Digital Commons Network^™

A Dive Into Eb-5: A Need For Complete Modernization Of U.S. Investor-Based Immigration Program Or Eb-5 (Employment-Based Immigration: Fifth Preference), James Reiser

Touro Law Review

No abstract provided.

Bitcoin: Speculation Vs. Investment, Greyson Sklba

Renée Crown University Honors Thesis Projects - All

No abstract provided.

Resurrecting Magnuson-Moss Rulemaking: The Ftc At A Data Security Crossroads, Ian M. Davis

Emory Law Journal

Welcome to the digital age, where consumer data is more valuable than gold. In this era of information, companies treat personal data as a prized commodity, leveraging its potential to boost business and engage an ever-growing number of customers. Yet when companies fail to protect the sensitive data that they hold, consumers are left with few avenues to obtain redress for the harms they may have suffered. In an effort to protect consumers, the Federal Trade Commission (FTC) has been policing inadequate data security practices since the early 2000s. Using its broad authority under Section 5 of the Federal Trade …

2020 Faculty Accomplishments Reception, University Of Richmond

Faculty Accomplishments Reception Programs

Program for the 2020 Faculty Accomplishments Reception

In Honor of University of Richmond Faculty Contributions to Scholarship, Research and Creative Work, January 2019 - December 2019

March 5, 2020, 3:30 - 5:00 p.m.
Boatwright Memorial Library, Research & Collaborative Study Area, First Floor

The Role Of Intent In The Rise Of Individual Accountability In Aml-Bsa Enforcement Actions, Tyler Halloran

Fordham Journal of Corporate & Financial Law

The statutory framework which prohibits individuals at financial institutions from engaging in money laundering attributes criminal or civil liability on the basis of an individual’s culpability with respect to the prohibited conduct. A recent Department of Justice policy shift has begun to place a greater focus on the prosecution of individuals within corporations. This shift has led to increased prosecutions of compliance personnel and bank officials in recent years.

Through analysis of recent cases, this Note seeks to explore how the requirement of intentional and/or willful conduct defines the potential for criminal and/or civil exposure for compliance personnel and bank …

Protecting Crime Victims In State Constitutions: The Example Of The New Marsy's Law For Florida, Paul G. Cassell, Margaret Garvin

Journal of Criminal Law and Criminology

A majority of states have adopted state constitutional amendments protecting crime victims’ rights. Most of those amendments were adopted long ago and many fail to comprehensively address crime victims’ interests. In response to these shortcomings, the nation is seeing a new wave of state constitutional amendments protecting crime victims’ rights. Among these states is Florida, where in November 2018 Florida voters approved significantly expanded protections for crime victims in Florida’s Constitution—“Marsy’s Law for Florida.”

This Article explains in detail how Marsy’s Law for Florida provides important new protections for crime victims in the Florida criminal justice process. …

Consent, Appropriation By Manipulation, And The 10-Year Challenge: How An Internet Meme Complicated Biometric Information Privacy, Michael J. Slobom

Mitchell Hamline Law Review

No abstract provided.

Are Securities Laws Effective Against Climate Change? A Proposal For Targeted Climate Related Disclosure And Ghg Reduction, Nate Chumley

Fordham Journal of Corporate & Financial Law

The New York Attorney General filed a lawsuit against Exxon Mobil on October 24, 2018, claiming the company committed securities fraud in order to prop up the value of the company by publicly disclosing a higher proxy cost—or projected future cost—of climate change regulation than the internal cost used. Following this lawsuit, a federal class action was filed utilizing the same legal theory on the same facts. These lawsuits should be viewed as part of the larger history of lawsuits against large fossil fuel companies for climate change-related harms. Public nuisance theory largely captured a set of lawsuits against these …

Strategies To Mitigate The Effects Of Identity Theft In The Hospitality Industry, Patricia Lee Jirsa

Walden Dissertations and Doctoral Studies

Leaders in the U.S. hospitality industry experience significant losses in profitability, increased mitigation cost, and reduced revenues because of business and consumer identity theft. Grounded in the fraud triangle theory and the fraud diamond theory, the purpose of this qualitative multiple-case study was to explore strategies leaders in the hospitality industry use to mitigate identity theft. A purposeful sample of 5 leaders of 5 different hospitality businesses in Montana participated in the study. Data were collected through semistructured interviews, member checking, and a review of company documents. During data analysis using Yin’s 5-step process, 3 key themes emerged: a new …

