Please complete Critical Thinking Assignment #9 by responding to and uploading your paper on the Fraud Casebook on page 319 on Bristol-Myers
Read the following articles or other related articles regarding the Bristol-Myers case and then answer the questions below:
Security and Exchange Commission, “$750 Million Distribution Begins for Bristol-Myers Fraud Victims,” June 8, 2006.
Gold, Jeffrey, “Bristol Myers Reaches $300 Million Settlement,” Yahoo! Finance, June 16, 2005.
Starkman, Dean, “Civil charges Follow Indictments in Bristol-Myers Case,” The Washington Post, August 23, 2005.
Masters, Brooke A., “Bristol-Myers Ousts Its Chief at Monitor’s Urging, The Washington Post, September 13, 2006.
Short Answer Questions
1. By what percentage could Bristol Myers earnings have declined in 2002 as a result of the fraud?
2. What was the first period that the SEC believed that Bristol Myers “stuffed the channels?”
3. Was channel stuffing the only scheme perpetrated by Bristol Myers? If the answer is “no,” name one other scheme.
4. What were the names of the marketing efforts that helped drive the need to channel stuff?
5. How much was the fine in the deferred prosecution agreement?
6. What was the total amount of fines and penalties levied against Bristol Myers?
1. What makes channel stuffing illegal by comparison to a car dealership that runs “mega” end-of-year sales?
2. Why are revenue recognition frauds such a frequent problem for the SEC?
3. What red flag symptoms might revenue recognition create and how might one best discover a revenue recognition fraud?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more