Synopsis for the Final Project (Due Unit 8):

In this course you will be required to complete a final project in lieu of a final exam, which will have to be submitted during Unit 8 of the course. Stated simply, this project will consist of a case study and analysis of:

· Choose a white collar criminal case. The case study and analysis focuses on your identification of the white collar crime

· Discuss the historical antecedents of the white collar crime.

· Discuss the historical developments of white collar crime and how it relates to the topic of your choice.

· Explain some of the basic issues and problems confronting contemporary law enforcement in combating the white collar crime you are discussing.

· Describe the general structure of the white collar crime you are discussing.

· Discuss the functions performed by local, state, and federal law enforcement as well as private security agencies in combating the white collar crime you are discussing.

· Describe the complex set of relationships that exist between the public, the government, the police, and private security firms in the fight against this white collar crime

Remember, this type of assignment will require research, thought, analysis and the application of the material we will cover in this course. You will be required to submit a five (6) page minimum (standard size) and (8) page maximum size12 pt font, double spaced document and fully referenced using APA citation style for all source materials. The paper shall be in 12 font, Arial, 

Synopsis for the Final Project (Due Unit 8):

In this course you will be required to complete a final project in lieu of a final exam, which will have to be submitted during Unit 8 of the course. Stated simply, this project will consist of a case study and analysis of:

· Choose a white collar criminal case. The case study and analysis focuses on your identification of the white collar crime

· Discuss the historical antecedents of the white collar crime.

· Discuss the historical developments of white collar crime and how it relates to the topic of your choice.

· Explain some of the basic issues and problems confronting contemporary law enforcement in combating the white collar crime you are discussing.

· Describe the general structure of the white collar crime you are discussing.

· Discuss the functions performed by local, state, and federal law enforcement as well as private security agencies in combating the white collar crime you are discussing.

· Describe the complex set of relationships that exist between the public, the government, the police, and private security firms in the fight against this white collar crime

Remember, this type of assignment will require research, thought, analysis and the application of the material we will cover in this course. You will be required to submit a five (6) page minimum (standard size) and (8) page maximum size12 pt font, double spaced document and fully referenced using APA citation style for all source materials. The paper shall be in 12 font, Arial, and shall not have been turned in previously to any other instructor. The document must include your name, MOD and course title.

NOTE: the title page and citation / bibliography page do NOT count as pages.

You should review the grading rubric before beginning the project, while writing the document and upon completion to ensure you have covered all that is required in your final draft.

Running head: ENRON 1

ENRON 2

Enron

Having revenue that is more than $100 billion and the named distinction by fortune as most innovative company in America, Enron was the indestructible energy seemingly giant at the start of the 2000s. Therefore, during the time it rises in the 90’s, there were rumors that it had accounting procedures that were illegal with the accounting firm Arthur Andersen LLP, and also the Big Five accounting firm (Ferenczy, 2019). Jeffrey Skilling, who was a Chief Executive Officer, had millions of dollars of debt that was hidden through poor financial reporting, accounting loopholes using special entities purpose. Andrew Fastow, Chief Operations Officer, deceived the Board of Directors with his board practices and the Arthur Andersen firm went along for the ride. After plummet of the stock, the Security and Exchange Commission conducted an investigation and it ultimately resulted in a 24-year prison sentence for Jeffrey Skilling and a six-year term for Fastow. Kenneth Lay, who was a founder, died of a heart attack before sentencing.

The Enron scandal was public by October 2001. The scandal brought out the bankruptcy of the Enron Corporation, an energy company based in Houston, Texas and the dissolution of the accounting firm Arthur Andersen, LLP. This was the largest bankruptcy of an American Organization in history at the time. Shareholders of Enron filled a lawsuit of $40 billion after the price of the stock in the company; this brought a high of $90.75 per share in the middle of 2000, and plummeted to less than $1 by the end of November 2001. The United States Exchange and Securities Commission started an investigation, and rival competitor Houston Dynegy made a lowball offer to purchase the company. There was a fail in the deal, and on December 2, 2001, Enron filed for Chapter 11. Enron’s 63.4 billion dollar assets made it being the biggest bankruptcy in corporate America’s history until the bankruptcy of WorldCom the next year.

