Ponzi scheme- Small assignment

Discussion 1

February 5, 2021

Major Debates

February 5, 2021

Ponzi scheme- Small assignment

Absolutely no plagiarism, must be original and very thorough. Please make sure everything is followed in the question and the grading rubric. Assigned textbook and supporting material is attached but also must include one other academic relevant outside resource, total of at least 2 references. Must include in-text citations. Please include the free link to the relevant academic source.

Textbook: file:///C:/Users/User/Desktop/enterprise-risk-management%20textbook.pdf

Question: Discuss how Petters Group Worldwide / Petters Company Inc. were able to conduct a $3.65 billion Ponzi scheme. Using the concepts and framework of COSO and Enterprise Risk Management, make specific recommendations as to how a situation such as this can be prevented.

Supporting material: Please feel free to use these links…Must also include one other academic relevant outside resource.

http://caselaw.findlaw.com/us-8th-circuit/1587947.html

http://deloitte.wsj.com/riskandcompliance/files/2013/10/exploring_strategic_risk.pdf

file:///C:/Users/User/Downloads/GOV%20-%20Bies%20-%20A%20Supervisors%20Perspective%20-%20Federal%20Reserve%20System.pdf

http://www.fwrj.com/TechArticle06/0406FWRJtech2.pdf

https://www.sec.gov/fast-answers/answersponzihtm.html

Please see grading rubric below. This assignment should be at least 5-6 paragraphs long and very thorough. Make sure you integrate real-life applications to support key points.

Criteria

Ratings

This criterion is linked to a Learning Outcome Quality of Initial Response

Initial response displays an excellent understanding of the course readings and underlying concepts and includes the correct use of relevant terminology. Initial response integrates specific real-life application (current events, work or personal experience, prior coursework, etc.) to support key points. Initial response is clear, concise, and compelling.

This criterion is linked to a Learning Outcome Research

Initial response contains at least one reference to a valid (recent, relevant, high-quality) external source of information pertaining to the discussion topic. Research is cited, in-text, to support key points. Integration of research in initial response exceeds expectations. (This should be along with the provided textbook, so a total of 2 references).

This criterion is linked to a Learning Outcome Mechanics

Entirely free of mechanical errors. These include: grammar, punctuation, spelling, and formatting (font style and size).