Main Street Lending Program - Congressional Comments To Fed - From March 1, Federal Reserve System: Board Of Governors, U.S. Congress

Documents

Congressional comment letters sent to Fed since March 1 regarding the Main Street Lending Program, per FOIA request by Cezary Podkul of the Wall Street Journal dated April 23 and received by the Fed on April 24 (though, some of the documents included are later than April 24). The FOIA was partially granted November 23, 2020. See the cover letter to the Fed's response here: https://ypfs.som.yale.edu/library/wall-street-journal-federal-reserve-foia-2020-fed-cover-letter

Annual Report 2020, Korea Deposit Insurance Corporation (Kdic)

Documents

No abstract provided.

Lie To Me: Examining Specific Intent Under 18 U.S.C. §§ 1001, 1035

Florida A & M University Law Review

One court notes that the Supreme Court of the United States (“SCOTUS”) has previously not found specific intent to be required under similar language within Section 1001.9 While there are many similarities between Sections 1001 and 1035, there are salient differences. Notwithstanding the differences, this Article argues that Sections 1001 and 1035 should be interpreted without “intent to deceive” and rather be interpreted as a strict liability offense. This argument began with Part I, which provided a brief introduction regarding specific intent under Sections 1001 and 1035. Part II examines the purpose of criminalizing false statements, which identifies why the …

Addressing The Auditor Independence Puzzle: Regulatory Models And Proposal For Reform, Martin Gelter, Aurelio Gurrea-Martínez

Faculty Scholarship

Auditors play a major role in corporate governance and capital markets. Ex ante, auditors facilitate firms’ access to finance by fostering trust among public investors. Ex post, auditors can prevent misbehavior and prevent financial fraud by corporate insiders. In order to fulfill these goals, however, in addition to having the adequate knowledge and expertise, auditors must perform their functions in an independent manner. Unfortunately, auditors are often subject to conflicts of interest, for example, resulting from the provision of nonaudit services but also because of the mere fact of being hired and paid by the audited company. Therefore, even if …

Defending Data: Toward Ethical Protections And Comprehensive Data Governance, Elizabeth R. Pike

Emory Law Journal

The click of a mouse. The tap of a phone screen. Credit card purchases. Walking through an airport. Driving across a bridge. Our activities, both online and offline, are increasingly monitored, converted into data, and tracked. These troves of data—collected by entities invisible to us, stored in disparate databases—are then aggregated, disseminated, and analyzed. Data analytics—algorithms, machine learning, artificial intelligence—reveal “truths” about us; weaponize our data to influence what we buy or how we vote; and make decisions about everything from the mundane—which restaurant a search engine should recommend—to the significant—who should be hired, offered credit, granted parole. This Article …

Addressing The Auditor Independence Puzzle: Regulatory Models And Proposal For Reform, Martin Gelter, Aurelio Gurrea-Martinez

Vanderbilt Journal of Transnational Law

Auditors play a major role in corporate governance and capital markets. Ex ante, auditors facilitate firms' access to finance by fostering trust among public investors. Ex post, auditors can prevent misbehavior and prevent financial fraud by corporate insiders. In order to fulfill these goals, however, in addition to having the adequate knowledge and expertise, auditors must perform their functions in an independent manner. Unfortunately, auditors are often subject to conflicts of interest, for example, resulting from the provision of nonaudit services but also because of the mere fact of being hired and paid by the audited company. Therefore, even if …

From The Frontlines Of The Modern Movement To End Forced Arbitration And Restore Jury Rights, F. Paul Bland, Myriam E. Gilles, Tanuja Gupta

Articles

No abstract provided.

The Speedy Trial Clause And Parallel State-Federal Prosecutions, Ryan Kerfoot

Case Western Reserve Law Review

No abstract provided.

Against Regulatory Stimulus, Erik F. Gerding

Publications

With political constraints on fiscal responses and monetary policy confronting the zero lower bound, policymakers may be tempted to turn to financial deregulation as a tool to stimulate economic growth in a recession, a strategy I label “regulatory stimulus.” This article creates a framework for answer two questions: first, whether and when regulatory stimulus is effective in promoting macroeconomic growth, particularly in a severe recession or liquidity trap; and second, if regulatory stimulus is effective, whether it is worth the potential trade-offs in terms of longer-term macroeconomic policy objectives.

