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4-1 Discussion: Criminal Responsibility

4-1 Discussion: Criminal Responsibility

Q To complete this discussion, please base your work on Enron, WorldCom, or another white collar crime story of your choosing. • Name the company you selected and briefly summarize the crime. • Do you think that the CEOs and other corporate officers involved were justly held criminally responsible or not? Explain your perspective. • Do you believe that business can regulate itself to act ethically, or is government oversight a necessity to protect the public from financial wrongdoing? Explain your position. Respond to at least two of your peers who focused on a company other than the one you selected. Offer your own perspectives on whether the CEOs and other corporate officers involved were justly held criminally responsible or not.

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Adelphia Communications Corporation was involved with a financial fraud case, it was one of the big cases of fraud done by any public company the Securities and Exchange Commission has filed a case against the company (Sec.gov., 2002). This corporation is worked as a cable television provider, it is the sixth-largest company of cable television provider in the United State, and it also provides telephone service in the locality of the 32 numbers of states and Puerto Rico (Sec.gov., 2002).