http://www.journalgazette.net/article/20110929/LOCAL03/309299966/1039/LOCAL03
In Fort Wayne, IN seven people are facing charges for participating in a fraudualant check-cashing scheme. The group began cashing fake payroll checks between $600-$800 dollars. The checks had been issued through the Company Paragon Home Care. The owner of Paragon Home Care had stopped issuing payroll checks in 2009 after being victimized before on fraudualnt payroll checks, which means that the seven people had began forging their own checks. Only ten checks had successfully been cashed between may and June 2010.
Of the seven that had been convicted five of the of the people are being charged with currupt business influence, and racketeering.
To do something this currupt within the business you work for is very un-ethical. There had to be very little job satisfaction, and a lack of organizational commitment. If this is the second time that these practices have happened. I believe its about time that the company does something to beef up their security or begin to hire a better quality of employees.
Kevin Boyce
Thursday, September 29, 2011
Sunday, September 25, 2011
Banks to Small Business: Online Theft? Tough Luck
Small to medium size companies are losing money to online hackers. Their accounts have basic protections in place, but seem to pose no problem for hackers. An estimated one billion dollars was stolen from U.S. and European businesses by hackers. The problem is that the banks are not helping out the businesses. Cyber fraud is problem that is occurring around the world.
In New York, Karen McCarthy was a victim of cyber fraud, in which she lost $70000. She spoke with the branch manager at TD Bank. Karen was told that she would get all her money back. However, when the bank realized the money was stolen, they stopped returning her phone calls. This is extremely unethical. People trust the bank with their businesses money, and the bank is not protecting it. Even worse, they are not reimbursing the money to the people who have been cyber hacked.
This is just one example of many cyber fraud cases. This is becoming a pressing issue around the world. Banks need to implement high levels of protection. Also, businesses need to insure their money, if they lose it to a cyber-hacker.
Trevor Goggin
Hackers Take $1 Billion a Year
http://www.businessweek.com/news/2011-08-04/hackers-take-1-billion-a-year-as-banks-blame-their-clients.html
This article is about cyber crime an ongoing controversy as technology continues to become a large part of business. These hackers don't target the large bank accounts but the small to mid sized ones. Overall they are said to accrue up to 1 billion dollars a year through hacking.
A Michigan business called Experi-Metal lost 5.2 million in one day. CEO Valiena Allison got a call two years ago from her bank confirming a transfer. Allison had no clue of this and found out that her computer was approving them, it was hackers. Her bank Comerica Inc. said it was not their problem since her computer was infected by viruses.
The problem with this is that people are not aware of hackers until their money is gone. The article talks about how if people knew they were at risk, they would bank with JP Morgan Chase. Ethics is a big part of business and these cyber offenders violate in a big way. This article shows that you can never be too carefull when it comes to anything online.
Kyle Gierke
This article is about cyber crime an ongoing controversy as technology continues to become a large part of business. These hackers don't target the large bank accounts but the small to mid sized ones. Overall they are said to accrue up to 1 billion dollars a year through hacking.
A Michigan business called Experi-Metal lost 5.2 million in one day. CEO Valiena Allison got a call two years ago from her bank confirming a transfer. Allison had no clue of this and found out that her computer was approving them, it was hackers. Her bank Comerica Inc. said it was not their problem since her computer was infected by viruses.
The problem with this is that people are not aware of hackers until their money is gone. The article talks about how if people knew they were at risk, they would bank with JP Morgan Chase. Ethics is a big part of business and these cyber offenders violate in a big way. This article shows that you can never be too carefull when it comes to anything online.
Kyle Gierke
Friday, September 23, 2011
Delta Charges U.S. Troops for Baggage
http://www.huffingtonpost.com/2011/06/08/delta-troops-afghanistan-baggage-fees_n_873027.html
This article is about how the airline Delta charged U.S. troops coming back from Afghanistan $2,800 of baggage fees. The troops were informed that they were allowed to take on four bags without no extra charge, but when they all got to the airport they were told they were only allowed 3/person and would have to pay $200 extra for each bag. After this incident the soldiers posted a couple of videos on YouTube criticizing Delta for their service and talked about how unhappy they were about being charged when told ahead of time that they were allowed to carry on four bags.
Although this event happened over the summer, I heard about it recently in my marketing class. I found it interesting because Delta actually change their baggage policy due to the immense negative feedback from the community. Citizens thought it was unfair and unethical of Delta to charge the men and women fighting for our country when they've already done so much.
-Tina Nguyen
This article is about how the airline Delta charged U.S. troops coming back from Afghanistan $2,800 of baggage fees. The troops were informed that they were allowed to take on four bags without no extra charge, but when they all got to the airport they were told they were only allowed 3/person and would have to pay $200 extra for each bag. After this incident the soldiers posted a couple of videos on YouTube criticizing Delta for their service and talked about how unhappy they were about being charged when told ahead of time that they were allowed to carry on four bags.
Although this event happened over the summer, I heard about it recently in my marketing class. I found it interesting because Delta actually change their baggage policy due to the immense negative feedback from the community. Citizens thought it was unfair and unethical of Delta to charge the men and women fighting for our country when they've already done so much.
-Tina Nguyen
Monday, September 19, 2011
Krochet Kids International
http://www.youtube.com/watch?v=7Py3Fog8KB4
If you follow this link it will lead you to a video about Krochet Kids International, but more specifically about Betty, one of their employees.
A recent t.v. commercial led me to want to explore this company a little further. As you can see, they base their company around the mission "To empower people to rise above poverty". They do this by creating the cycle that was discussed in the video. While some may not think that this company can have an impact, Akello Alice (a hat maker) might beg to differ. When the company first met her, she could barely afford medication to keep her HIV under control and put food on the table for her children. Now, she owns land and is saving for her family's future.
This is a company that takes Corporate Social Responsibility to the next level. Their entire business model and strategy is focused on being sustainable and giving to others what many Americans are afforded by birth. If every company could even just have half as much compassion and drive to make the world, not just their corporation, a better place our world would be much better off.
-Amanda Inman
If you follow this link it will lead you to a video about Krochet Kids International, but more specifically about Betty, one of their employees.
A recent t.v. commercial led me to want to explore this company a little further. As you can see, they base their company around the mission "To empower people to rise above poverty". They do this by creating the cycle that was discussed in the video. While some may not think that this company can have an impact, Akello Alice (a hat maker) might beg to differ. When the company first met her, she could barely afford medication to keep her HIV under control and put food on the table for her children. Now, she owns land and is saving for her family's future.
This is a company that takes Corporate Social Responsibility to the next level. Their entire business model and strategy is focused on being sustainable and giving to others what many Americans are afforded by birth. If every company could even just have half as much compassion and drive to make the world, not just their corporation, a better place our world would be much better off.
-Amanda Inman
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