The purpose of this paper is to be able to provide an example of a recent scandal about usual unethical behavioral occurrences in Mexico. This paper aims at addressing the principal factors; actors involved, consequences and outcomes of unethical behavior, it also analyzes the impairment done to workers, companies, oil Mexican industry and the Mexican government. This paper is an attempt to shed light among Mexican citizens and provides an international perspective of the white-collar crime perpetrated by Oceanografia, PEMEX and CitiBank Inc. In addition, implications and penalties faced by each person engaged Kickbacks, bribes, no/bid for federal contracts, secret meetings and agreements, lies and misinformation; it is a common occurrence on global news headlines that Mexican government and private corporations have been beset by a plague of dishonesty, corruption, and malfeasance of funds. Between those recent government scandals, many Mexican citizens lost the faith, reliability and belief in public institutions and politic parties. In addition, Mexican government’s credibility had been decreased within International governments and investors. Hence, it is difficult to gauge the extent of distrust, dishonesty among Mexican citizens as it is typical of public administrators to illicit behaviors of bribes, corruption, and organized crime? Although unethical behavior in government has been associated with contractors, officials’ elections and corporative agreements; during the last 70 years, the most powerful political party (PRI) had been charged with many corruption scandals relating to campaign financing, white collar (Stephens, 2011), budget frauds and malfeasance. This case study involves corruption in the Federal... ... middle of paper ... .... (2014, 02 28). México interviene Oceanografía, la empresa acusada de fraude. El Pais, p. 1. Retrieved from http://economia.elpais.com/economia/2014/02/28/actualidad/1393609867_504025.html Stephens, J. (2011, 04 4). Fraud in the Business World. Retrieved from http://www.studymode.com/: http://www.studymode.com/essays/Fraud-In-The-Business-World-672503.html Touryalai, H. (2011, 11 29). America's 50 Biggest Banks (And Bank Of America Isn't #1). Retrieved from http://www.forbes.com/: http://www.forbes.com/sites/halahtouryalai/2011/11/29/americas-50-biggest-banks-and-bank-of-america-isnt-1/ Transparency International Org. (2013). Corruption by countryTerritory. Mexico: http://www.transparency.org/country#MEX. WORLD WAR 4 REPORT . (2014, 11 03). Mexico: Citigroup, Pemex mired in fraud scandal. Retrieved from http://ww4report.com/: http://ww4report.com/node/13067
...ties. Similarly, objectivity in some articles presented by Jane’s is challenged by some imprecise data which misrepresent the reality of money laundering in Colombia and international crime in general. On the other hand, it is not possible to evaluate the credentials and authority of Jane’s analyst due to the anonymity of their members. In the same sense, the lack of the list of sources used to elaborate Jane’s articles force the reader to blindly believe what the author expresses and hinders the possibility to compare what it is stated. Finally, despite some imprecise data reported in the articles regarding money laundering in Colombia, most of the information is up-to-dated and current. However, it is important to highlight that Jane’s presents reduced coverage in comparison with analogous databases such as Factiva or the United Nations Office on Drugs and Crime.
...e corruption of government officials throughout the world.” The reasons are clear: profit and power. Powerful drug cartels often join forces with law enforcement officials for a cut of the profit, and in turn, they aid and support the cartels’ illicit activities, including drug trafficking, money laundering, gang violence, extortion and blackmail.
Rose-Ackerman, Susan. Corruption and Government: Causes, Consequences, and Reform. N.p.: Cambridge University Press, 2007. Print.
Bray, J. (2005). The use of intermediaries and other alternatives to bribery. The New Institutional Economics of Corruption, London und New York, 93-111.
She opened the door and a scream was unleashed, she saw her father hanging. Death had come knocking at their door, there was her father, hanging dead, emotionless, his beady lifeless eyes staring at his daughter. Lily turned around and heard her mother’s frantic footsteps making their way up the wooden staircase. Lily stood by the door of her father’s study with glimmering tears running down her cheeks.
White-collar crimes and organizational structure are related because white collar-crimes thrive in organizations that have weak structures. According to Price and Norris (2009), the elites who commit white collar-crimes usually exploit weaknesses in organizational structure and formulate rules and regulations that favor their crimes. Makansi (2010) examines case studies to prove that white-collar crime is dependent on organizational structure. For example, the financial crisis that Merchant Energy Business faced in 2001-2002 occurred due to the liberal Financial Accounting Board, which failed to provide a standard model of valuing natural gas and fuel. Moreover, a financial crisis that rocked the securitization market in 2008 was due to fraudulence in the pricing of securitization products. These examples ...
