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NCJRS Abstract

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NCJ Number: 41380 Find in a Library
Title: SWINDLED - CLASSIC BUSINESS FRAUDS OF THE SEVENTIES
Editor(s): D MOFFITT
Date Published: 1976
Page Count: 189
Sponsoring Agency: Dow Jones Books
Princeton, NJ 08540
Sale Source: Dow Jones Books
P.O. Box 300
Princeton, NJ 08540
United States of America
Type: Report (Study/Research)
Language: English
Country: United States of America
Annotation: THE VOLUME DESCRIBES SIX CLASSIC BUSINESS FRAUDS OF THE 1970'S AND FOCUSES ON THE CAUSES, METHODS, AND EFFECTS OF FRAUD.
Abstract: IT EXAMINES THE VARIOUS MOTIVES BEHIND FRAUD AND RAISES PERTINENT QUESTIONS ABOUT THIS CRIME IN THE UNITED STATES. SOME OF THE QUESTIONS DISCUSSED ARE HOW THE COURTS PUNISH A SWINDLER, WHAT HAPPENS TO RINGLEADERS OF FRAUD SCHEMES AND THEIR ACCOMPLICES, WHAT CAN BE DONE TO PREVENT MASS SWINDLES, AND WHO FINALLY PAYS FOR LARGE-SCALE FRAUD. DETAILED ANALYSES ARE PRESENTED OF THE FRAUD SCHEMES OF JESSE D. QUISENBERRY; STANLEY GOLDBLUM, FOUNDER AND CHIEF EXECUTIVE OF EQUITY FUNDING CORPORATION; ROBERT TRIPPET, A WEALTHY LAWYER AND ORGANIZER OF THE HOME-STAKE PRODUCTION COMPANY; ROBERT VESCO, OF INTERNATIONAL NOTORIETY; MOE STEINMAN, A NEW YORK MEAT BROKER; AND JACK DICK, A NEW YORK PROMOTER WHO ORGANIZED THE BLACK WATCH FARMS TAX SHELTER. AS EACH OF THESE FRAUD SCHEMES DEMONSTRATE, INVESTORS SHOULD BE WARY OF BUSINESS VENTURES THAT PROMISE LARGE PROFITS IN A SHORT TIME. CORPORATIONS WITH IMPRESSIVE-LOOKING NAMES ARE NO MORE TRUSTWORTHY OR SECURE FROM MANIPULATION THAN THE ORDINARY PEOPLE WHO SIGN AND COUNTERSIGN THE CHECKS. ON THE STRENGTH OF A CERTIFIED FINANCIAL STATEMENT, A DUBIOUS ENTERPRISE MAY RAISE MILLIONS OF DOLLARS. THE INNOCENT VICTIM OF LARGE-SCALE FRAUD IS THE GENERAL PUBLIC WHO MUST PAY HIGHER TAXES. NO REFERENCES ARE PROVIDED.
Index Term(s): Case studies; Criminal methods; Embezzlement; Fraud; Profiteering; Prosecution; White collar crime
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http://www.ncjrs.gov/App/publications/abstract.aspx?ID=41380

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