BUSI 4705 Lecture Notes - Business Ethics

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Document Summary

Name of article: fraud case delayed by 2 months. Retrieved from: the new york times, november 1st 2012. This article mainly talks about caribbean pacific marketing, a small company in florida, usa that had been practicing frauds to investors since it started selling stocks publicly this summer. The company turned out to be almost only a name and non-existent since it had no products/services to sell and had generated zero revenue. It was very deceptive for them to use the term emerging growth company when selling these stocks to investors. I think it is very unethical to lie about the real condition of your company in order to attract more investors and generate more capital. Investors who lack information can only rely on limited amount of resources to assess the credibility of the company, and carribean pacific. Marketing is one of those that takes advantages by committing frauds.

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