ACC325 Unit 7 Discussion
Unit 7 Discussion Board (ACC325 Forensic Accounting)
Joey Nariz is a narcotics trafficker who has made a career of smuggling cocaine into the United States. Over the years, he has bought most of his supply from Colombia but more recently had begun to obtain it in Peru. His base of operations in the United States is San Lauro, a small California town northwest of San Diego. He controls his southern operations through encrypted satellite phones and fax machines. Working in a small town provides the perfect cover, but he enhances his secrecy by operating out of a large farm supply store that he had purchased when he first came to San Lauro. He deals with his distributors in other small towns in California, New Nevada, and Arizona. He prefers small towns because the people are trusting, and small towns never possess any serious antinarcotics capabilities.
Joey never personally transports or handles any drugs. He reserves those tasks for a network of undocumented Mexicans who can earn more working for him in a single day than they can earn back home in several years. Most of them are otherwise honest people willing to break the law so they can send money home to their families.
His largest problem is managing the cash. He has learned the hard way that he must handle the cash himself. Despite having more than $90 million in cash stashed away in warehouses, he lives a very frugal life. He spends whenever he can, but he’s afraid to try to buy real estate or other large-ticket items with cash for fear of drawing attention to him.
He decides, however, to travel to Miami and purchase a large house and boat. He packs the trunk of his car with cash and heads east. Once in Miami, he uses his contacts with local distributors to find a real estate agent who would be willing to work for cash. He instructs the agent to find him a large waterfront house for which the seller would accept an all-cash deal. He ends up paying $14 million for an $8 million house, but he’s very happy with the property. The seller had no mortgage, so they were able to make the deal quietly in an attorney’s office. They told the attorney that they were relatives and that the payment had already been made “out of closing,” which meant the closing involved only some paperwork and no money.
Joey used the same method to purchase a $3 million yacht for which he paid $4 million. He then sold it for $2.5 million. The sale yielded a check net of commissions from the yacht broker. He deposited it into a bank account that he had opened with only $500 in cash and a check for $5,000 from his San Lauro bank account. When he opened the bank account, he told the bank representative that he was from San Lauro, California, and in the farm supply business. He even provided the bank a letter of introduction from his San Lauro bank.
Is Joey’s money-laundering scheme likely to work?
Is the bank likely to report the deposit of the payment for the yacht by filing a currency transaction report or a suspicious activity report?
Is law enforcement likely to discover his purchase of the house or boat for cash?
How would a forensic accountant go about investigating Joey for drug trafficking and money laundering if given subpoena power? Would the investigation discover the under-the-table house and yacht purchases?
Writing a critical essay involves analyzing a particular text or work of art and evaluating its effectiveness or merit. To write a critical essay, follow these steps:
Choose a topic: Select a text or work of art that you want to analyze. This could be a book, movie, piece of artwork, or even a speech.
Read or watch the work: Read or watch the work carefully, taking notes as you go. Pay attention to the themes, characters, plot, and any literary or artistic techniques used.
Research: Conduct research on the work to gain a deeper understanding of its context, history, and cultural significance. This can help you better evaluate the work’s effectiveness.
Develop a thesis statement: Based on your analysis and research, develop a thesis statement that articulates your argument or perspective on the work. Your thesis should be clear, specific, and debatable.
Write an outline: Organize your thoughts and arguments into an outline, which will guide the structure of your essay.
Write the essay: Using your outline as a guide, write your essay. Be sure to support your thesis with evidence from the text and incorporate your research to provide context.
Edit and revise: Once you have completed your first draft, edit and revise your essay for clarity, coherence, and style.
Example of a critical essay on a book:
Thesis statement: In George Orwell’s “1984,” the use of language as a tool of oppression reveals the dangers of totalitarianism.
In “1984,” Orwell depicts a dystopian society where the government controls every aspect of citizens’ lives, including their thoughts and language. The government’s language, Newspeak, is a tool of oppression that limits citizens’ ability to think critically and communicate effectively. For example, the government replaces words with their opposite to limit the range of ideas that can be expressed. The government also uses slogans and propaganda to manipulate citizens’ beliefs and emotions. By showing how language is used as a tool of oppression, Orwell reveals the dangers of totalitarianism and the importance of preserving free speech and thought.
Example of a critical essay on a movie:
Thesis statement: In “Get Out,” director Jordan Peele uses horror and satire to critique racism and the commodification of black bodies.
“Get Out” is a horror movie that doubles as a biting satire of racism and the commodification of black bodies. The movie follows Chris, a black man who visits his white girlfriend’s family and uncovers a horrifying conspiracy. Peele uses horror tropes to underscore the horror of racism, such as the “sunken place” where Chris is trapped. He also uses satire to expose the absurdity of the commodification of black bodies, such as the white family’s desire to transplant their consciousness into black bodies. By blending horror and satire, Peele creates a powerful critique of racism and its insidious effects on society.
In conclusion, writing a critical essay involves careful analysis, research, and evaluation of a particular text or work of art. By developing a clear thesis statement and supporting it with evidence and research, you can provide a thoughtful and persuasive critique of the work.
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