http://knowledge.wharton.upenn.edu/ Knowledge@Wharton is an online resource that offers the latest business insights, information, and research from a variety of sources. Content includes analysis of current business trends, interviews with industry leaders and faculty, articles based on the most recent business research, book reviews, conference and seminar reports, and links to other websites. en-us Copyright (c) 2012 The Wharton School of the University of Pennsylvania http://www.wharton.upenn.edu/faculty/laufer_william.jpg http://www.wharton.upenn.edu/faculty/ 125 45 Wharton Faculty Research Law and Public Policy http://knowledge.wharton.upenn.edu/article.cfm?articleid=2521&source=rss "Cap and trade" systems, in which corporations that exceed their allotment of carbon dioxide emissions are allowed to purchase certificates from those with low emissions, were designed to combat global climate change by giving polluters a financial incentive to reduce, or offset, their impact on the environment. But carbon markets in Europe and elsewhere are increasingly falling victim to fraud in the form of phishing, bribery and other schemes. Wharton experts and others say combating these crimes is a complicated problem, which thus far has no clear solution. Wed, 09 Jun 2010 16:48:25 EST Business Ethics http://knowledge.wharton.upenn.edu/article.cfm?articleid=614&source=rss The Enron scandal took a new turn recently with the guilty plea of former finance director Michael Kopper, who is expected to supply evidence that will help prosecutors indict other individuals further up the company’s executive ladder. This latest government action raises the question of why Enron itself is not the target of a criminal case, given that the Justice Department indicted and ultimately convicted Enron’s auditing firm, Arthur Andersen. The answer, according to experts, demonstrates the power of government prosecutors to decide the future of both companies and executives once evidence of wrongdoing comes to their attention. Wed, 28 Aug 2002 00:00:00 EST Business Ethics http://knowledge.wharton.upenn.edu/article.cfm?articleid=230&source=rss The news stories earlier this month about Robert Brennan, former head of the infamous First Jersey Securities brokerage and frequent target of SEC probes, raises anew the question: Why has Brennan never faced criminal charges for securities fraud? The answer has less to do with the severity of the charges filed against him than it does with the legal intricacies of civil versus criminal cases. Wed, 30 Aug 2000 13:28:43 EST