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I need to discuss the factual situation described in the short article attached and the ethical issue(s) presented, including:

(1) The individual and organization factors that led to the ethics problems in the article(s), and
(2) Your judgment about why many underlying issues in ethical problems and crises seem to generalize from one specific organization to many others.

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I need to discuss the factual situation described in the short article attached and the ethical issue(s) presented, including:

(1) The individual and organization factors that led to the ethics problems in the article(s), and

The facts are that CRE and Ossie raised $25 million from investors promising them that the money will be used in currency trading program. The investors were guaranteed a return of 10 percent every 30 days. The currency trading program of CRE and Ossie was not profitable but they paid the promised returns to earlier investors from principal invested by later investors. In addition, CRE and Ossie lied that their firm's accounts were audited by an outside ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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