...Coleen Colombo and Colleagues Resist Mortgage Fraud Synopsis In 2003, Coleen Colombo joined the California branch of BNC, where she worked as a senior underwriter. The BNC office in which Colombo worked was part of the regional group that offered a considerable amount of loan to its customers. The performance of Colombo in her work was outstanding. This is according to a wrongful termination and harassment suit filed in California Superior Court on her behalf and on behalf of five other BNC employees. The suit states that the work environment began to become hostile for Colombo in 2005 after one of her fellow employees, a male wholesaler, began bringing her loans with questionable attributes such as incorrect salaries and home values. The male wholesaler even tried to bribe her to allow a loan with incorrect information to be approved. According to Sylvia Vega-Sutfin, a former employee of BNC, the bribes were common in the company. Vega-Sutfin stated that most of the underwriters in the company demanded bribes so that they can approve the loans. When she refused to pay them, her life in the company began to become unbearable to her; sometimes her loan files could disappear mysteriously and the size of her commission checks dropped significantly. She claimed in the filed suit that her bosses said would make her an example to others who might want to complain regarding the issue of bribery. The same thing happened to Colombo; in her suit, she states that she informed the regional...
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...Week 5 Case Discussion Explain if the “fight-or-flight” response is evident in this case. * In the case with Coleen Colombo and colleagues resisting mortgage fraud there is evident of fight or flight present. When our fight or flight system is activated, we tend to perceive everything in our environment as a possible threat to our survival. By its very nature, the fight or flight system bypasses our rational mind—where our more well thought out beliefs exist—and moves us into "attack" mode. This state of alert causes us to perceive almost everything in our world as a possible threat to our survival. As such, we tend to see everyone and everything as a possible enemy. Like airport security during a terrorist threat, we are on the lookout for every possible danger. We may overreact to the slightest comment. Our fear is exaggerated. Our thinking is distorted. We see everything through the filter of possible danger. We narrow our focus to those things that can harm us. Fear becomes the lens through which we see the world. Explain whether or not fight-or-flight was an appropriate response to the stress. * When we face very real dangers to our physical survival, the fight or flight response is invaluable. Today, however, most of the saber tooth tigers we encounter are not a threat to our physical survival. Today’s saber tooth tigers for Coleen Colombo consist of a hostile environment, loans with fraudulent information, complaints on fraud being brushed off, sexually harassment...
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...Synopsis In 2003, Coleen Colombo joined the California branch of BNC, where she worked as a senior underwriter. The BNC office in which Colombo worked was part of the regional group that offered a considerable amount of loan to its customers. The performance of Colombo in her work was outstanding. This is according to a wrongful termination and harassment suit filed in California Superior Court on her behalf and on behalf of five other BNC employees. The suit states that the work environment began to become hostile for Colombo in 2005 after one of her fellow employees, a male wholesaler, began bringing her loans with questionable attributes such as incorrect salaries and home values. The male wholesaler even tried to bribe her to allow a loan with incorrect information to be approved. According to Sylvia Vega-Sutfin, a former employee of BNC, the bribes were common in the company. Vega-Sutfin stated that most of the underwriters in the company demanded bribes so that they can approve the loans. When she refused to pay them, her life in the company began to become unbearable to her; sometimes her loan files could disappear mysteriously and the size of her commission checks dropped significantly. She claimed in the filed suit that her bosses said would make her an example to others who might want to complain regarding the issue of bribery. The same thing happened to Colombo; in her suit, she states that she informed the regional vice president of BNC about the wholesale who wanted...
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...Coleen Colombo And Colleagues Resist Mortgage Fraud Columbia College Coleen Colombo and Colleagues Resist Mortgage Fraud Synopsis In 2003, Coleen Colombo joined the California branch of BNC, where she worked as a senior underwriter. The BNC office in which Colombo worked was part of the regional group that offered a considerable amount of loan to its customers. The performance of Colombo in her work was outstanding. This is according to a wrongful termination and harassment suit filed in California Superior Court on her behalf and on behalf of five other BNC employees. The suit states that the work environment began to become hostile for Colombo in 2005 after one of her fellow employees, a male wholesaler, began bringing her loans with questionable attributes such as incorrect salaries and home values. The male wholesaler even tried to bribe her to allow a loan with incorrect information to be approved. According to Sylvia Vega-Sutfin, a former employee of BNC, the bribes were common in the company. Vega-Sutfin stated that most of the underwriters in the company demanded bribes so that they can approve the loans. When she refused to pay them, her life in the company began to become unbearable to her; sometimes her loan files could disappear mysteriously and the size of her commission checks dropped significantly. She claimed in the filed suit that her bosses said would make her an example to others who might want to complain regarding the issue...
