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Copy of Untitled Prezi

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Amanda Zhu

on 1 March 2013

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Transcript of Copy of Untitled Prezi

Gathering
the Information Understand The
Problem Analyze data and
generate
Recommendations Evaluate
options Present Final
Recommendations Step 1 Step 2 Leon Diep
Anna Bordukova
Jacqueline Brophy
Amanda(Xiaoxiao) Zhu Step 3 National Clothing Manufacturing Business (Founded in 1978)
Financial Crisis of 2008
Company's Focuses:
Monetary Incentive Program
Chinese Market
Whistleblower (3/15/12) Overview Investigation of the Four Managers:
Susana Kennish
Ferguson Finance
Antonio Valentin
Elizabeth Leslie Objectives Payroll Fraud Fraudulent Invoice Book Fictitious
Sales Corruption Evidence of Antonio To: Cameroon Chan
From: Antonio Valentin
Subject: Re: Re: Monthly Shipments
I apologize about the confusion, Cameron. There must’ve been a mistake in accounting.
Just send the extra stuff back next month and we'll refund you. Elizabeth's Case Elizabeth Leslie pays a bribe to a government official
Corrupt transactions between Leslie and Li Shen - Definite violation of FCPA
Problems at the border:
----> "incentive" paid
----> shipment expedited
----> feedback and future help offered Leslie uses her connections In the customs of China boarder to expedite her shipments 1:00 AM EST January 16, 2011
To: Li Shen <l.shen@customs.gov.cn>
From: Elizabeth Leslie <eleslie.ropas@gmail.com>
Subject: Long time no see
Li,
How have you been my friend? I just started a new job at Ropas Corp. Importing clothes into China. Been having a hard time at the border.
Liz
…………………………………………………………………………….
3:30 AM EST January 16, 2011
To: Elizabeth Leslie <eleslie.ropas@gmail.com>
From: Li Shen <l.shen@customs.gov.cn>
Subject: Re: Long time no see
Liz,
It’s good to hear from you again. Things with me are good, same old. I’m sure there is a
way to expedite the shipments. We are always happy to help our fellow businessmen.
Li Leslie asks for help, Shen needs incentive 3:45 AM EST November 16, 2011
To: Li Shen <l.shen@customs.gov.cn>
From: Elizabeth Leslie <eleslie.ropas@gmail.com>
Subject: Boxes
Receiving 300 boxes tomorrow. Let’s make it 150 on paper.
…………………………………………………………………………….
Lowering numbers on paper is fraudulent invoicing

3:45 AM EST November 16, 2011
To: Elizabeth Leslie <eleslie.ropas@gmail.com>
From: Li Shen <l.shen@customs.gov.cn>
Subject: Re: Boxes
What’s good for you is good for me, boss. Picking out a new watch

“Picking out a new watch” signifies that Li Shen wants Leslie to know he is already using her bribe money well. Evidence of fraudulent invoicing 8:00 AM EST November 16, 2011
To: Li Shen <l.shen@customs.gov.cn>
From: Elizabeth Leslie eleslie.ropas@gmail.com
Subject: Re: Re: Re: Boxes
Need to deliver tomorrow’s shipment to a client right away. What can be done to expedite?
……………………………………………………………………
9:00 AM EST November 16, 2011
To: Elizabeth Leslie <eleslie.ropas@gmail.com>
From: Li Shen l.shen@customs.gov.cn
Subject: Re: Re: Boxes
Anything is possible. Leslie repeats her corrupt approach Difference : Shoes 3,000 unites $300,000
Jeans 3,000 unites $ 450,000
Shirts 10,000 unites $200,000
Total $950,000
Difference: Shoes 5,000 unites $500,000
Jeans 2,000 unites $300,000
Shirts 10,000 unites $200,000

Total: $1,000,000 Email with Client Coolclothing,Inc

Unmatched Purchase Order and Invoice Options Fire Antonio and Elizabeth
Report to the FCPA
Investigate Ferguson Appropriate Disciplinary Measures Fire Antonio and Elizabeth
Report the frauds to the Audit Committee and FCPA Anti-Corruption Training Whistleblowing program
Ethics seminars Internal Controls Managers Approval

Incentive Program Tone at the Top Lead by Example
Communicate and Promote Ethics
Reporting
Reward Integrity Conclusion Graphic Leslie’s sales progress This graph shows the inconsistent relationship between revenue and tax, proving that corruptive expediting with bribes has taken place .







Total commission earned from fake sales $152,100 Sales Returns From Cool Clothing Incur additional shipping cost
Develop backlog of product Inventory
Lose about $152,100 due to Payroll Fraud Impact of Antonio’s Fraud
Full transcript