Review of Business & Finance Case Studies, Vol. 1, No. 1, pp. 73-80, 2010
8 Pages Posted: 10 Jul 2011
Date Written: 2010
This case examines the multimillion dollar Ponzi scheme perpetuated by Edward Okun. Okun was convicted in 2009 of 23 counts including wire fraud, money laundering, bulk cash smuggling and other offenses. In this case, students will learn about fraud, money laundering, federal currency reporting requirements, aspects of tax law, and ethics. This case is suitable for either undergraduate or graduate students. It can be used in an Introduction to Business, an Ethics, or a Fraud course. Students typically require 2-3 hours outside of class to complete the case. Approximately one hour of class time is needed to go over the case. This case can help students develop both written and verbal skills.
Keywords: Ponzi Scheme, Fraud, Money Laundering
JEL Classification: M40, M42
Suggested Citation: Suggested Citation
Dunne, Kathleen and Sanchez, Maria H., One Hundred Years in Prison for $126 Million Fraud (2010). Review of Business & Finance Case Studies, Vol. 1, No. 1, pp. 73-80, 2010. Available at SSRN: https://ssrn.com/abstract=1881123