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 Main Fraud Document --- http://faculty.trinity.edu/rjensen/fraud.htm 

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

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 ---
https://retractionwatch.com/2021/01/20/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 ---
https://www.queensjournal.ca/story/2021-01-14/arts/the-weird-world-of-copyright-law/
Bob Jensen's threads on the DMCA ---
http://faculty.trinity.edu/rjensen/000aaa/theworry.htm#Copyright


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 ---
https://www.foxnews.com/us/minneapolis-defund-police-backfires-residents-complain-slow-response-times-increase-crime


NYC transit heads want triple the number of extra cops in subways ---
https://www.foxnews.com/us/nyc-transit-cops-subways-train-rampage


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

Eric Holzman

The Ohio State University - Department of Accounting & Management Information Systems

Brian P. Miller

Indiana University - Kelley School of Business - Department of Accounting

Brian Williams

Indiana University - Kelley School of Business - Department of Accounting

Multiple version iconThere 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

 


 




Other Links
Main Document on the accounting, finance, and business scandals --- http://faculty.trinity.edu/rjensen/Fraud.htm 

Bob Jensen's Enron Quiz --- http://faculty.trinity.edu/rjensen/FraudEnronQuiz.htm

Bob Jensen's threads on professionalism and independence are at  file:///C:/Documents%20and%20Settings/dbowling/Local%20Settings/Temporary%20Internet%20Files/OLK36/FraudUpdates.htm#Professionalism 

Bob Jensen's threads on pro forma frauds are at http://faculty.trinity.edu/rjensen//theory/00overview/theory01.htm#ProForma 

Bob Jensen's threads on ethics and accounting education are at 
http://faculty.trinity.edu/rjensen/FraudProposedReforms.htm#AccountingEducation

The Saga of Auditor Professionalism and Independence ---
http://faculty.trinity.edu/rjensen/fraud001.htm#Professionalism
 

Incompetent and Corrupt Audits are Routine ---
http://faculty.trinity.edu/rjensen/FraudConclusion.htm#IncompetentAudits

Bob Jensen's threads on accounting theory are at http://faculty.trinity.edu/rjensen/theory.htm 

Future of Auditing --- http://faculty.trinity.edu/rjensen/FraudConclusion.htm#FutureOfAuditing 

 

 


 

The Consumer Fraud Portion of this Document Was Moved to http://faculty.trinity.edu/rjensen/FraudReporting.htm 

 

 

 

 

Bob Jensen's home page is at http://faculty.trinity.edu/rjensen/