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Pages:
14 pages/≈3850 words
Sources:
No Sources
Style:
APA
Subject:
Business & Marketing
Type:
Research Paper
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 81.65
Topic:

Current Event Research: Goldman Sachs’ Violation of FCPA

Research Paper Instructions:

Current Event Research Paper:
One of the best things about studying securities regulation is that the topic is in the news every day. Every day a new company chooses to go public, another executive at a public company is charged with violating anti-fraud provisions, or another public company is investigated for trying to bribe foreign government officials. The current event research paper assignment asks that you choose one current event relevant to any of the topics we will study this semester, and write a research paper describing what happened, the relevant law, and the significance of the story for the industry, the company, the law, and/or you.
How to choose your current event:
The current event must have been in the news within the last few years. To find a topic of interest, start reading the financial and business news now. You might also visit the SEC's website for press releases, or some of the many blogs on securities regulation, white-collar crime, or corruption. You can also follow the SEC on Twitter. Once you find a news story, you will research it more deeply, including the relevant law. Your story does not have to be a case that has gone to court already. It can be an investigation, a proposed new rule or regulation, or any other story that implicates the legal issues we discuss in class.
What to include in your paper:
·a detailed description of the current event
·a detailed discussion of the relevant law – explain the law from the very beginning, as if your reader knows nothing about the topic; this is how you demonstrate your understanding of the law
·an analysis of the current event – Why is it important to the industry? What companies will care about this news story? What will its impact be? Who will win? Why? You can choose to answer any or all of these questions (or any other question). The goal is to demonstrate meaningful application of law to facts, and deep thinking about the issues presented by the news story
Logistics:
·8-10 pages, single spaced
·Citation required anytime what you just wrote down did not originate in your own brain.
·The paper should be prepared using the APA writing style and guideline for references' format. You must provide a bibliography, and all direct quotations and data sources must be properly cited.
·The Department uses the APA style to facilitate reading the paper and understanding references without being as cumbersome as some other citation styles (such as Chicago or MLA).
·Students can download the student style guide from the American Psychological Association (http://www(dot)apastyle(dot)org/elecref.html) web site or you can purchase the APA style guide from the book store. There is even a help disk that can be purchased for about $ 40 (http://www(dot)apa(dot)org/software/) that will walk you through the process as you write the paper if you desire a more "personal assistance".
·Papers are to be RESEARCH PAPERS. Remember that work that you use from other authors MUST be referenced. Since it is assumed that you are not an authority on the topic that you are writing, it is expected that this paper is an overview of many different sources of information. Each of these must be attributed to the author using the APA format.
·This is your paper and not the cut and paste of someone else's work. The internet has led to a false sense of what research is all about. Those new to research tend to think that it means spending an afternoon surfing the internet and then an afternoon cutting from material available.
Keep in mind that the Internet: (1) is not quality oriented as it has good materials and not so good materials, and does not know the difference; (2) is NOT a sole source location. In particular, sources such as Wikipedia are the works of individual submitters which are not reviewed. Thus while many entries provide excellent information, some are fundamentally flawed or just plain wrong.

Research Paper Sample Content Preview:

Goldman Sachs’ Violation of FCPA
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Goldman Sachs’ Violation of FCPA
The Goldman Sachs Group Inc. commonly known as Goldman Sachs is a renowned American multinational financial and investment bank. The company headquarters are in New York, the United States of America (USA). Marcus Goldman, a German immigrant, founded Goldman Sachs in 1869 after moving to New York. Goldman started the company in a one-room office in the basement of an apartment at 30 Pine Street, Lower Manhattan. The person offered an alternative to local merchants by buying their promissory notes and selling them to commercial banks in New York. He was the pioneer of what is called the commercial paper business today. Over the years, Goldman Sachs has grown to become one of the largest corporations worldwide. Based on the 2021 Fortune 500 ranking, the company is ranked number 59. Goldman Sachs has encountered numerous challenges, some of which stand a chance of damaging its reputation. Indeed, it has been criticized for its unethical business dealings and its relationship with the federal government has dwindled in the recent past. The paper focuses on how Goldman Sachs was charged with over $2.9 billion for violating the anti-bribery provisions of the Foreign Corrupt Practices Act (FCPA) in the USA, Singapore, the United Kingdom (UK), and Malaysia.
Goldman Sachs is an international financial company with subsidiaries in different parts of the world. In particular, its Malaysian subsidiary admitted to conspiring and infringing the FCPA. Goldman Sachs is connected with a scheme that paid more than $1 billion in bribes to Abu Dhabi and Malaysian officials so that the financial institution would get lucrative business deals. The company also played a significant role in underwriting of three bond deals involving 1Malyasia Development Bhd. (1MDB) for approximately $6.5 billion (The United States Department of Justice, 2020). Goldman Sachs’ target was to earn hundreds of millions from these fraudulent activities, which explains why the bank was ready to part with billions in bribery. Goldman Sachs participated in a global corruption scheme, which is unexpected for a multinational financial company that has developed a good reputation for many decades. For instance, 1MDB was created to enhance strategic initiatives for Malaysia’s long-term economic growth and development. However, Goldman Sachs said that it used around $1 billion of the money meant to help Malaysians in bribing officials for its selfish financial gains. Despite the primary objective of any business is to maximize its profits, it does not mean that an enterprise should engage in illegal dealings to generate more revenues. Goldman Sachs engaged in bribery by using its agents, former executives, and managing director, such as Tim Leissner Ng, and employees. One of Goldman Sachs' illegal business dealings was to facilitate 1MDB’s initial public offering (IPO) in energy assets. The company conspired with high-ranking officials from the International Petroleum Investment Company (IPIC), the Malaysian government, and Aabar Investments PJS, Abu Dhabi’s state-controll...
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