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Financial Scandals

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                                                 Financial Scandals Among the financial scandals involving Wall Street, the Enron scandal is arguably the most well-known. In the late 1990s, Enron was a high-flying energy services company and a stock market darling. Shareholders could have lost as much as $74 billion when it finally collapsed. In order to inflate sales and conceal debts, the CEO, Jeff Skilling, and the CFO, Andrew Fastow, employed a variety of questionable accounting techniques. As a result, while having debt, the corporation gave off the impression of being the most profitable in history. Enron was able to easily raise additional funding to continue the ruse thanks to the appearance of a sound balance sheet and sizable revenues. Most of the fraud was committed between 1998 and 2001 resulting in the stock price trading as high as $90.56. During this period CEO Ken Lay gave Skilling more and more authority, which Skilling used to manipulate the company’s accounts. The co
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Economic crimes in SA

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        Economic crime in SA has increased in cost. South Africa's Johannesburg In 2020, the proportion of South African organizations that had dealt with economic crime drastically decreased, reaching levels last seen in 2011. From 77% in 2018 to 60% this year, the rate of reported economic crime has decreased by 17 percentage points. These are some of the main conclusions from the seventh South African edition of PwC's yearly Global Economic Crime and Fraud Survey, which was released today. Notwithstanding this drop, South Africa still has a substantially higher percentage of economic crime than the global average of 47%. The grim reality that higher value severe economic crime, defined as crimes with a value greater than US$100 million, now accounts for 4% of all crimes is added to this. According to Trevor White, a PwC Forensic Partner and the leader of the Global Economic Crime and Fraud Survey for South Africa: With the rash of scandals that have recently rocked South Afr
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Dineo Lanaka SCANDAL

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  TV and radio personality Dineo Lanaka is back on social media after a short hiatus. Lanaka deleted all her old Instagram posts and started sharing a new three-part video series called "Find Your Feet."   Ranaka admitted that he had been silent since he was gone, and explained why. “To be honest, I’ve been thinking a lot. I've been thinking. The interviewer then asked Lanaka how he coped with the new challenges.   "I was in a state of stress and anxiety and was trying to find a way to recover from my mental trauma.  “I have thought a lot, searched my soul, and had a deep dialogue with myself. I think it's a matter of letting go," Ranaka said.   Ranaka reveals that she has changed her view of "fear" and has decided to no longer view it as an attack. regarded as a reminder of .  In January, Lanaka offered advice
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Die Antwoord accused of sexual abuse

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  South African rap duo Die Antwoord accused of sexual abuse by their adopted son The disturbing world of the band Die Antoward is no longer alluring. In the early 2010s, the mad duo became South Africa's most famous music group abroad for its psychedelic rap-electro genre, characterized by an eerie style depicting the everyday life of South African "white trash" and ultra-violent Cape Town gangs. became. An already controversial couple, Watkin His Tudor His Jones, aka 'Ninja' and Henri Du His Towa, aka 'Yoran Divisser', is now accused of sexual abuse by his adopted son. I'm here. In a 45-minute video released by South African media at the end of April, the adopted son also spoke about his fear of sexual violence against his sister.   The age of nine by Yolandi Visser (aka Anri du Toit) and Ninja (aka Watkin Jones). The Cape To
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