Many Enron executives were charged with a variety of crimes and sentenced to prison (Ugwulali, 2019). Arthur Andersen LLP was caught destroying documents that were pertinent Security and Exchange Commission’s investigation which render void its ability to audit a public trading company. The company was audited and effectively closed. Shareholders and employees at Enron received returns that were limited in lawsuit, despite having lost billions in stock prices and pensions. Consequently, due to the scandal, new legislation and regulations were made for expanding the financial reporting accuracy for public trading companies. One legislation piece, the Act of Sarbanes-Oxley, increased the penalties for altering, fabricating or destroying federal investigation records for trying to defraud shareholders.

Court Documentation, Articles, Reports

ARTHUR ANDERSEN LLP V. UNITED STATES. (2005, May 31). Retrieved February 25, 2020, from

https://www.law.cornell.edu/supct/html/04-368.ZS.html

Former Enron Chief Financial Officer Andrew Fastow Pleads Guilty to Conspiracy to Commit Securities and Wire Fraud, Agrees to Cooperate with Enron Investigation. (2004, January 14). Retrieved February 25, 2020, from

https://archives.fbi.gov/archives/news/pressrel/press-releases/former-enron-chief-financial-officer-andrew-fastow-pleads-guilty-to-conspiracy-to-commit-securities-and-wire-fraud

Former Enron Chief Financial Officer Andrew Fastow Sentenced to Six Years in Prison for Conspiracy to Commit Securities and Wire Fraud. (n.d.). Retrieved February 25, 2020, from

https://www.justice.gov/archive/opa/pr/2006/September/06_crm_647.html

Skilling v. United States, 561 U.S. 358 (2010). (n.d.). Retrieved February 25, 2020, from

https://supreme.justia.com/cases/federal/us/561/358/

United States Department of Justice, & Doj. (n.d.). U.S. Department of Justice Case Highlights. Retrieved February 25, 2020, from

https://www.justice.gov/archive/index-enron.html

References

Ginsburg, M. D., Rocap, D. E., & Levin, J. S. (2019). Mergers, Acquisitions, & Buyouts: November 2019 Edition. Aspen Publishers.

Ugwulali, J. (2019). Essentials of Forensic Accounting and Fraud Management. First Edition Design Pub.

Ferenczy, I. H. (2019). Employee Benefits in Mergers and Acquisitions: 2019-2020 Edition. Aspen Publishers.

This course is designed to expose you to various aspects of White Collar Crime versus conventional crime. In recent years, white collar crime has received more attention from the criminal justice system, and there is reason to believe this attention will increase in the coming years. The knowledge you will gain in the course and the research you will undertake should yield a final project in which you can conduct a technical analysis and discussion of white collar crimes committed by criminals, in a designated approved case study.

Synopsis for the Final Project (Due Unit 8):

In this course you will be required to complete a final project in lieu of a final exam, which will have to be submitted during Unit 8 of the course. Stated simply, this project will consist of a case study and analysis of:

· Choose a white collar criminal case. The case study and analysis focuses on your identification of the white collar crime

· Discuss the historical antecedents of the white collar crime.

·

Discuss the historical developments of white collar crime and how it relates to the topic of your choice.

· Explain some of the basic issues and problems confronting contemporary law enforcement in combating the white collar crime you are discussing.

· Describe the general structure of the white collar crime you are discussing.

· Discuss the functions performed by local, state, and federal law enforcement as well as private security agencies in combating the white collar crime you are discussing.

· Describe the complex set of relationships that exist between the public, the government, the police, and private security firms in the fight against this white collar crime

Remember, this type of assignment will require research, thought, analysis and the application of the material we will cover in this course. You will be required to submit a five (6) page minimum (standard size) and (8) page maximum size12 pt font, double spaced document and fully referenced using APA citation style for all source materials. The paper shall be in 12 font, Arial, and shall not have been turned in previously to any other instructor. The document must include your name, MOD and course title.

NOTE: the title page and citation / bibliography page do NOT count as pages.

You should review the grading rubric before beginning the project, while writing the document and upon completion to ensure you have covered all that is required in your final draft. Evaluation Rubric for Final Project Assignment

CRITERIA

Novice

Proficient

Exemplary

Identified the Elements of Applicable white collar crime Violations

Project simply stated the crimes but failed to identify the elements of the crimes No critical evaluation.

0-20 points

Project identified some of the crimes and the respective elements of each white collar crime, and identified; some critical thinking and analysis are evident.
21-26 points

Project clearly identifies the crimes and the respective elements of each white collar crime, and critical thinking and analysis are evident.

