Essay Available:
Pages:
1 pages/≈275 words
Sources:
5
Style:
APA
Subject:
Education
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 3.96
Topic:
Securities Fraud and Sentencing
Essay Instructions:
Complete your own research by finding a single case of securities fraud. Explain the incident which ultimately led to the prosecution, conviction and sentencing of the offender(s).
Michael Milken Case:
Determine whether you think the sentencing was appropriate.
Defend your position either way.
Explain how you think the sentencing should be for these types of crimes.
Essay Sample Content Preview:
Securities Fraud and Sentencing
Name
Instructor`s Name
Course Title
Date
Securities Fraud and Sentencing
Michael R. Milken
Securities fraud is the intentional act of deception, concealment; omission of information concerning financial matters for purposes of cheating investors while violating security laws for personal gain (Levi, 2010). Michael R. Milken committed one of the biggest frauds in the world in the 1980`s. He invented the junk bond at Drexel Burnham Lambert, a New York securities house (Daly, 2011). He influenced the buyouts of stable companies and then gutted them to garner personal fortunes leaving the employees and stockholders with ruins. He maximised on the financial problems in the world system to advice small companies to seek large amounts of money through junk bond sales to settle off their debts (Adams, 1993). This resulted in rich traders buying off small firm`s debts, and then using the stock leverage they gained to take over the firms. So many firms died as a result and in 1990, he was charged with several counts of fraud and pleaded guilty to six counts that involved ...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now: