Topic proposal
3 years ago
10
Case1.docx
CaseStudyGuideline.docx
Case1.docx
The SEC has charged Broward County, Florida resident Sanjay Singh and his company, Royal Bengal Logistics Inc., with fraud in an unregistered securities offering that raised $112 million. This deceptive campaign primarily targeted Haitians in the United States. Singh, through Royal Bengal Logistics Inc., offered investors high-yield investment packages with guaranteed returns from 12.5% to 325% from 2019 through 2023, according to the SEC's lawsuit (U.S. SECURITIES AND EXCHANGE COMMISSION, 2023). Investors were told their money would expand the company's semi-truck and trailer fleet. Singh and his organization touted these investments as safe, claiming $1 million in monthly revenue. The SEC inquiry, however, revealed a troubling reality (U.S. SECURITIES AND EXCHANGE COMMISSION, 2023). Royal Bengal Logistics was losing money and had a Ponzi scheme. To maintain the appearance of profitability, about $70 million of new investor funds were used to reimburse previous investors.
Sanjay Singh, the scheme's leader, is accused of stealing at least $14 million from investors for personal gain and that of others who offered no legitimate services. Additionally, Singh routed over $19 million in investor cash to two brokerage accounts where high-stakes, margin-based equities trading caused losses of over $1 million (U.S. SECURITIES AND EXCHANGE COMMISSION, 2023). The SEC quickly obtained District Court emergency relief. Preliminary injunctions, asset freezes, Receiver appointments, and evidence protection are included.
Singh and Royal Bengal Logistics are accused of violating federal securities laws, including registration and anti-fraud provisions, by the SEC in the Southern District of Florida. The complaint names Sheetal Singh and Constantina Celicourt as relief defendants. The SEC wants an officer and director bar against Singh, permanent injunctions, civil monetary penalties, and disgorgement of ill-gotten earnings with prejudgment interest from all parties.
This enforcement action shows the SEC's commitment to investor protection and securities market integrity. It highlights the dangers of fraud, especially targeting specific communities. When investing, Investors should be cautious and thorough.
References
U.S. SECURITIES AND EXCHANGE COMMISSION. (2023, June 26). SEC.gov | SEC Charges Florida Resident for Operating $112 Million Ponzi Scheme that Targeted Haitian-American Community. Www.sec.gov. https://www.sec.gov/news/press-release/2023-118
CaseStudyGuideline.docx
Case Study Guideline
This outline is based upon the following sources:
· Society for Case Research Guidelines: https://drive.google.com/file/d/1tjNJMbl_5DrNaUarqy6Bde4MDhOSSpV3/view?pli=1Links to an external site.
· Sage Business Cases: Information for Authors: https://sk.sagepub.com/cases/author-infoLinks to an external site.
· IMA Educational Case Journal Guidelines: https://www.imanet.org/career-resources/get-published-with-ima/educational-case-journal?psso=trueLinks to an external site.
Preparing the Case
Before you begin writing, follow these guidelines to help you prepare and understand the case study:
1. Read and examine the case thoroughly
· Take notes, highlight relevant facts, underline key problems.
2. Focus your analysis
· Identify 2-5 key problems. Why do they exist?
· How do they impact the organization?
· Who is responsible for them?
3. Uncover possible solutions
· Draw from readings, discussions, outside research, your own experience.
4. Select the best solution
· Consider strong supporting evidence. What are the pros and cons? Is this solution realistic?
Case Study Overview (Case + Teaching Note)
The case study should address ethical, regulatory, and social implications in the accounting field. The case should typically include numerical computations (e.g., financial statements) as well as human factors. Typical cases describe a dilemma or decision faced by a well-developed protagonist. Using the Journal of Critical Incidents, the case will introduce critical incidents (not fictional) in the accounting industry and contain a teaching note. Each case should provide only essential historical details and a brief situational context. The case should emphasize a focal point that presents the business problem or situation in an unbiased manner, allowing for varied outcomes or solutions to the case. The case ends with a summary of the overall dilemma or issue being faced and the decision-making role of the student.
Midterm Case Study Proposal (Due Date Posted on Canvas)
1. Topic Proposal
· Provide a topic for your case study and two related resources published in the last three years (e.g., newspaper links). It is recommended to list additional topics with each related link.
· Write a tentative thesis statement. This is the central theme of your case and helps you to focus your case analysis.
· T opic proposal must be approved by the instructor before proceeding with the case proposal.
2. Case Study Proposal (3.5-5 pages, single-spaced): Below are the main components of a case study outline:
· Title
· Introduction
· Identify key problems and issues in the case study.
· Formulate and include a thesis statement that summarizes the outcome of your analysis in 1–2 sentences.
· Context and Background
· Set the scene: provide well-researched background information, relevant facts, and important information. (regulations, financial statements, compliance requirements, stakeholders, etc.)
· Divide into sections with headings and subheadings.
· Learning Outcomes
· Provide 3-4 learning outcomes expressed using Bloom’s Taxonomy terms. (Identify, Analyze, Evaluate, Recommend, etc).
· See Using Bloom’s Taxonomy to Write Effective Learning Outcomes: https://tips.uark.edu/using-blooms-taxonomy/#:~:text=Bloom's%20Taxonomy%20is%20a%20classification%20of%20the%20different%20outcomes%20and,at%20the%20University%20of%20ChicagoLinks to an external site. .
· Discussion Questions
· Provide 4 discussion questions for students to answer based on the case.
· Discussion questions must include connections to ethics/compliance, regulations, principles, or policy.
· References:
· Create a preliminary bibliography (use APA 7th) using library and internet sources.
· This is your initial search for the case. It should contain at least ten sources. (journal articles, trade journals, periodicals, newspapers, court cases, etc.) At least three journal articles must be included and the journal titles must be one from Cabells : https://www2-cabells-com.jpllnet.sfsu.edu/journalyticsLinks to an external site. .
Style Guidelines (Midterm Case Proposal + Final Case Project)
· Use the following style guidelines to complete the midterm case proposal and final case project: Times New Roman font, size 12 point, 1-inch margins and single-spaced.
· Synthesize all the sources throughout your paper. Paraphrasing is most often used to blend the ideas of another writer’s text with the prose style of our own work. Do not use bullet points for the case proposal and final case project, and make sure to write in complete sentences. Turnitin and AI Generative Tools on the syllabus will be applied.
· The Midterm Case Proposal must be a minimum of 3.5 pages with single spacing. The Final Case Project must be a minimum of 7.5 pages with single spacing Paragraphs are usually about 150-200 words long.
· The Midterm Case Proposal and the Final Case Project must be provided in Microsoft Word. Do not submit your paper in Google Docs, PDF, or PAGES.
· Write in the third person, in the past tense, and establish an objectivity of core dilemmas in the case.
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