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Corporate Fraud and its Ethical or Moral Framework Perpetrators

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Prior to beginning work on this discussion forum, review Enduring Illusions: The Social Organization of Secrecy and Self-Serving Justifications: Doing Wrong and Feeling Moral, and watch Bernie Madoff The $50 Billion Ponzi Scheme
(Links to an external site.)
Identify one other example of a similar instance of corporate fraud that allows for an ethical analysis, and then discuss the following questions:
What ethical framework in our society allows for this kind of fraud to happen?
What ethical or moral framework are perpetrators of corporate fraud operating under?
Is this kind of fraud an inevitable result of corporate expansion or can the profit motive that undergirds corporate growth be controlled through moral regulators? Should it be controlled?

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Corporate Fraud
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February 5, 2021
Understanding the importance of ethics in the field of corporate management and relations is essential for any individual. This is because of a thin line that delineates between what can be considered 'ethical' and those which are not. Specifically, this happens because executives are expected to take 'risks,' which could compromise their clients' and members' trust despite their objective to improve business profitability. His ethical framework, wherein executives are expected to take risks, coupled with self-serving justifications, is what this fraud possible. In the succeeding sections, the author would discuss the case of the Lehman Brothers.
The Lehman Brothers were "forced into bankruptcy due to their poor practices" in accounting, wherein the executives disguised around $50 billion in loans by reporting them as sales. Although this is unethical based on the generally accepted practices in accounting, it seems that the Lehman Brother's justification of what they did was one of the reasons that mitigated their perception about the unethical nature of the act.
This justification could significantly be differentiated between pre-violation and post-viol...
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