Prior to beginning work on this discussion forum, review Enduring Illusions: The Social Organization of Secrecy and Self-Serving Justifications: Doing Wrong and Feeling Moral, and watch Bernie Madoff The $50 Billion Ponzi Scheme
(Links to an external site.) video. Identify one other example of a similar instance of corporate fraud that allows for an ethical analysis, and then discuss the following questions:
- What ethical framework in our society allows for this kind of fraud to happen?
- What ethical or moral framework are perpetrators of corporate fraud operating under?
Is this kind of fraud an inevitable result of corporate expansion or can the profit motive that undergirds corporate growth be controlled through moral regulators? Should it be controlled?