INSEAD Library

Includes bibliographical references and index

Digitized

Handbook of Frauds, Scams, and Swindles Failures of Ethics in Leadership Contents Preface The Editors Contributors About the Contributors Introduction Section I SURVIVAL OF THE FITTEST AND SMARTEST xi xiii xv xvii xxi 1 2 The Nature of Honesty: Exploring Examples of the Literary Hoax in America NANCY M. SHELTON 3 Price Adjustments under the Table DANIEL LEVY 17 Section II GREEDY INDIVIDUALS 3 4 5 Charles Ponzi STEVEN PRESSMAN 35 Farm-Town Boy to International Fugitive PATRICK KUHSE, JOYCE A. OSTROSKY, LINDA,M. LEINICKE, AND W. MAX REXROAD 45 Oscar Hartzell and the Estate of Sir Francis Drake STEVEN PRESSMAN 55 6 7 8 9 A Concrete Example of Fraud at the Fort Worth Independent School District ARNOLD I. BARKMAN 63 My (S)old Kentucky Home: The Erpenbeck Homebuilder Case JAMES CASHELL, BRIAN BALLOU, AND DAN L. HEITGER 73 ZZZZ Best: Taking Investors to the Cleaners TRISH ISAACS 81 The City Slickers Share Price Scam PAUL BARNES 93 10 Martin Frankel STEVEN PRESSMAN 101 Section III SCIENTIFIC CHEATING 11 Human Experimentation Involving Radiation, Syphilis, and Scurvy MATTHEW T. LEE AND JEANNINE A. GAILEY 113 12 Doctoring the Data: Ethical Failures in Medical Research KEVIN L. SISEMORE 129 13 From Fraud to Holocaust: The Protocols of the Elders of Zion CHRISTOPHER J. FERGUSON 141 Section IV SLIMY BEHAVIOR 14 The China Aviation Oil Scandal KEVIN T. JACKSON 151 15 The SH Oil and Gas Exploration Scandal PHILIP R. MURRAY 161 16 The Spanish Cooking Oil Scandal: Toxic Oil Syndrome or Cover-Up? JAMES P. JOHNSON 183 Section V FRAUD IN THE CORPORATE WORLD 17 Adelphia Communications: The Public Company That Became a Private Piggy Bank: A Case of Fraud in the Rigas Family Firm ROLAND E. KIDWELL 191 18 High Stakes and High Energy at Enron: The Meteoric Rise and Fall of the "Crooked E" STEPHEN F. HALLAM AND ROGER C. MAYER 207 19 The Inside Story of the Parmalat Scandal: Family Leadership Gone Wrong in a Multinational Group BAHRAM SOLTANI AND FLORA SOLTANI 221 20 Royal Ahold: Leadership Failure and "Big Bath" Accounting BAHRAM SOLTANI AND FLORA SOLTANI 237 21 The Vivendi Debacle: The Fallen Superstar BAHRAM SOLTANI AND FLORA SOLTANI 249 Section VI WATCHDOGS CAUGHT NAPPING 22 The Fall of a Giant: The Case of Arthur Andersen and Co. BONITA K. PETERSON KRAMER AND CHRISTIE W. JOHNSON 265 23 The Fall of San Diego DWIGHT V. DENISON AND JONICA L. BURKE 285 24 United Airlines: Pensions, Profits, and Ethics RICHARD H. FERN AND JUDITH W. SPAIN 297 Section VII UNHEALTHY DEVELOPMENTS 25 The HealthSouth "Family" FANNIE L. MALONE AND RICHARD PITRE 315 26 Richard Scrushy: The Rise and Fall of the "King of Health Care" STEVEN A. SOLIERI, ANDREW J. FELO, AND JOAN HODOWANITZ 337 27 See No Evil; Hear No Evil; Speak No Evil: Ernst and Young's Ethical Responsibility for the HealthSouth Fraud STEVEN A. SOLIERI, ANDREW J. FELO, AND JOAN HODOWANITZ 355 Index 373