Corporate Scandals
This company was based in Houston Texas and was audited by Arthur Andersen until 2001.
What is Enron
This Enron executive passed away before his sentencing (If he was sentenced, he could have faced up to 45 years of prison time.)
Who is Kenneth Lay
Intentional misstatement or omission of material facts in the financial statements to deceive stakeholders.
What is Financial statement fraud
NFL controversy involving the allegation that Tom Brady ordered the deliberate deflation of footballs used in the AFC Championship Game of the 2014-15 NFL Playoffs.
What is Deflategate
Theory in which one acts solely in their own self-interest
What is Ethical egosim
This was the largest Ponzi Scheme ever.
What was Bernie Madoff Scheme
The amount of of money Rita Crundwell embezzled leading to her sentencing of 19 years and 7 months
What was 53.7 Million
A form of internal fraud where employees use their position to steal cash or other assets from the company.
What is Misappropriation of assets
This NCAA football program received the first modern “death penalty” due to many serious violations including a slush fund used for "under the table" payments to players and their families to entice them to come play.
What is Southern Methodist University (SMU)
Produces the greatest good for the greatest number of people
What is Utilitarian Theory
The CEO of this company sold $75 million worth of stock the day before posting a huge loss, triggering a SEC investigation.
What is HealthSouth
Allen Stanford, CEO and Chairman of Stanford Financial Group, was convicted for fraud in the amount of 7 billion in 2012. What was the amount of time in prison he was convicted for? 24, 76 or 110 years?
110 years
This classification refers to deceptive business practices that causes the consumer to suffer financial fraud or other losses. Examples include phishing, identity theft, and pyramid schemes.
What is Consumer Fraud
MLB all-time hit leader who is currently banned for life due to betting infractions he admitted to in 2004.
Who is Pete Rose
Theory that emphasizes character in morals rather than doing one’s duty
What is Virtue Ethics