Professor Elam

A Senate seat is a valuable thing, You just don't give it away for nothing. I want tomake money

Ill Gov Rod Blagojevich

Brian Culp claimed to be an Army Ranger involved in the Black Down episode, click the hyper link to read the truth.

Bernard Madoff has pulled off the bigggest fraud in Wall Street history. this former head of the NASD National Association of Security Dealers has biled investors in a $50B Ponzi Scheme.  Please read hyperlink on ponzi schemes as we will be referring to these throughout the course. 

A Ponzi Scheme takes money from later investors to pay the first investors. As confidence grows the perpetrator convinces people to 'let their money ride and re invest, rather than take it out. Madoff got caught when his investors wanted to withdraw $7 B during the stock market meltdown, he was unable to cover and the house of cards collapsed. 

We will be studying these gypsies tramps and theives as Cher's song described them, this spring. I am fashioning the syllabus from the last time I taught the class. This time we have 21 people enrolled. This will not allow as many personal presentations. We will be looking for your personal participation in the class.  Please start your study now by reading aobut these scams. 

I also plan to involve other faculty like Psy Prof Sam Rock when we discuss why people lie.  All of the above did,, all knew better, and it happens again and again Worse people are bilked and taken in by them again and again.  This failure of trust is what ethics is all about, or as Socrates asked, How shall we live?