Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Forwarded The Foundation for New Era Philanthropy was a Ponzi scheme that operated from 1989 until its collapse in 1995 after having raised over $500
Forwarded The Foundation for New Era Philanthropy was a Ponzi scheme that operated from 1989 until its collapse in 1995 after having raised over $500 million from 1100 donors and embezzling $135 million of this. Most of the money was stolen from Christian religious organizations and charities in the Philadelphia, Pennsylvania area. The scheme was publicly discovered by Albert Meyer, an accounting teacher at a Spring Arbor College[1] and the auditing firm Coopers & Lybrand working with its client, a local religious college in Los Angeles who suffered no loss in its participation.[2] 11:35 pm We need some specialist to do this 1) Financial Analysis - Study of the standing financial relationships which can be remarked by the analysis of financial lists and the shares prices like the positive relationship between the sales and the net profit, if not available some one must report about this situation 2) Non financial Analysis - Study of the non financial relationships, like employing a certain policy or crediting a strategy or a certain arrangement 11:35 pm Forwarded The Foundation for New Era Philanthropy was a Ponzi scheme that operated from 1989 until its collapse in 1995 after having raised over $500 million from 1100 donors and embezzling $135 million of this. Most of the money was stolen from Christian religious organizations and charities in the Philadelphia, Pennsylvania area. The scheme was publicly discovered by Albert Meyer, an accounting teacher at a Spring Arbor College[1] and the auditing firm Coopers & Lybrand working with its client, a local religious college in Los Angeles who suffered no loss in its participation.[2] 11:35 pm We need some specialist to do this 1) Financial Analysis - Study of the standing financial relationships which can be remarked by the analysis of financial lists and the shares prices like the positive relationship between the sales and the net profit, if not available some one must report about this situation 2) Non financial Analysis - Study of the non financial relationships, like employing a certain policy or crediting a strategy or a certain arrangement 11:35 pm
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started