Category: Ethics
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Friday April 25 2014 Lance thinks he won the Tour. Well as he says, somebody won and hey we were all doping. I think the real tragedy, as he says. is that now, no one won for seven straight years. This seems terribly unfair to those that played fair and finished the race. What was…
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Friday April 25, 2014 Scott London, the KPMG partner pleading guilty for insider trading will serve 14 months and pay a $100,000 fine This is perhaps one of th emore amazing cases in audit fraud. London gave up inside information for a mere $70,000 and a $12,000 Rolex watch. Presumable he can watch the time pass…
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Thursday April 10 2014 Bill Gross is apparently still smarting over the exit of El Erian. El Erian was everywhere in the media while he was at PIMCO, the largest bond fund manager founded by Gross in 1971. while El Erian was the heir apparent, he bowed out saying someone else needed to lead. That left…
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Wednesday April 2 2014 GM had lots of problems with the first 2005 Cobalt. GM's new CEO notes that GM was a climate of cost control at all costs, now a climate of consumer focus. This story is a lot like the Ford Pinto that caught on fire. Ford concluded it was cheaper to pay…
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Tuesday March 25, 2014 For the last two years I started a Who's the Worst thread on my blog in advance of the Spring Ethics class. We have noted that some characters revive their status. Eliot ?Spitzer got a gig on CNNa nd then failed to be elected NY Comptroller. Nick Lessonwho took down Barings…
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Thursday March 6 2014 Teresa and Giuseppe Joe Giudice plead guilty to well lots of things like mail fraud and false tax returns. And he had income of $1 M between 2004 and 2008. Apparently they filed a bankrutpcy in 2009 atttempting to hide income. They also admitting filing fraudulent mortgage and loan applications and fabricating…
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Monday Feb 17 2014 There is nothing new about ghost writing or outright outsourcing your work to some one else. The Germans supplied Hessian mercenaries for the British during our Revolt. But Unemployed Professors.com certainly takes this to a new level. One professor has written 594 paperas and one student quotes a $130 price. so 594…
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Sat Feb 8 2014 Former KPMG LA Audit Partner Scott London was sentenced to jail for selling inside information on a client. the amazingthing is how little London got in exchange for the misdeed. April 6 2013 Tuesday April 16 2013 Business Insider reports that Scott London received a few meals, a $12,000 Rolex, and $25,000…
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Wed February 5 2014 The Recruiter Assistance Program was designed to pay soldiers $2000-$7000 for referring recruites who sigend up for the National Guard. It did not take enterprising soldiers long to scam this system. The recruiters themselves were not eligible for the awards. So the soldiers got walk in names of those volunteering. They claimed…
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anuary 31 2014 Bary Minkow was a boyish legend taking ZZZZ Best public when he was but 22 years old. But Best turned out to be a Ponzi Scheme. He emerged from prison, got a divinity degree from Liberty University and becam pastor at Community Bible Church in San Diego. He founded a fraud institute and…