27-30 points

Accurate Support

Project contained many inaccuracies or assumptions not supported by law, precedents, or established criminal law.

0-20 points

Project contained only minor inaccuracies or at least one assumption not supported by law, precedents, or established criminal law.
21-26 points

Project is accurate, substantive and assumptions are completely supported by applicable law, precedents, or acceptable criminal law.

27-30 points

Technical Requirements

Some technical requirements were incorporated and/or the case used in the final project was NOT submitted with support and approved by the instructor in Unit 2.
0-13 points

Most technical requirements were incorporated and the case used in the final project was submitted with support and approved by the instructor in Unit 2.
14-17 points

All technical requirements were incorporated and the case used in the final project was submitted with support and approved by the instructor in Unit 2.
18-20 points

Professional Writing and Format

Errors impede professional presentation; guidelines not followed.

0-13 points

Few errors that do not impede professional presentation, but should have been edited.
14-17 points

Writing and format is clear, professional, APA compliant, and error free.

18-20 points

Total Points for Assignment

100 points

This course is designed to expose you to various aspects of White Collar Crime versus conventional crime. In recent years, white collar crime has received more attention from the criminal justice system, and there is reason to believe this attention will increase in the coming years. The knowledge you will gain in the course and the research you will undertake should yield a final project in which you can conduct a technical analysis and discussion of white collar crimes committed by criminals, in a designated approved case study.

Synopsis for the Final Project (Due Unit 8):

In this course you will be required to complete a final project in lieu of a final exam, which will have to be submitted during Unit 8 of the course. Stated simply, this project will consist of a case study and analysis of:

· Choose a white collar criminal case. The case study and analysis focuses on your identification of the white collar crime

· Discuss the historical antecedents of the white collar crime.

·

Discuss the historical developments of white collar crime and how it relates to the topic of your choice.

· Explain some of the basic issues and problems confronting contemporary law enforcement in combating the white collar crime you are discussing.

· Describe the general structure of the white collar crime you are discussing.

· Discuss the functions performed by local, state, and federal law enforcement as well as private security agencies in combating the white collar crime you are discussing.

· Describe the complex set of relationships that exist between the public, the government, the police, and private security firms in the fight against this white collar crime

Remember, this type of assignment will require research, thought, analysis and the application of the material we will cover in this course. You will be required to submit a five (6) page minimum (standard size) and (8) page maximum size12 pt font, double spaced document and fully referenced using APA citation style for all source materials. The paper shall be in 12 font, Arial, and shall not have been turned in previously to any other instructor. The document must include your name, MOD and course title.

NOTE: the title page and citation / bibliography page do NOT count as pages.

You should review the grading rubric before beginning the project, while writing the document and upon completion to ensure you have covered all that is required in your final draft. Evaluation Rubric for Final Project Assignment

CRITERIA

Novice

Proficient

Exemplary

Identified the Elements of Applicable white collar crime Violations

Project simply stated the crimes but failed to identify the elements of the crimes No critical evaluation.

0-20 points

Project identified some of the crimes and the respective elements of each white collar crime, and identified; some critical thinking and analysis are evident.
21-26 points

Project clearly identifies the crimes and the respective elements of each white collar crime, and critical thinking and analysis are evident.

27-30 points

Accurate Support

Project contained many inaccuracies or assumptions not supported by law, precedents, or established criminal law.

0-20 points

Project contained only minor inaccuracies or at least one assumption not supported by law, precedents, or established criminal law.
21-26 points

Project is accurate, substantive and assumptions are completely supported by applicable law, precedents, or acceptable criminal law.

27-30 points

Technical Requirements

Some technical requirements were incorporated and/or the case used in the final project was NOT submitted with support and approved by the instructor in Unit 2.
0-13 points

Most technical requirements were incorporated and the case used in the final project was submitted with support and approved by the instructor in Unit 2.
14-17 points

All technical requirements were incorporated and the case used in the final project was submitted with support and approved by the instructor in Unit 2.
18-20 points

Professional Writing and Format

Errors impede professional presentation; guidelines not followed.

0-13 points

Few errors that do not impede professional presentation, but should have been edited.
14-17 points

Writing and format is clear, professional, APA compliant, and error free.

18-20 points

Total Points for Assignment

100 points