According to Sutherland, white-collar criminality is expressed in all corporations. In business, it is more frequent in the form of manipulation such as stock exchange, misrepresentation in the financial statements of the corporations, bribery of public officials, commercial bribery just to a few (Sutherland,1940). According to Pontell et al., 2014), white-collar criminals are respectable people who commit crime, where unlawful undertakings are hidden and concealed in organizational work by upstanding conduct. White-collar misconduct denotes to wrongdoings committed in an institution by those who indulge in deceitful doings, either by themselves or utilizing mediators, for monetary gain (Schoepfer et al.,
The Merida Initiative with advancement in the security of law enforcement and border patrol will allow Mexico to overcome much of the corruption and penetration of public institutions. Deprived of an increase in law Mexico will remain in a state of violence and homicides. A study done in Mexico demonstrated that out of 200,000 Mexicans, fifty-six percent considered the root of the problem to be impunity in the judicial system. The citizens of Mexico have found the root of the corruption yet the Mexican government seems to remain in the unknown. Lacking the proposal of the Merida Initiative with an increase in law, structural improvement and anti-trafficking will remain elusive. Another reason for the proposal of increase in law and advancement in the Merida Initiative is to minimize the corruption in the Mexican government and avoid the given powers to the cartels. The Mexican government is purchased by the money of the cartels enforcing the entity to be one mafia. Although corruption is unavoidable, it is maintainable through the increase of security and advancement to the Merida Initiative. The people of Mexico are in constant fear that at any moment a bullet will be sent in their direction, or that their children will become members of cartels. Through an institutionalized reform to sustain
During the 20th century, it is worth reckoning that many studies were carried out on white collar crime. However, these studies, conferences on white collar crime, and the publication of books on the same, were largely conservative. From the 1980s through to the first half of the 21st century, there was a recurrent idea that “greed is good”. This mantra that was semi-official encouraged corporate scandals including Halliburton and Enron (Jensen & Gerber, 2007: 11).
Thirdly corruption is endemic and has spread to every facet of the economy. It is widely prevalent in many government and public agencies and foreign banks believe that business operations may come to a halt if they is “no greasing of palms’’
United Nations (1990). Corruption in Government. Report of an Interregional Seminar held in The Haque, The Netherlands on December 11-15. New York: The United Nations.
The question of public tolerance of political corruption has assessed from different approaches. Some scholars, for instance, focus on the direct link between citizens and organization/leaders based on clientelism, nepotism, cronyism, and other informal ways of wealth redistribution (Kurer, O. 1993, R...
Introduction: Corruption has become a worldwide problem. Every nation has some level of corruption in varied proportion. Some nations are highly corrupted while some have come a long ways into reducing the level of their existing corruption. Nonetheless, corruption cannot be completely eliminated. In any way, all types of corruption can be attributed to the manipulation of public power for private gain. In the next paragraphs, I will analyze the fundamental causes of corruption and determine the reason why corruption has been greater in countries with extensive government regulation. Also, I will assess the ethics surrounding corruption and the variation of its use across countries.
While the work of Bajari and Ye (2003) and Padhi and Mohapatra (2011) provide a great foundation for identifying deviations between cartel and competitive ...
Corruption in the world is a vice that has grown in complexity. It has now become not only a factual issue, but also a legal issue. Swardt, (2009), stated that “the fight against corruption is central to the struggle for human rights. Corruption has always greased the wheels of the exploitation and injustice which characterize our world. From violent ethnic cleansing to institutionalized racism, political actors have abused their entrusted powers to focus on gains for the few at great cost for the many” (p.5). Along the same line, Svensson (2005) described corruption as “the misuse of public office for private gain. Misuse, of course, typically involves applying a legal standard. Corruption defined this way would capture, for example, the sale of government property by government officials, kickbacks in public procurement, bribery and embezzlement of government funds” (p.20). This can be partly attributed to the need to adequately address the ever-evolving formation of corruption and its grave consequences in major sectors of the economy, governance and even socio-cultural cohesiveness. Corruption, defined as the abuse of public power for private gain, is an ancient topic (Peyton & Belasen 2012). Individuals who practice corruption have vicious behaviors and deteriorated personal values or traits, generating severe and enduring toxic effects on other individuals, families, organizations and even entire societies they lead.