Pension Funds
Question
Have pension funds in your community or state been victimized by white-collar criminals? What were the effects of the fraud? What happened to the perpetrators? If you cannot find a case in your state, you can discuss one from outside of your area. Please use research to support your post.


Solution
Pension
Funds
Have
pension funds in your community or state been victimized by white-collar
criminals?
Pension funds are a vital part of the economy, and
when white-collar criminals victimize them, the effects can be devastating. An
example of the case I will use is the collapse of Enron Corporation in 2001 is
a prime example of the havoc that can be wreaked when pension funds are
defrauded (Petra & Spieler, 2020).
Enron was once one of the biggest energy companies globally,
but it all came crashing down when it was revealed that the company had been
engaged in widespread accounting fraud. This fraud led to the loss of billions
of dollars for investors, including many pension funds. The effects of the
Enron scandal were far-reaching, and the company’s collapse cost thousands of
people their jobs and retirement savings (Petra & Spieler, 2020). The fraud
perpetrators, including Enron executives, were eventually brought to justice,
but the damage they caused was severe.
Pension funds are a vital part of the economy, and
when white-collar criminals victimize them, the effects can be devastating. The
Enron scandal is a prime example of the havoc that can be wreaked when pension
funds are defrauded. When white-collar criminals target pension funds, the
effects can be far-reaching and devastating.
What
were the effects of the fraud?
The Enron scandal had far-reaching effects, causing
the loss of billions of dollars for investors and leading to the company’s
collapse. Thousands of people lost their jobs and retirement savings due to the
fraud. Also, the perpetrators of the fraud were eventually brought to justice.
What
happened to the perpetrators?
Several executives from Enron Corporation were
eventually convicted of fraud and other crimes related to the company’s
collapse. They served time in prison and were ordered to pay restitution to the
victims of the fraud. Also, the perpetrators of the Enron fraud, including
executives at the company, were eventually brought to justice (Brown &
Peterson, 2022). However, the damage they caused was severe. Thousands of
people lost their jobs and retirement savings due to the fraud.
References
Brown,
G., & Peterson, R. S. (2022). Dealing with the Consequences. In Disaster
in the Boardroom (pp. 47-60). Palgrave Macmillan, Cham.
Petra,
S., & Spieler, A. C. (2020). Accounting scandals: Enron, Worldcom, and
Global Crossing. In Corporate fraud exposed. Emerald Publishing
Limited.




About Author
Tough Essay Due? Hire Tough Essay Writers!
We have subject matter experts ready 24/7 to tackle your specific tasks and deliver them ON TIME, ready to hand in. Our writers have advanced degrees, and they know exactly what’s required to get you the best possible grade.
Find the right expert among 500+
We hire Gradewriters writers from different fields, thoroughly check their credentials, and put them through trials.
View all writers