Ethical
consciousness is the willingness and ability to identify moral and ethical
contexts and dilemmas and examine the implications of one’s own behavior for
the lives of others. For example is Allan Stanford, who is currently in jail
and awaiting trial, this former billionaire was charged with running a
multi-billion dollar Ponzi scheme.
According to the
article, Huff Post Business: Allen Stanford Sentenced To 110 Years In Prison
For $7 Billion Ponzi Scheme, prosecutors said Stanford, 62, used the money from
investors who bought certificates of deposit, or CDs, from his bank on the
Caribbean island nation of Antigua to fund a string of failed businesses, bribe
regulators and pay for a lavish lifestyle that included yachts, a fleet of
private jets and sponsorship of cricket tournaments. The one-time billionaire
was convicted in March on 13 of 14 fraud-related counts in one of the largest
Ponzi schemes in U.S. history. Therefore, it shows us here that he is ignoring
the concept of ethical consciousness.
Having acted as the
Chairman of Stanford Financial Group, he is been accused of masterminding a
financial conspiracy to rob investors out of their hard-earned money and
misused their funds to sustain his extravagant lifestyle. He tried living the
good life at the expense of others and is now reaping the consequences of his
actions. As of today, Allen Stanford is taking a number of medications for his
depression and is even partially blind after an inmate assaulted him.
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