Fraud

What Should Be Done About Congressional Sexual Harassers?

A Case of Bad People Acting Badly Last week it was reported that taxpayers have paid more than $17 million over the last 20 years to resolve claims of sexual harassment and other workplace abuses. There is no reason for these payments to come from taxpayer funds. Each person in... Read more →


The Risks of Initial Coin Offerings and Wall Street Greed

Online Fundraising Red Flags First, there were junk bonds developed by Michael Milken that provided investors with high-yield bonds issued by companies with questionable credit ratings access to capital. Then, there were subprime mortgages issued financial institutions to borrowers with low credit ratings and who normally would not qualify for... Read more →


Ethical Challenges in the Workplace

What Should You Do When the Boss Wants You to Do Something Unethical? It happens from time to time that your boss may ask you to do something that you know in your gut is wrong. You probably feel compelled to do it to avoid a negative reaction from your... Read more →


J.P. Morgan Chase Bribery Breaches its CSR

“Sons and Daughters” Program Violates FCPA For seven years between 2006 and 2013, J.P. Morgan Chase hired about a hundred interns and full time employees at the request of government officials in China and Asia as part of its efforts to build banking relationships in the fast-growing region. The hiring,... Read more →


Is Wells Fargo a Corrupt Organization?

CEO John Stump Pays the Price of Establishing a "Sales at all Costs" Culture I have previously blogged on my Ethics Sage website about the unconscionable actions of Wells Fargo and its CEO, John Stumpf. Much has happened in the last few weeks so the purpose of this blog is... Read more →


Wells Fargo’s Corporate Culture Promotes Unethical Banking Practices

Corporate Compliance and Governance Failures at Wells Fargo How can we explain why a bank allowed its employees to open more than 2 million unauthorized accounts, sticking customers with almost $2.5 million in fees? The answer is Wells Fargo has a corporate culture that enabled its employees to put their... Read more →


Tony Menendez: A Real Hero in the Workplace

The Lost Art of Integrity in Business and Accounting Doing the right thing and blowing the whistle do not always pay off and can be an arduous task. A case in point is what happened to Anthony Menendez in his whistle-blowing ordeal at Halliburton. One day in February 2006, Menendez... Read more →


Using Social Media to Spot Insurance Fraud

Your Social Networking Postings Can Get You in Trouble Imagine that you went on medical leave from your job and received disability benefits for more than one year after which the benefits stopped. You have no idea why. You contact the insurance representative for your employer and find out that... Read more →


To Prevent Whistleblowing, Encourage Whistleblowing

Developing an Effective Whistleblowing Program Does a strong workplace ethic that promotes whistleblowing enhance the moral actions by corporations? Yes, is the short answer. As we found out during the frauds at companies like Enron and WorldCom, as well as the financial recession, corrupt organizations can only be stopped through... Read more →


Is Olympus a Corrupt Organization?

Whistleblower Settlement Raises Doubts about Management’s Intentions On March 2, 2016, it was announced that John Slowik, a whistleblower formerly of Olympus corporation, was awarded $51 million as part of the settlement of his qui tam action under the False Claims Act. The FCA permits private parties to sue for... Read more →