Wingo Case Summary

2) Frank A. Tassone; the former business manager, Pamela Gluckin; and an accounting clerk, Debra Rigano, who is a niece of Ms. Gluckin embezzled money in a scheme in which Dr. Tassone and Ms. Gluckin and nine of their family members and friends charged $5.9 million for personal items and cash advances on 74 personal credit cards. Then Ms. Gluckin and Dr. Tassone used district checks to pay those bills. The audit found that Dr. Tassone and

Buntrock did not act alone in this scandal. Many of his upper-level associates had a hand in this fraud. Other key players included: Phillip Rooney (President, COO and CEO for a period of the scandal), James E. Koenig (CFO and Executive VP), Thomas C. Hau (VP and Chief Accounting Officer), Bruce D. Tobecksen (VP of Finance), and Herbert Getz (Senior VP, General Counsel and Secretary). Each member of this scandal greatly profited in some way. Buntrock made over $16.9 million during the scandal. Rooney earned $9.2 million, Koenig over $900,000, Hau reaped over $600,000, Tobecksen over $400,000 and Getz gained $450,000.

Analysis: The facts of the case are circumstantial yet lay out a pattern of wrongdoing by the defendant. Specifically that Begelman willfully used non-public information to his financial advantage. The following timeline is indeed suspicious but no “smoking gun” or direct evidence of wrongdoing.

Facts: Newton Cantwell, along with his two sons, are arrested and convicted for soliciting money without a license. The three were soliciting money to benefit their faith (Jehovah’s Witnesses). Under Connecticut law, soliciting for money, no matter the purpose, requires a state issued license. Whether someone obtains a license is under the purview of the secretary of the Public Welfare Council. The criteria for an approved license is “whether ‘the cause is a religious one’ or one of a ‘bona fide object of charity.’”

One very public issue arose when the personal relationship shared between Debra Lee and Robert Johnson. This relationship brought to light the use of illegal accounting methods and allegations of using corporate funds for personal purposes.

The state agency: The state agency’s reputation could be at stake, although the company were doing unethical practices but they were having a good intention of helping those in need. The state agency could be facing bad publicity against the case. The state agency’s funding is at stake, as the scandal spreads there might be people who does not want to continue the donation. Also, state agency’s ability of distributing funds could be doubt during the process.

In particular, one such corruption discovery involved one leading business entity known as the Keefe Group http://www.keefegroup.com out of St. Louis, a leading inmate communications company and two Gainesville, FL businessmen.

Solomon knowingly received and spent the $17,000 “reimbursement” which came from Elmore’s estate funds as evidenced by the check memo which states“Elmore Desvigne Estate.” It is unclear why Solomon would front the money In April from his IOLTA, and then deposit the “reimbursement” into his business account.

In order to calculate Southwest’s expected future cash flows from the Blended Winglet project we made specific decisions in setting the cash flows. First, we assumed that the cost of a Winglet is $700,000 per pair. Additionally, we assumed initial costs of: installation downtown per plane of $5,000, an installation cost of $56,000, and a facility modification cost of $1,200. Since costs were expected to rise 3% over the extended life of the project, we calculated this 3% inflation rate into restricted runways savings, which in year one started at $500, and we calculated the 3% inflation rate into maintenance costs, which in year one

All parties involved in the accounting scheme except for Former CFO, Todd C. Crow agreed to settle out of court (subject to the approval of the U.S District court of Arizona) without confessing or refuting any fault. The parties involved included:

Between the years 2000 and 2002 there were over a dozen corporate scandals involving unethical corporate governance practices. The allegations ranged from faulty revenue reporting and falsifying financial records, to the shredding and destruction of financial documents (Patsuris, 2002). Most notably, are the cases involving Enron and Arthur Andersen. The allegations of the Enron scandal went public in October 2001. They included, hiding debt and boosting profits to the tune of more than one billion dollars. They were also accused of bribing foreign governments to win contacts and manipulating both the California and Texas power markets (Patsuris, 2002). Following these allegations, Arthur Andersen was investigated for, allegedly,

What had happened in the "kids for cash" scandal was that Judge Mark Ciavarella and Judge Michael Conahan had received a finder fee from Robert Powell. It was seen as a bribe, however, because Ciavarella did not report it in his tax

According to Bolman and Deal (2013), if organizations fail to meet human needs, then exploitation and deception occurs. An illustration of this is the BM borrowing against the building grant to cover expenses without Dr. Sings’ knowledge. Chris Argyris (1957, 1964)

Brenda Franklin had been serving Allied Tech for the past 8 years. As any other organisations, Brenda used to be a part of the lunch hour conversations with her colleagues. One day when her colleagues were discussing about corruption and politics, something occurred to her. As a result she prepared a list called “Ethically Dubious Conduct” and pasted it on the common notice board. Her colleagues were taken by surprise. Brenda was now anticipating the next lunch where she was expecting her list to be analysed among her colleagues.

When presented with the videotaped evidence during a security interview, the cashier confessed to stealing more than $500 in five weeks. The employee later pled guilty to felony theft charges. She was ordered to make restitution to Long John Silver's for the full amount of her confessed theft. The restaurant recovered the stolen money and avoided the greater expense of prosecuting the theft (Price).