Business ethics and corporate behavior affects everyone. In this episode, we review all the latest news about bad CEOs and the impact their wrongdoings have had on investor confidence. We also take a look at the Sarbanes-Oxley Act of 2002, a legislative reaction to the corporate scandals, and how it will change the way companies report their financials to the public.
The good news: Corporate fraud is not really on the rise in America. Investors can consciously choose to put their money in socially-responsible companies or mutual funds. In our “Investor 101” segment, Rob Black explains how you can make money investing in companies that “do good.”
The Scam Alert focuses on affinity fraud. When it comes to your money, you can’t trust anyone. A preacher and his church congregation in a small town in Alabama were duped into trusting a real-estate developer who asked them to invest funds to improve the church. The developer turned out to be a crook.
