In 2017 my Website was migrated to
the clouds and reduced in size.
Hence some links below are broken.
One thing to try if a “www” link is broken is to substitute “faculty” for “www”
For example a broken link
http://www.trinity.edu/rjensen/Pictures.htm
can be changed to corrected link
http://faculty.trinity.edu/rjensen/Pictures.htm
However in some cases files had to be removed to reduce the size of my Website
Contact me at rjensen@trinity.edu if
you really need to file that is missing
Accounting Scandal Updates and Other
Fraud Between January 1 and March 31, 2021
Bob Jensen at
Trinity University
Bob Jensen's Enron Quiz (and answers) --- http://faculty.trinity.edu/rjensen/FraudEnronQuiz.htm
Bob Jensen's Enron Updates are at --- http://faculty.trinity.edu/rjensen/FraudEnron.htm#EnronUpdates
Other Documents
Scandal Updates --- http://faculty.trinity.edu/rjensen/fraud.htm#ScandalUpdates
Bob Jensen's Enron Quiz --- http://faculty.trinity.edu/rjensen/FraudEnronQuiz.htm
What's Right and What's Wrong With SPEs, SPVs, and VIEs --- http://faculty.trinity.edu/rjensen//theory/00overview/speOverview.htm
Bob Jensen's Summary of Suggested Reforms --- http://faculty.trinity.edu/rjensen/FraudProposedReforms.htm
Revenue Accounting Controversies --- http://faculty.trinity.edu/rjensen/ecommerce/eitf01.htm
Electronic Business Controversies --- http://faculty.trinity.edu/rjensen/ecommerce/000start.htm
Bob Jensen's Bottom Line Commentary --- http://faculty.trinity.edu/rjensen/FraudConclusion.htm
The Virginia Tech Overview: What Can We Learn From Enron? --- http://faculty.trinity.edu/rjensen/fraudVirginia.htm
Fraud References --- http://faculty.trinity.edu/rjensen/fraud.htm#References
Fraudulent Dealer
Tricks: An Interactive DHTML Illustration ---
http://faculty.trinity.edu/rjensen/FraudDealerTricks.htm
This includes a summary of ten unethical tricks of the trade by automobile
dealers.
Selected Scandals in the Largest Remaining Public Accounting Firms --- http://faculty.trinity.edu/rjensen/fraud.htm#others
Accounting Education Shares Some of the Blame --- http://faculty.trinity.edu/rjensen/FraudProposedReforms.htm#AccountingEducation
Commercial Scholarly and Academic Journals and Oligopoly
Textbook Publishers Are Ripping Off Libraries, Scholars, and Students ---
http://faculty.trinity.edu/rjensen/FraudReporting.htm#ScholarlyJournals
Many of the scandals are documented at http://faculty.trinity.edu/rjensen/fraud.htm
Nancy Pelosi Accused Of
Corruption After Husband Caught In ‘Insider Trading’ Scheme ---
https://en-volve.com/2021/02/11/nancy-pelosi-accused-of-corruption-after-husband-caught-in-insider-trading-scheme/
There's an alleged history if such insider trading by him
Accountants Behaving Badly:
E Is for Embezzlement, This Lady Is a Wreck, Records Destruction! ---
https://www.goingconcern.com/accountants-behaving-badly-2-22-21/?doing_wp_cron=1614118762.3703439235687255859375
Wealthy KPMG clients
continued to dodge taxes for years after CRA detected offshore 'sham' ---
https://www.cbc.ca/news/politics/kpmg-isle-of-man-taxes-house-commons-finance-committee-1.6047111
Years ago, after being fined $456 million for designing bogus tax shelters, KPMG
promised not to do so in the future ---
https://www.wsj.com/articles/SB112533172910025699
During Pandemic, China Sent
Millions of Counterfeit Masks, Test Kits to US: Customs Data ---
https://www.theepochtimes.com/during-pandemic-china-sent-millions-of-counterfeit-masks-test-kits-to-us-customs-data_3686127.html?utm_source=newsnoe&utm_medium=email&utm_campaign=breaking-2021-02-05-1
The Greatest Art Heists of
All Time ---
https://www.artnews.com/list/art-news/artists/greatest-art-heists-of-all-time-1234583441/
Trader Buys $36 Million of Copper from Turkey and Gets Painted Rocks Instead
---
Click Here
Fresno County Woman Arrested for over $790,000 in Crop Insurance Fraud
---
https://www.justice.gov/usao-edca/pr/fresno-county-woman-arrested-over-790000-crop-insurance-fraud
United will pay $49 million to settle air mail fraud case ---
https://www.foxbusiness.com/economy/united-will-pay-49-million-to-settle-air-mail-fraud-case
How Billionaire Robert Smith
Avoided Indictment in a Multimillion-Dollar Tax Case ---
https://www.bloomberg.com/news/features/2021-02-03/how-billionaire-robert-smith-avoided-indictment-in-multimillion-dollar-tax-case?cmpid=BBD020321_BIZ&utm_medium=email&utm_source=newsletter&utm_term=210203&utm_campaign=bloombergdaily
IRS offers guidance to
taxpayers on identity theft involving unemployment benefits ---
https://www.irs.gov/newsroom/irs-offers-guidance-to-taxpayers-on-identity-theft-involving-unemployment-benefits?utm_source=mnl:cpald&utm_medium=email&utm_campaign=02Feb2021
Did a Journal Editor Publish
Someone Else's Work as His Own?
