Account 217 – MF Global Bankruptcy

Subject: General Questions    / General General Questions
Question
MF Global Bankruptcy

Most companies commit financial fraud by overstating revenue and assets or understating liabilities and expenses. In the case of MF Global, assets were understated. Mf Global Company founded in the USA was involved in fraudulent financial activities that led to a huge bankruptcy scandal.

Therefore, write a 5-page paper surrounding the scandal. In your paper, state clearly what caused the downfall of the organization. In addition, please give recommendations on what steps could have been taken and state whether you believe that it could have been prevented. The paper should be done in APA format