I was surprised by the article published by the Morning Call this morning,
"'Crazy Eddie' fraudster talks white-collar crime at East Stroudsburg University". But the whole idea seems to have worked perfectly for the University and it's students!
This businessman went to East Stroudsburg to talk about his crimes and showed no remorse. He actually said,"My only regret is that I got caught". But in my opinion, he was actually in character to help students recognize the effects of greed on business.
He was part of a big business/financial fraud that is still causing waves in other so called retail "seconds". Like Overstock.com who claim to do well in resales of over-produced goods but feds are now checking on possible over "cooked" numbers on inventories and sales!
The association with other cases of financial fraud created an interest to learn from this man and his story about his family involvement.
It was a little scary to read how he told the audience, that they were caught only because of his marriage infidelity and some family inside jealousy. But also encouraging to know that he is now working for the FBI in an attempt to clean his "soul".
The most important lesson was exposed by an East Stroudsburg student when he asked the speaker about the money he made of the scam and in response was asked if he will accept his answer as truthful, the student's answer was a solid NO! http://www.mcall.com/news/local/allentown/mc-east-stroudsburg-crazy-eddie-20101023,0,3886180.story
This is very interesting. I must agree with the student at the end. How can you trust anything that the man says since he lied for a living then turned on his family. It makes me wonder how many other businesses are doing what he did.
ReplyDeleteI'm not quite sure how to feel about this. Shouldn't they have made sure whoever they brought in was going to show remorse for a crime? This guy probably just came in and laid out a plan for anyone to follow to commit fraud, and also told them what he did wrong to get caught. I realize that most people are decent enough to just ignore it or disregard what he says as criminal, but if just one or two people are listening, there's two more who now have the knowledge of how to pull something like this off. How can he "clean his soul" if he's not sorry about what he did? I know about programs like "Scared Straight", but this guy doesn't really seem to want to scare anyone, it's more like "Here's how I ALMOST got away with it!"
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