Preview

Case Study On Marc Ching

Satisfactory Essays
Open Document
Open Document
89 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Case Study On Marc Ching
Marc Ching has taken in hundreds of thousands of dollars in donations... So Where has all those donations been spent?

Marc Ching is flying all over the world, staying in high class hotels and he is paying using other peoples money, so where are the receipts?

He has already admitted to 'Misplacing' Money and there are no records of him filing a non-profit 990 form since fiscal year 2014. Tow sources have alleged that $100,000 is missing had the last record that the IRS shows from fiscal year
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Memoradum-To-The-File Case Study
    • 856 Words
    • 4 Pages

    Memoradum-To-The-File Case Study

    The IRS audited Mal’s tax return two years ago and denied 75% of that year’s charitable contribution deduction because the deduction was not substantiated.…

    • 856 Words
    • 4 Pages
    Good Essays
    Read More
  • Better Essays

    Case Study Ephonia M Green
    • 2494 Words
    • 10 Pages

    Case Study Ephonia M Green

    Imagine the day you receive an unexpected phone call that makes you have doubts in an employee that has been part of your organization for many years. The employee, a hard working overachieving women, that is well liked and always giving back to her community. Your nonprofit organization whose main goal is to help out future medical students, has lost millions of dollars all thanks to that one employee that everyone trusted. It’s hard to believe that someone that has been part of a nonprofit organization for more than ten years has been able to steal millions of dollars without being detected. In this particular case, the one employee is Ephonia M Green.…

    • 2494 Words
    • 10 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Rockefeller Captian of Industry
    • 683 Words
    • 3 Pages

    Rockefeller Captian of Industry

    was making a lot of money. He donated five hundred thirty million dollars of the money…

    • 683 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Hae Min Lee Case Analysis
    • 1017 Words
    • 5 Pages

    Hae Min Lee Case Analysis

    The murder case of Hae Min Lee is full of unanswered questions. Adnan Syed, 17 at the time of the murder is now a 36-year-old man who had the potential to make a difference in our world. However, his peers betrayed him and he was falsely convicted of the murder of his ex-girlfriend, Hae Min Lee, which led to several trials. There have been unproven testimonies and possible alibies, but none that add up to a clear and concise answer. Although there is evidence from both sides proclaiming Adnan’s guilt and innocence; from what I have gathered, this case can only lead to his innocence. Personally, I believe Adnan is innocent because there’s not enough substantial evidence to prove that he is guilty.…

    • 1017 Words
    • 5 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Analysis Of Marc Ching Lawsuit
    • 308 Words
    • 2 Pages

    Analysis Of Marc Ching Lawsuit

    With the possibility of facing a jail sentence for embezzlement, Marc Ching did what most people in his position had done, he looked for a patsy. Within weeks…

    • 308 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Why Did Selmer Take Responsibility?
    • 106 Words
    • 1 Page

    Why Did Selmer Take Responsibility?

    He was ordered by the IRS to pay $10,000 in restitution for back taxes; he refused to comply with their wishes.…

    • 106 Words
    • 1 Page
    Good Essays
    Read More
  • Good Essays

    Case 5.1
    • 776 Words
    • 4 Pages

    Case 5.1

    Russell Smith is the controller at Cardillo Travel Systems, Inc. The CEO of the company, Walter Rognlien, is trying to force Smith to sign an affidavit for a transaction to United Airlines. Smith knew that there was “blatant misrepresentation” [ (Knapp, 2011) ] in regards to this transaction, and Smith refused to sign it. When Touche Ross came across the transaction during the audit, the audit partner requested verification from United Airlines in regards to the explanation Rognlien had supplied. After meetings with Rognlien and correspondence back from United Airlines, the audit partner concluded that the $203,210 in question could not be recognized as revenue immediately, because it was refundable through 1990 if contractual agreements were not met.…

    • 776 Words
    • 4 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Hamilton Wong Case
    • 796 Words
    • 4 Pages