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...David Rutherford 3/27/2015 MGMT 362 The competency test actually opened my eyes concerning my behaviors. I will speak on my highest score 96 for ethics, and my lowest score 73 for communication. We often read about scams and dishonesty, it’s sad that individuals behave this way. No longer is a man’s word enough, and it’s hard to trust what some people say sometimes. I work in the sales business and I retain and get new customers by providing excellent customer service and being honest about the services I am providing. I take pride in what I do, and I want my customers happy. If they are happy they come back, and they bring new customers with them. It’s important to have strong ethics in every aspect of life people not only trust you, they can bond with you and that builds strong relationships. I scored a 73 in communication, I struggle with repeating myself. I notice sometimes when I am speaking with someone who might not understand English well I get frustrated. I have done better since working in retail. I understand the importance of communicating exactly what’s on my mind. I am brutally honest in expressing how I feel, I am learning how to tone down how I feel when communicating. Communication is extremely important, and it’s something that we all continue to evolve in as individuals. The assessment again made me take a good look at myself. We sometimes don’t look hard enough at areas...
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...appreciation of homes leads to borrowers obtaining subprime adjustable interest rates for a set period (UNC). This money lending boom led to a situation that Coleen Colombo and five other female employees of BNC found themselves in. Coleen, a senior mortgage underwriter that was routinely receiving “exceed expectations” on her performance reviews, started seeing a troublesome pattern. Coleen alleges that in 2005 a male mortgage wholesaler began bringing her questionable loan applications that contained incorrect applicant information including salaries and home values. When she questioned these actions, she was offered bribes, known as spiffs, in an attempt to entice her to approve these fraudulent loan applications. Coleen refused to partake in mortgage fraud and her relationship with her coworker soured. Her salary plummeted; her complaints to her senior manager went unresolved and led to a hostile work environment. This environment cumulated with Coleen and five of her female coworkers suing for sexual harassment (Hellriegel &Slocum 250). Around that time these subprime loans started going bad and the lenders were forced to buy back these risky loans. Interest rates rose, and housing prices dropped leading to increased foreclosure rates (UNC). Finding of fact number 1: Sexual Harassment Refusing to partake in mortgage fraud, Coleen alleges that the wholesaler who attempted to bribe her started sexually harassing her. The EEOC defines sexual harassment as unwelcome sexual advances...
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...During the heyday of the subprime lending boom circa 2003, Coleen Colombo had just begun her job as a senior underwriter at BNC. This small office she worked in was part of a larger umbrella group whose coffers funded over a billion dollars in loans every month. Initially, she had great success and received rave reviews. Managers would often rate her job performance as “exceeds expectations”. However, only two years into the job she would be exposed to the dark underbelly of the mortgage business. Facing mounting pressure to accept bribe money to approve sketchy loans, she lodged a formal complaint. Her actions were met with hostility, threats and sexual harassment. Ultimately, she would discover herself caught up in a corporate-wide system of corruption fighting for her job and dignity. Finding of Fact #1 Coleen Colombo’s co-workers are acting in an unethical manner due to the corrupt culture at BNC. A wholesaler within the company is submitting loans to Colombo with inaccurate information including occupations, salaries, and property values. He has even attempted to bribe her in order to get his loans approved. The vice president is even neglecting to hear her case. Recommendation #1 “The importance of having an ethical culture in organizations cannot be underestimated. Employees in organizations with a weak ethical culture reported a much higher level of observing at least one type of misconduct...
