Category: Ethics
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Friday Sept 9, 2016 Wells Fargo was fined $185 M by various agencies. for creating unrequested bank accounts and collecting fees on them. Rumblings of account impropriety have been in the open since 2013, when an LA Times investigation first revealed that sales pressures led Wells employees to cut legal and ethical corners. “Wells Fargo is…
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Sept 7. 2016 I can't think of a better place to start than learning all about health care, Medicare, Medicaid. Arecent GAO audit found 50 dead people who recovered $9.8 M after they died. Large programs like this are a treasure trove for fraudsters. The programs are so large that the fraudster knows there is…
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Tuesday Sept 6, 2016 I never lack for new scandals to discuss in the spring ethics class. Looks like 2017 will be no exception. The Malaysian Prime Minister has apparently embezzled some $3.5 B from the Malaysian Development Bank. Proquest does not have all articles on this one but here are two on following the…
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Tuesday July 12 2016 The really good ones never brag, instead they let the record speak for itself. and so Tim Duncan retired from the SA Spurs this week. The announcement came via a 538 word team press release. This is modesty on display. Read the link to one of the most honored sports careers…
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July 10, 2016 Each Fall I begin a Who's the Worst list of fradusters.This is preparation for the Accounting Ethics 5308 class taught in the spring. One particular case has already caught my eye so let's get underway. August 1, 2015 August 4, 2013 October 30, 2012 December 9, 2011 Friday April 30 2010…
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Friday May 27 2016 Baylor fired Coach Art Briles and moved Presiddeent Ken Starr to Chancellor. After what happened at Penn State, you would think a major college would have an ethics team from internal audit all over its athletics programs. But I guess not. This linked article contains comments from across the country on…
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Monday April 18, 2016 BRAZIL LOWER HOUSE VOTES TO IMPEACH PRESIDENT Brazil’s lower house of congress voted to impeach President Dilma Rousseff, report Paul Kiernan and Reed Johnson, although many of the president’s supporters are outraged that some of the lawmakers pushing hardest to impeach her have been caught up in a graft probe centered…
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Wed April 6, 2016 I never seem to run out of fraudster examples. Eric Conn (I mean is the name a tip off?) along with a former Federal Judge and a psychologist became the go to trio for qualifying for SS Disability benefits. The judge found individuals deserving of disability in 1,280 out of 1,284…
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Wed March 30 2016 James Jonas III is the disgraced city manager and city attorney from Crystal City, Tx. He lost his cush $216,000 salary as city manager when he was arrested.This is considered excessive for a city of 8,0000. So what to do for a living? The Fraud Diamond adds the dimension of Capacity,…
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Tuesday March 29 2016 Andrews W. W. Caspersen who had been a principal at Blackstone, is charged with a bizzare scheme to steal $25 million. We are studying fraud in the ethics class. And this case seems to fit the bill. Uppercrust pedigree from Princeton and Harvard HIgh Profile employer and background As we learn…
