Question: Fox is a computer programmer. He works as a market analyst for Global Investments, L.L.C. (Global), an investment firm specializing in commodities trading. Fox is
Fox is a computer programmer. He works as a market analyst for Global Investments, L.L.C. (Global), an investment firm specializing in commodities trading. Fox is envious that executive management at Global makes more income than he does, including yearly bonuses. Fox feels that he is just as valuable as executive management, particularly since he believes that management (not just Global) profits personally from his astute market research programming. Fox is resentful that he is underappreciated and underpaid.
Last weekend, Fox used his computer savvy and hacked into the financial records of Global Investments executive management. Angry that they were just awarded substantial bonuses, Fox exercised the stock options of numerous Global managers and transferred $1 million into his personal Global account. Global executive management is not currently aware of Foxs exercise of their stock options and the associated transfer of funds. Provide your response in 2 paragraphs. Paragraph 1: Identify the law(s) that Fox has violated and define each of them. Paragraph 2: Explain how Foxs specific actions broke the law.
HINT: Crimes to keep in mind are Fraud, Embezzlement, Computer Crime and The Counterfeit Access Device and the Computer Fraud and Abuse Act.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
