use of non-existent funds in a checking account, checking or other bank account. In this way, instead of being used as a negotiable instrument, checks are misused as a form of unauthorized Credit (finance), credit. History of the term The term "check kiting" first came into use in the 1920s. It stemmed from a 19th century practice of issuing IOUs and bonds without any Collateral (finance), collateral. That practice became known as "kite flying, flying a kite", as there was nothing to support the loan besides air. Description and varieties Kiting is commonly defined as intentionally writing a check for a value greater than the account balance from an account in one bank, then writing a check from another account in another bank, also with non-sufficient funds, with the second check servin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Working Capital
Working capital (WC) is a financial metric which represents operating liquidity available to a business, organisation, or other entity, including governmental entities. Along with fixed assets such as plant and equipment, working capital is considered a part of operating capital. Gross working capital is equal to current assets. Working capital is calculated as current assets minus current liabilities. If current assets are less than current liabilities, an entity has a working capital deficiency, also called a working capital deficit and negative working capital. A company can be endowed with assets and profitability but may fall short of liquidity if its assets cannot be readily converted into cash. Positive working capital is required to ensure that a firm is able to continue its operations and that it has sufficient funds to satisfy both maturing short-term debt and upcoming operational expenses. The management of working capital involves managing inventories, accounts rece ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Cleveland High School (Los Angeles)
Grover Cleveland Charter High School is a public school serving grades 9–12. Cleveland Humanities Magnet is part of Cleveland Charter High School. The school is located along the community of Reseda Ranch within the neighborhood of Reseda, in the San Fernando Valley portion of the city of Los Angeles, California. Cleveland offers certain pathways and academic programs to personalize learning to the students, allowing for self-exploration. Cleveland offers a Media Arts, Visual Arts, STEM, Performing Arts, Liberal Studies, and World Language pathway. Cleveland's academic programs include the Academy of Art and Technology (AOAT) and the School for Advanced Studies (SAS). It has two magnet programs including the Humanities Magnet and the Global Media Studies Magnet. Cleveland, a part of the Los Angeles Unified School District, was named after President Grover Cleveland. It was in the Los Angeles City High School District until 1961, when it merged into LAUSD. In 2010, Cleveland Hig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Telemarketing
Telemarketing (sometimes known as inside sales, or telesales in the UK and Ireland) is a method of direct marketing in which a salesperson solicits prospective customers to buy products, subscriptions or services, either over the phone or through a subsequent face to face or web conferencing appointment scheduled during the call. Telemarketing can also include recorded sales pitches programmed to be played over the phone via automatic dialing. Telemarketing is defined as contacting, qualifying, and canvassing prospective customers using telecommunications devices such as telephone, fax, and internet. It does not include direct mail marketing. Categories The two major categories of telemarketing are business-to-business and business-to-consumer. Subcategories * Lead generation, the gathering of information and contacts. * Sales, using persuasion to sell a product or service. * Outbound, proactive marketing in which prospective and preexisting customers are contacted directly, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Fortune (magazine)
''Fortune'' (stylized in all caps) is an American global business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, a global business media company. The publication was founded by Henry Luce in 1929. The magazine competes with ''Forbes'' and '' Bloomberg Businessweek'' in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists including ranking companies by revenue such as in the ''Fortune'' 500 that it has published annually since 1955, and in the ''Fortune'' Global 500. The magazine is also known for its annual ''Fortune Investor's Guide''. History ''Fortune'' was founded by ''Time'' magazine co-founder Henry Luce in 1929, who declared it as "the Ideal Super-Class Magazine", a "distinguished and de luxe" publication "vividly portraying, interpreting and recording the Industrial Civilization". Briton Hadden, Luce's business partner, was no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Jewish
Jews (, , ), or the Jewish people, are an ethnoreligious group and nation, originating from the Israelites of History of ancient Israel and Judah, ancient Israel and Judah. They also traditionally adhere to Judaism. Jewish ethnicity, religion, and community are highly interrelated, as Judaism is their ethnic religion, though it is not practiced by all ethnic Jews. Despite this, religious Jews regard Gerim, converts to Judaism as members of the Jewish nation, pursuant to the Conversion to Judaism, long-standing conversion process. The Israelites emerged from the pre-existing Canaanite peoples to establish Kingdom of Israel (Samaria), Israel and Kingdom of Judah, Judah in the Southern Levant during the Iron Age.John Day (Old Testament scholar), John Day (2005), ''In Search of Pre-Exilic Israel'', Bloomsbury Publishing, pp. 47.5 [48] 'In this sense, the emergence of ancient Israel is viewed not as the cause of the demise of Canaanite culture but as its upshot'. Originally, J ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
San Fernando Valley
The San Fernando Valley, known locally as the Valley, is an urbanized valley in Los Angeles County, Los Angeles County, California. Situated to the north of the Los Angeles Basin, it comprises a large portion of Los Angeles, the Municipal corporation, incorporated cities of Burbank, California, Burbank, Calabasas, California, Calabasas, Glendale, California, Glendale, Hidden Hills, California, Hidden Hills and San Fernando, California, San Fernando, plus several unincorporated areas. The valley is the home of Warner Bros. Studios Burbank, Warner Bros. Studios, Walt Disney Studios (Burbank), Walt Disney Studios, and the Universal Studios Hollywood theme park. Geography The valley of San Fernando is an area of , bounded by the San Gabriel Mountains in the northeast, the Verdugo Mountains in the east, the Santa Monica Mountains and Chalk Hills in the south, the Simi Hills in the west, and the Santa Susana Mountains in the northwest. The northern Sierra Pelona Mountains, northweste ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Reseda, Los Angeles
Reseda is a neighborhood in the San Fernando Valley region of Los Angeles, California. It was founded in 1912, and its central business district started developing in 1915. The neighborhood was devoted to agriculture for many years. Earthquakes struck the area in 1971 San Fernando earthquake, 1971 and 1994 Northridge earthquake, 1994. The neighborhood has 15 public and five private schools. The community includes public parks, a senior center and a regional branch library. History Founding and growth The area now known as Reseda was inhabited by Indigenous peoples of the Americas, Native Americans of the Tongva tribe who lived close to the Los Angeles River. In 1909 the Suburban Homes Company, a syndicate led by Hobart Johnstone Whitley, H. J. Whitley, general manager of the Board of Control, Harry Chandler, Harrison Gray Otis (publisher), H.G. Otis, Moses Sherman, M.H. Sherman and O.F. Brandt purchased 48,000 acres of the Farming and Milling Company for $2,500,000. Henry E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Restitution
Restitution and unjust enrichment is the field of law relating to gains-based recovery. In contrast with damages (the law of compensation), restitution is a claim or remedy requiring a defendant to give up benefits wrongfully obtained. Liability for restitution is primarily governed by the "principle of unjust enrichment": A person who has been unjustly enriched at the expense of another is required to make restitution. This principle derives from late Roman law, as stated in the Latin maxim attributed to Sextus Pomponius, ''Jure naturae aequum est neminem cum alterius detrimentum et injuria fieri locupletiorem'' ("By natural law it is just that no one should be enriched by another's loss or injury"). In civil law systems, it is also referred to as enrichment without cause or unjustified enrichment. In pre-modern English common law, restitutionary claims were often brought in an action for '' assumpsit'' and later in a claim for money had and received. The seminal case giving ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
