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June 2012
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July 2012

Let Your Conscience be Your Guide…Or Not

Conscience, Moral Compass, and Ethical Behavior I’ve blogged about it before – the lack of a moral compass. I’ve spoken out about fraud in our society. Business fraud contributed to financial meltdowns in the early 2000s because top executives in companies such as Enron and WorldCom played fast and loose... Read more →

Ethics of using Eminent Domain to Seize, Restructure Underwater Mortgages

What is 'Public Use' in the Context of Seizing Private Property? Last Friday an opinion editorial I wrote was published in the Pacific Coast Business Times. Given the interest in the topic, at least out here in California, I decided to post it on my blog. Eminent domain refers to... Read more →

Can We Make Sense Out of a Senseless Act?

Dark Knight Massacre Raises Important Questions about Society It was a dark night at midnight on July 20 when James Eagan Holms shot up a movie theatre in Aurora, Colorado killing 12 people and wounding 58 others, with 11 in critical condition. The killer brought four guns — two semi-automatic... Read more →

The Hole in the Moral Ozone is Getting Bigger

Rationalization for Cheating by Kids Bolsters the Theory of Moral Blindness The Theory of Moral Blindness holds that some people are unable to form an awareness of others’ thoughts; that their actions do not consider consequences on others. Moral blindness implies an irresponsible, self-serving nature. It means to act in... Read more →

Bank Financial Fraud Goes Global

The LIBOR scandal infects Global Financial Markets Last week it was disclosed that Barclays, a 300-year-old British bank, rigged the LIBOR rate. The LIBOR is a borrowing rate set daily by a panel of banks for ten currencies and for 15 maturities. The most important of these, three-month dollar LIBOR,... Read more →

GlaxoSmithKline Fraud Leads to Settlement of Whistle-blower Lawsuits

Health Care Fraud a Growing Problem On July 2, 2012, a federal judge approved an agreement by British drugmaker GlaxoSmithKline to pay $3 billion for criminal and civil violations involving 10 drugs, the largest health care fraud settlement in U.S. history. GlaxoSmithKline pleaded guilty to promoting the popular antidepressants Paxil... Read more →

What to do if you are a Victim of Financial Elder Abuse

Elder Fraud a Growing Problem In Tuesday’s blog I talked about elder fraud and recounted the fraud perpetrated against Jim and Miriam Parker who lost nearly $200,000 of their retirement savings to a fraud scheme. In this blog I look at the techniques used against seniors and what can be... Read more →

Elder Fraud

Fraud Schemes Bilk Elderly out of Savings This is the first of a two-part blog on elder fraud. Part two will be posted on Saturday. CNN Money reported the results of a study last week that senior citizens have been getting swindled out of billions of dollars a year, and... Read more →