locate an example and discuss

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Business Finance

See my response below and locate an example focusing on the bolded information.

Transfer of learning or transfer of knowledge or transfer refers to learning in one context and applying it to another, i.e. the capacity to apply acquired knowledge and skills to new situations. … The issue of transfer of learning is a central issue in both education and learning psychology.

The U.S. Department of Justice reports that one in every ten bankruptcy filings has an element of fraud associated with it.

For example, in 2009, Joe and Teresa Guidice famous for starring in the reality show “Real Housewives of New Jersey,” filed for bankruptcy claiming that they were in debt for approximately $11 million.

The bankruptcy led to federal charges held against them which led to them being charged with a 39-count indictment for hiding assets.

The Guidices failed to disclose information related to their businesses, rental properties and Teresa’s salary for the “Real Housewives” franchise. Teresa was ultimately sentenced to 15 months in a federal prison while her husband Joe was sentenced to 41 months.

In another case, Steven Zinnel, was sentenced to 212 months in prison and fined $500,000 for bankruptcy fraud. Zinnel hid assets using a shell company he had invested in as a silent partner. The company paid distributions to Zinnel for many years, but he never disclosed the shell company or the payments he received. He kept this scheme going until he was caught by bankruptcy officials. These and many more cases are examples that show how bankruptcy fraud can be committed.