Breaking news: Bernard Madoff was sentenced to 150 years in prison for his $50 billion fraud/Ponzi scheme. Proving, yet again, that crime really doesn’t pay. He may have lived high on the hog, but he’ll spend the rest of his life and rather less comfortable circumstances. My heart goes out to all those scammed by [...]
Entries Tagged as 'fraud'
A Hidden Cost of Crappy Business Ethics
May 5th, 2009 · View Comments · Business Ethics
Yesterday’s edition of Christopher Baauer’s Weekly Ethics Thought newsletter bore a startling statistic: 43.8% of the surveyed companies said they would not refer uncovered fraud to law enforcement due to fears of bad publicity. Wow! So these companies are potentially throwing away millions of dollars because they’re too ashamed of the bad press they’d receive. [...]
Tags: Business Ethics·christopher bauer·fraud·law enforcement