Ultimately, I find grounds for skepticism that financial deregulation can effectively …

Effective Data Analytics And Security Strategies In Internal Audit Organizations, Desiree Auchey

Walden Dissertations and Doctoral Studies

The digitization of the corporate and regulatory environment presents an opportunity for internal audit organizations to change their audit techniques and increase their value to corporations. Audit functions have not kept pace with these advancements, as evidenced by the massive frauds in recent years, and current audit methodology does not robustly incorporate analytics and security of data. Grounded in agency theory, the purpose of this qualitative case study was to explore successful strategies business leaders use to implement data analytics and security for internal auditing and fraudulent activity. The participants comprised 3 audit leaders in Pennsylvania, who effectively used data …

Strategies To Mitigate The Effects Of Identity Theft In The Hospitality Industry, Patricia Lee Jirsa

Walden Dissertations and Doctoral Studies

Leaders in the U.S. hospitality industry experience significant losses in profitability, increased mitigation cost, and reduced revenues because of business and consumer identity theft. Grounded in the fraud triangle theory and the fraud diamond theory, the purpose of this qualitative multiple-case study was to explore strategies leaders in the hospitality industry use to mitigate identity theft. A purposeful sample of 5 leaders of 5 different hospitality businesses in Montana participated in the study. Data were collected through semistructured interviews, member checking, and a review of company documents. During data analysis using Yin’s 5-step process, 3 key themes emerged: a new …

Marketing Training Strategies That Pharmaceutical Sales Managers Use To Reduce Unethical Behavior, Aseel Bin Sawad

Walden Dissertations and Doctoral Studies

Some pharmaceutical company sales representatives are using bribes to encourage increasing prescribing medication. GlaxoSmithKline paid $31 billion on a felony charge related to bribing doctors to prescribe the company’s medications. Using Hunt and Vitell’s general theory of marketing ethics, the purpose of this qualitative multiple case study was to explore strategies some sales managers in the pharmaceutical industry used to improve marketing training to reduce unethical sales representative behavior. Data were collected from the company’s reports and documents provided by sales managers and semistructured interviews with 5 sales managers of different pharmaceutical companies in the northeast region of the United …

The Impacts Of Open Grazing On The People Of Anambra South Senatorial Zone, Ephraim Izundu Udeagbala

Walden Dissertations and Doctoral Studies

AbstractOpen grazing is a main issue in Nigeria today, as Fulani herdsmen take farms by force with weapons like AK47s, which also affects the farmers of Anambra South Senatorial Zone. Further, there are different views on what open grazing is, which takes focus off its impacts that are detrimental to the people of the area. The purpose of this phenomenological study was to understand the impacts of open grazing on the farmers of Anambra South Senatorial Zone. The research question aligned with the purpose of the study and examined the impacts of open grazing on the farmers of Anambra South …

Cultivating Quality: Ten Tools Managers Can Use To Get Long-Term Committed Shareholders, Lawrence A. Cunningham

GW Law Faculty Publications & Other Works

Special Note: This Article is part of The Quality Shareholder Initiative at the Center for Law, Economics and Finance (C-LEAF), at The George Washington University Law School, Prof. Lawrence A. Cunningham, Faculty Director. Considerable effort goes into forging tools a corporation can use to shape its shareholder base. Much effort is geared toward promoting long investor time horizons, presumed to be a valuable but rare appetite among many shareholders. Less attention has been focused on promoting greater commitment, though attracting shareholders willing to stake large percentages of their portfolio in a given company’s stock may prove way more valuable than …

Internal Business Control Systems In Small Puerto Rican Retail Businesses, Belma A. Borras

Walden Dissertations and Doctoral Studies

Small businesses' vulnerability to financial losses brought about by employee theft is higher than for larger organizations. Small business owners are concerned about occupational fraud, as the annual average loss from fraud for small business owners in the United States was $150,000 per incident. Grounded in the fraud triangle theory and COSO Internal Control Integrated Framework, the purpose of this quantitative correlational study was to examine the relationship between the degree of segregation of duties, attitude toward internal controls, and the internal control system in small gas and convenience stores in Puerto Rico. Data were collected from 129 small business …

แบบจำลองการคาดคะเนปัจจัยที่เป็นข้อบ่งชี้ลักษณะอาชญากรรมลูกผสมในสังคมไทย, ดิเรกฤทธิ์ บุษยธนากรณ์