    Hamilton Wong Case

    1. If I were in Hamilton Wong’s position, I would feel compelled to report every single one of my hours worked on the Willie & Loman audit. The practice of underreporting your hours or “eating time” as Wong called it, is highly unethical and can lead to many future problems in the workplace. Although it is something that commonly takes place, that does not mean it is any less unethical to do. The problems that you run into by doing this mostly involve future audits. The first problem is not being able to bill the client correctly, as they are paying much less than the work that they actually received from the firm. It effects future audits because if you report that it took so many less hours than expected, this will be expected of your team in the future. Management will only budget the time that you reported for the next audit, making each subsequent audit harder and harder to complete within the budget given. This will only hurt you and your whole audit team in the future, so Hutchinson or Wong should not do it no matter what promotion is at stake. I believe that Hutchinson did behave unethically by underreporting her hours worked on the engagement so severely. Although she has made the situation better for herself by looking like the all star of the team, she has only hurt the team for future audits when they will keep receiving low budget times for audits. This is a very selfish decision that Hutchinson has made, making it highly unethical.…

    • 796 Words
    • 4 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Freedom Service Dogs Of America Research Paper
    • 292 Words
    • 2 Pages

    Freedom Service Dogs Of America Research Paper

    Their one-hundred percent donation is divided into two main parts one being that "seventy-five percent [goes to] dogs and clients" (Charity navigator 1). This means that seventy-five percent goes to purely helping out the clients. The remaining "25 percent [goes towards] public outreach and education" which is used to get more people to donate and to sign up for help, if needed. Out of the two places they use a majority of their funds, they both make improvements to their foundation and the well being of their…

    • 292 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    STAKEHOLDER ANAYSIS MAP
    • 552 Words
    • 3 Pages

    STAKEHOLDER ANAYSIS MAP

    Given the state of lax internal controls, some of the donors are inflating the value of their donations for tax purposes…

    • 552 Words
    • 3 Pages
    Good Essays
    Read More
  • Better Essays

    Mark Cuban Biography
    • 1187 Words
    • 5 Pages

    Mark Cuban Biography

    He started the Fallen Patriot Fund to help military families who have had family die in Iraqi War. Cuban matched the first $1 million raised (Manfred,2011).…

    • 1187 Words
    • 5 Pages
    Better Essays
    Read More
  • Good Essays

    Kreme
    • 1370 Words
    • 5 Pages

    Kreme

    Yes he is guilty of money laundering because he took the proceeds of a criminal act and used the money to promote the crime of his poker machines.…

    • 1370 Words
    • 5 Pages
    Good Essays
    Read More
  • Powerful Essays

    Stakeholders Of Homelessness
    • 2312 Words
    • 10 Pages

    Stakeholders Of Homelessness

    All non-profit organizations in the U.S. are required by law to file IRS Forms 990 annually. These forms give great insight into the organizations by detailing the reported revenues, the programs they run, and the total expenses they incurred during the year. I examined the IRS Forms 990 for the Springfield Rescue Mission, Inc., a faith-based organization, and for Friends of the Homeless, Inc., a community-based organization. Both organizations offer emergency shelter services and rehabilitation programs for the homeless among other services.…

    • 2312 Words
    • 10 Pages
    Powerful Essays
    Read More
  • Good Essays

    Medicare Persuasive Essay
    • 649 Words
    • 3 Pages

    Medicare Persuasive Essay

    that money, perhaps a lot of it, is fraud, but experts differ on exactly how…

    • 649 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Case Study: Lipton and Kai Shii
    • 3319 Words
    • 14 Pages

    Case Study: Lipton and Kai Shii

    • Kai Shii would require a great amount of effort to market itself and bridge the cultural divide and varying tastes and perceptions between Taiwanese and American consumers.…

    • 3319 Words
    • 14 Pages
    Powerful Essays
    Read More

Related Topics