Ethics Analysis: The Panama Papers

March 30th, 2017 by Kara in Case Studies

By: Anh Le Introduction John Doe sent the documents he gathered from Mossack Fonseca (MF), a Panamanian law firm to the German newspaper Süddeutsche Zeitung stating that massive, pervasive corruption from high net worth individuals and criminals represented the erosion of ethics around the world. John Doe believed the documents had to be made public for everyone to understand the sources of income inequality. This report provides an overview of MF, how its documents were leaked to the world, and the global reactions. Specifically, this report addresses the cases documented in ...

Wells Fargo Fake Accounts Scandal

March 15th, 2017 by Kara in Case Studies

By: Harley Comrie Republicans in Congress and Donald Trump want to roll back Dodd-Frank regulations to help banks become more profitable, and remove ‘burdensome’ regulations. These politicians apparently forget that so-called ‘light touch regulation’ was a reason for the Great Financial Crisis (GFC) of 2008, the effects of which haunt us still and carried President Trump to power. It is helpful to remember even after the GFC, bank scandals recur with dismal regularity and that regulations form the thin red line protecting consumers from the greed of financial institutions. The following is ...

Ethics Analysis: Foreign Bribery

March 2nd, 2017 by Kara in Case Studies

By: Rachel Thomas Part 2 in SPI’s Trump Financial Ethics Watch Series Trump’s Repeal of Disclosure of Payments Rule for Oil and Mining Companies On February 14, President Trump signed his first piece of legislation, H.J. Resolution 41, repealing an anti-corruption measure that required oil and mining companies to disclose their payments to foreign governments. The resolution repeals a Securities and Exchange Commission (SEC) rule written under the 2010 Dodd-Frank financial reform law. The purpose of the SEC rule was to safeguard against corruption in resource-rich countries by mandating companies on US stock exchanges ...