Chulalongkorn University Theses and Dissertations (Chula ETD)

การวิจัยเรื่อง แบบจำลองการคาดคะเนปัจจัยที่เป็นข้อบ่งชี้ลักษณะอาชญากรรมลูกผสมในสังคมไทย มีวัตถุประสงค์ในการวิจัยเพื่อ (1) ศึกษาปัญหาอาชญากรรมลูกผสมที่เป็นปัญหาสำคัญในสังคมไทย (2) สร้างแบบจำลองการคาดคะเนปัจจัยที่เป็นข้อบ่งชี้ลักษณะอาชญากรรมลูกผสมที่ใช้ในการจำแนก และอธิบายความสัมพันธ์และ/หรือหลักฐานในการยอมรับว่าเป็นอาชญากรรมลูกผสมในสังคมไทย และ (3) ศึกษาแนวทางในการป้องกันและแก้ไขปัญหาอาชญากรรมลูกผสมในสังคมไทย ผู้วิจัยใช้ระเบียบวิธีวิจัยแบบผสมผสานของการวิจัยเชิงปริมาณและเชิงคุณภาพ โดยเน้นการวิจัยเชิงปริมาณเป็นหลักสำคัญจากเจ้าหน้าที่ผู้ปฏิบัติงาน สำนักงานตำรวจแห่งชาติ และเจ้าหน้าที่ผู้ปฏิบัติงาน กรมสอบสวนคดีพิเศษ จำนวน 400 คน ซึ่งใช้วิธีการเลือกกลุ่มตัวอย่างจากการสุ่มกลุ่มตัวอย่างแบบง่าย เครื่องมือที่ใช้ในการวิจัยเป็นแบบสอบถามที่ผู้วิจัยสร้างขึ้น (IOC = 0.868, Reliability = 0.981) วิเคราะห์ข้อมูลโดยการหาค่า ความถี่ ร้อยละ ค่าเฉลี่ย ส่วนเบี่ยงเบนมาตรฐาน และวิเคราะห์ปัจจัยบ่งชี้ลักษณะอาชญากรรมลูกผสมในสังคมไทยโดยใช้ตัวแบบสมการเชิงโครงสร้าง ในส่วนของการวิจัยเชิงคุณภาพ ใช้เทคนิคการสัมภาษณ์เชิงลึกผู้ปฏิบัติงานระดับผู้บริหารหน่วยงานภาครัฐที่เกี่ยวข้องกับปัญหาอาชญากรรมลูกผสมในสังคมไทย จำนวน 15 คน ซึ่งใช้วิธีการเลือกกลุ่มตัวอย่างแบบเจาะจง เครื่องมือที่ใช้ในการวิจัยเป็นแบบสัมภาษณ์แบบกึ่งโครงสร้าง วิเคราะห์ข้อมูลโดยวิธีการวิเคราะห์เนื้อหา เพื่ออธิบายและยืนยันความถูกต้องของข้อมูลที่ได้จากการวิจัยเชิงปริมาณ รวมทั้งเป็นส่วนเสริมหรือส่วนเติมเต็มความสมบูรณ์ถูกต้องของงานวิจัย ผลการวิจัย พบว่า ปัญหาอาชญากรรมในสังคมไทยมีการปรับเปลี่ยนรูปแบบด้านปัญหาอาชญากรรมลูกผสมอยู่ในระดับมาก (ค่าเฉลี่ย = 4.18) ซึ่งเป็นอาชญากรรมมากกว่ารูปแบบเดียว ที่เกิดจากการผสมผสานกันระหว่างอาชญากรรมรูปแบบเดิมและอาชญากรรมรูปแบบใหม่ เป็นอาชญากรรมลูกผสมพื้นฐาน อาชญากรรมลูกผสมขั้นสูง อาชญากรรมลูกผสมอื่น ๆ และในอนาคต โดยปรากฏลักษณะสำคัญของปัญหาอาชญากรรมลูกผสมในมิติด้านต่าง ๆ ได้แก่ ผู้กระทำผิดหรืออาชญากรมีการรวมตัวกันเป็นเครือข่าย/องค์กรมากขึ้น ข้ามรัฐ/ไร้พรมแดน พึ่งพาเทคโนโลยี วิธีการที่หลากหลาย/ซับซ้อน ส่งผลกระทบในวงกว้าง ไม่จำกัดช่วงเวลาและสถานที่ สร้างการเลียนแบบ เข้าถึงเป้าหมายได้ง่าย ไม่จำเป็นต้องเผชิญหน้ากับเป้าหมาย คุ้มค่ามากที่สุดในการก่อเหตุต่อครั้ง เกี่ยวข้องกับการใช้ชีวิตประจำวัน ติดตามตัวผู้กระทำผิดมาลงโทษได้ยาก ทำให้สูญเสียบุคลากรและงบประมาณจำนวนมากในการปราบปราม ป้องกันและแก้ไข ซึ่งการสร้างแบบจำลองการคาดคะเนปัจจัยบ่งชี้ลักษณะอาชญากรรมลูกผสมในสังคมไทยตามสมมติฐาน มีความสัมพันธ์กับข้อมูลเชิงประจักษ์ (p-value = 0.881, Chi-square / df = 0.920, CFI = 0.95, GFI = 0.96, AGFI = 0.95, RMSEA = 0.000, SRMR = 0.040) สรุปได้ว่า ปัญหาอาชญากรรมลูกผสมในสังคมไทยได้รับอิทธิพลรวม …