https://www.insidehighered.com/news/2021/01/27/did-journal-editor-publish-someone-elses-work-his-own?utm_source=Inside+Higher+Ed&utm_campaign=6b001ca536-DNU_2021_COPY_02&utm_medium=email&utm_term=0_1fcbc04421-6b001ca536-197565045&mc_cid=6b001ca536&mc_eid=1e78f7c952
Why Did California Flag So
Many More Potential Episodes Of Cheating On Its Online Bar Exam Than Other
States?
https://taxprof.typepad.com/taxprof_blog/2021/01/why-did-california-flag-so-many-more-potential-episodes-of-cheating-on-its-online-bar-exam-than-othe.html
MIT Professor Arrested on
Charges of Grant Fraud ---
https://www.insidehighered.com/quicktakes/2021/01/15/mit-professor-arrested-charges-grant-fraud?utm_source=Inside+Higher+Ed&utm_campaign=bc34e4fc5d-DNU_2021_COPY_02&utm_medium=email&utm_term=0_1fcbc04421-bc34e4fc5d-197565045&mc_cid=bc34e4fc5d&mc_eid=1e78f7c952
Local and State
Government: Budget gimmicks continue, says founder of Truth in Accounting
---
https://www.data-z.org/news/detail/budget-gimmicks-continue-says-founder-of-truth-in-accounting
If you teach budgeting be sure to teach about the gimmicks as well.
Zurich’s Oldest Private Bank Admits To Helping U.S. Taxpayers Hide Offshore
Accounts From IRS ---
https://www.justice.gov/usao-sdny/pr/zurich-s-oldest-private-bank-admits-helping-us-taxpayers-hide-offshore-accounts-irs
'Price gouging from Covid':
student ebooks costing up to 500% more than in print ---
https://www.theguardian.com/education/2021/jan/29/price-gouging-from-covid-student-ebooks-costing-up-to-500-more-than-in-print
Rise of Scams After
Coronavirus Outbreak ---
https://readwrite.com/2020/03/22/rise-of-scams-after-coronavirus-outbreak/
Publisher retracting 68 articles suspected of being paper mill products ---
The weird world of copyright law: How copyright laws became a tool for powerful corporations ---
Rudy Giuliani associate jailed for a year over fraud at fraud-busting
business ---
https://www.theguardian.com/us-news/2021/feb/08/david-correia-sentenced-rudy-giuliani-lev-parnas
IRS offers guidance to
taxpayers on identity theft involving unemployment benefits ---
https://www.irs.gov/newsroom/irs-offers-guidance-to-taxpayers-on-identity-theft-involving-unemployment-benefits?utm_source=mnl:cpald&utm_medium=email&utm_campaign=02Feb2021
Minneapolis push to defund police backfires after residents complain of slow response times, increase in crime ---
NYC transit heads want triple the number of extra cops in subways ---
Former Pitt Official Indicted for Selling Stolen Equipment and Supplies ---
Click Here
The Local Spillover Effect of Corporate Accounting Misconduct: Evidence from City Crime Rates
Contemporary Accounting Research, Forthcoming
SSRN
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3763692
Posted: 8 Feb 2021
The Ohio State University - Department of Accounting & Management Information Systems
Indiana University - Kelley School of Business - Department of Accounting
Indiana University - Kelley School of Business - Department of Accounting
There are 3 versions of this paper
Date Written: October 23, 2020
Abstract
This study documents a spillover effect of accounting fraud by showing that after the revelation of accounting misconduct, there is an increase in financially motivated neighborhood crime (robberies, thefts, etc.) in the cities where these misconduct firms are located. We find that more visible accounting frauds (e.g., greater media attention and larger stock price declines) are more strongly associated with a future increase in financially motivated neighborhood crime. We also find that the association between fraud revelation and increased future financially motivated crime is strongest when local job markets are shallower and where local income inequality is high, consistent with adverse shocks from fraud putting pressure on local communities. Combined, our study provides evidence that the societal ramifications of corporate accounting misconduct extend beyond adversely impacting a firm’s capital providers and industry peers to negatively influence the daily life of the residents in the firm’s local community.
Keywords: accounting misconduct, real effects, crime rate, corporate spillover, income inequality, accounting fraud
Suggested Citation:
Holzman, Eric and Miller, Brian P. and Williams, Brian, The Local Spillover Effect of Corporate Accounting Misconduct: Evidence from City Crime Rates (October 23, 2020). Contemporary Accounting Research, Forthcoming, Available at SSRN: https://ssrn.com/abstract=3763692