James sold the shares of a company, for which his bother-in-law was the CEO, just a few months before the company filed for bankruptcy. James used information that was not public knowledge to save him from the loss. However, the general public that had invested in the company suffered huge losses due to the drastic fall in the market value of the company. What type of a fraudulent crime does this scenario best illustrate

Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.