Complex Compliance Investigations, Veronica Root Martinez

Faculty Scholarship

Whether it is a financial institution like Wells Fargo, an automotive company like General Motors, a transportation company like Uber, or a religious organization like the Catholic Church, failing to properly prevent, detect, investigate, and remediate misconduct within an organization’s ranks can have devastating results. The importance of the compliance function is accepted within corporations, but the reality is that all types of organizations—private or public—must ensure their members com­ply with legal and regulatory mandates, industry standards, and internal norms and expectations. They must police thousands of members’ compli­ance with hundreds of laws. And when compliance failures occur at these …

Indenture Trustee Duties: The Pre-Default Puzzle, Steven L. Schwarcz

Faculty Scholarship

This Article addresses a topic at the intersection of finance, agency, contract, and trust law: the pre-default duties of an indenture trustee for bondholders. The existing scholarship on indenture trustee duties focuses on the post-default scenario, when the indenture trustee is required to act as a prudent person in like circumstances on behalf of the bondholders. No prior scholarship addresses an indenture trustee’s predefault duties. It is critical to try to define those duties because activist investors in the $42-trillion-plus bond market increasingly are making pre-default demands on indenture trustees, requiring them to know how to respond.

Whistleblowing In The Compliance Era, Jeffrey R. Boles, Leora Eisenstadt, Jennifer M. Pacella

Georgia Law Review

International events over the last year have propelled the
importance of whistleblowers to the forefront. It is increasingly
evident that whistleblowers provide immense value to society.
Yet, for years, whistleblowers have been victims of retaliation,
commonly experiencing threats, discrimination, and
employment termination due to their reporting. Against the
backdrop of a society heavily defined by compliance-focused
initiatives—where organizations and industries construct
robust compliance programs, internal policies, and codes of
conduct—this Article highlights a significant gap in legal
protections for would-be whistleblowers. While compliance
initiatives demonstrate that active self-regulation is
increasingly a staple of organizational governance, this Article
pinpoints the problems …

[Introduction To] Called To Account: Financial Frauds That Shaped The Accounting Profession, Paul M. Clikeman

Bookshelf

Called to Account traces the evolution of the global public accounting profession through a series of scandals leading to voluntary or mandated reforms. Ever entertaining and educational, the book describes 16 of the most audacious accounting frauds of the last 80 years, and identifies the accounting standards and legislation adopted as a direct consequence of each scandal.

This third edition offers expanded coverage of the Global Financial Crisis and international auditing. While retaining favorite chapters exposing the schemes of "Crazy Eddie" Antar, "Chainsaw Al" Dunlap, and Barry "the Boy Wonder" Minkow, new chapters describe the accounting problems at Lehman Brothers, …

Class Action Squared: Multistate Actions And Agency Dilemmas, Elysa Dishman

Faculty Scholarship

As the Supreme Court continues to restrict the reach of private class actions, numerous commentators have championed public enforcement actions by state attorneys general (AGs) as a superior alternative to hold corporations accountable for misconduct. While AG actions fill some of the void left by the forced retreat of the private class action, few scholars have seriously considered whether the agency problems that exist in private class actions also occur in AG actions. And, until now, no scholar has recognized the unique agency problems that arise when AGs act together in multistate actions.

Multistate actions are made up of two …