BUS 101 Current Events Assignment - Ringler, Maya
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School
Kalamazoo Valley Community College *
*We aren’t endorsed by this school
Course
101
Subject
Communications
Date
Apr 3, 2024
Type
docx
Pages
3
Uploaded by ProfessorCrow15834
Student Name: Maya Ringler
Current Events Assignment
Directions
Find an article, relating to our course content, in the newspaper or online from a newspaper source, Wall Street Journal, The New York Times, USA Today, Time.com, etc., or any other reputable national or local source. Read the article and fill out the statements or answer the questions below. You may not use articles on Entertainment/Gossip.
Please find and read about important issues in our world today, and relevant to our course. Because this is a current events assignment you are to choose an article that is no more than a month old
from when the assignment is given. Read the Rubric at the end of the worksheet to complete all the requirements for this assignment.
Topic of Article: 3 men being charged with fraud, money laundering, and market manipulation.
Title of Article: Three Men Charged with Fraud in $100 Million New Jersey Deli Scheme
Source: CNBC: https://www.cnbc.com/2022/09/26/three-men-charged-with-fraud-in-100-million-new-
jersey-deli-scheme.html
Please include hyperlink above to this article or a scanned copy of this article with your assignment submission.
WHO
is this article about? The article is about the three men involved in the 100-million-dollar deli scheme, these three men include James Patten, Peter Coker Sr., and Peter Coker Jr.
WHAT
is this story about? List three important facts from your article.
1. The deli was operating under an umbrella company known as Hometown Internationals. It is called the
100-million-dollar deli due to its unusually high value in the stock market.
2. The three men were charged with multiple crimes including conspiracy to commit securities fraud, manipulation, wire fraud, money laundering, and market manipulation.
3. The parent company hometown international merged with a bioplastics company known as e-waste, all
these companies share connections with the deli.
4. With the controversies around Your Hometown Deli their parent company known as hometown international is in question about whether they were doing business ethically.
WHEN
did this story take place? The story was published on Monday, September 26
th
, 2022; but this story has been happening over the last couple of years.
____________________________________________________________________________________
WHERE
is this event or issue occurring? (Specify city, country, region, etc.)
This event occurred in Paulsboro, New Jersey, at Your Hometown Deli.
WHY
is this story important? 9122b3e8f4a904ed477538cb4f6a72e2a362d846.docx
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This story is important because it gives you examples of what not to do when it comes to running a business. This story is a great example of unethical business practices.
CONNECT
the article. What does it have to do with you?
This article pertains to me because I do have some stock in the stock market, so it’s good to keep up with what’s going on in the stock market.
CONNECT
the article. What does it have to do with our course content? In our class, we talked about being ethical in business, and this article is a good example of what not to do (unethical). We also talked about stock in class which this article talks about a lot. Another thing that the article touches on that we talked about in class would be mergers.
Grading will be based on the following rubric:
Criteria
Ratings
Pts
Spelling, Grammar
5 pts
Meets All Expectations
Writing has no spelling or grammar errors.
2.5 pts
Meets Some Expectations
Writing contains 4 or fewer spelling or grammar errors.
0 pts
Does Not Meet Expectations
Writing contains 5 or more spelling or grammar errors.
6
Comprehensiveness
10 pts
Meets All Expectations
All template questions addressed in a substantive answer.
5 pts
Meets Some Expectations
The majority of questioned addressed in a substantive answer.
0 pts
Does Not Meet Expectations
The majority of questions NOT addressed in a substantive answer.
6
Course Relevance
5 pts
Meets All Expectations
Article topic relevant,
and connected, to course topic.
2.5 pts
Meets Some Expectations
Article topic somewhat related to course content.
0 pts
Does Not Meet Expectations
Article topic unrelated to
course content.
8
Total Points: 20
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File Naming Format
Note: Please submit this assignment in our college’s Learning Management System (LMS), Canvas, using the following file naming format:
BUS101 Current Events Assignment – LastName, FirstName.docx
In the above file name, please change “LastName” to your last name and “FirstName” to your first name, and submit this file in a Microsoft Word format.
9122b3e8f4a904ed477538cb4f6a72e2a362d846.docx
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