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...of Clinton, Mississippi who formerly served as the Vice President of Internal Audit at WorldCom. In 2002, Cooper and her team of auditors worked together and often at night and in secret to investigate and unearth $3.8 billion in fraud at WorldCom. At the time, this was the largest incident of accounting fraud in U.S. history. Since leaving MCI, Cooper has started her own consulting firm. In addition, Cooper speaks to professionals as well as high school and college students to share her experiences and lessons learned. Cooper's book about her life and the WorldCom fraud, Extraordinary Circumstances: “The Journey of a Corporate Whistleblower”, was published in 2008. Profits from the book were given to universities for ethics education. Coleen Rowley grew up in a small town in northeast Iowa. She obtained a B.A. degree in French from Wartburg College in Waverly, Iowa and then attended the College of Law at the University of Iowa. She graduated with honors in 1980 and passed the Iowa Bar Exam that summer. In January of 1981, Ms. Rowley was appointed as a Special Agent with the FBI and initially served in the Omaha, Nebraska and Jackson, Mississippi Divisions. In 1990, Ms. Rowley was transferred to Minneapolis where she assumed the duties of Chief Division Counsel, which entailed oversight of the Freedom of Information, Forfeiture, Victim-Witness and Community Outreach Programs as well as providing regular legal and ethics training to...
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...| Southwest Airlines Co. | Organizational Commitment and Communication | | | | Southwest Airlines, Co is according to Fortune magazine one of the best places to work for. The Company’s mission statement is "The mission of Southwest Airlines is dedication to the highest quality of Customer Service delivered with a sense of warmth, friendliness, individual pride, and Company Spirit." (Southwest.com) Southwest believes that their mission statement has led the way to the best cumulative consumer satisfaction record, according to statistics published by the U.S. Department of Transportation. They have the fewest customer complaints, and they have the most satisfied employees, their turnover ratio is less than 10% (D’Aurizio, 2008). Communication and Leadership play a critical role in any organization and Southwest Airline is not the exception. These two factors are crucial to their success. In this paper, I will discuss the role of organizational commitment and communication within Southwest Airlines. Specifically, I will discuss how the various sources of power and leadership styles impact the organization as a whole. Also, I will discuss the motivational theory that I believe fits best with Southwest’s current culture and how the organization communicates the motivational theory to its employees. Finally, I will take a look at the commitment of the employee and how they respond to the organizations attempt to motive them. Organizational Commitment and Communication ...
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...Running Head: The Transmission of Corporal Punishment The Transmission of Corporal Punishment: Is it Passed on to Our Children? Tamika R. James Park University Corporal Punishment on children is “frowned upon” in the country of the United States of America. It is considered to be egregious to many that live in this country and all around the world. The act of corporal punishment on children has been outlawed and laws have been changed with the evolution of parenting. Even with the laws that protect children from corporal punishment in place, a vast majority of the country still practices it at home. The purpose of this paper is to investigate whether or not the act of corporal punishment is passed on to future generations. In other words, if a child is brought up getting “spankings”, are they more or less likely to practice the act on children of their own. Several stipulations come to mind when people speak of corporal punishment. In this country it appears that a certain amount of corporal punishment is acceptable. The question is, where do we draw the line? Many would consider punishing a child by spanking them with a belt appropriate. There are other things to consider, such as: How hard are they spanking them? How often are they spanking them? Appropriate parenting seems to be up to interpretation. Whatever ones thoughts on the subject is, most will agree that corporal punishment should be the last resort. Why then is it so vastly practiced among parents? The thought...
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...conditions. Overall, the model is effective for Allstate. Discussion Question (Page 214) 7.) What are some of the negative issues associated with goal setting programs? Some negative issues with goal settings can be that it is not realistic. Employees might lack the knowledge or ability to attain the goals. A possible solution would be to provide training or education to meet desired goals. The person, task, and complexity of the goal need to be considered. If the person is not able to complete the task, then it may take longer if the person needs a considerable amount of learning. Also, the employee’s current workload should be considered, as it could affect the desired results and focus of their attention. Chapter 8 Case: Ethics Competency – Coleen Colombo and Colleagues Resist Mortgage Fraud (page 250). Question 1.) Is the “fight-or-flight” response evident in this case? Explain. The “fight-or-flight” response is evident in this case, as can be seen in Colombo’s reaction to the bribery. Firstly, Colombo brought the matter to the vice president’s attentions, as it was a matter of concern. Then when the vice president brushed her off, she left the office in tears, which indicates that there was a biochemical and bodily change that represents a natural reaction to that environmental stressor. Question 2.) What influences on stress experience appear to be present? All the factors that influence how Colombo experiences stress were evident in this case. The first factor to consider is...
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...hostile in 2005 and therefore it became stressful. * Past experiences Colombo had excellent work in the past, she knew her job was a senior underwriter, and she knew that it do not include bribery. * Social Support There was an absence of social support, Colombo co-workers wanted her fired because of her complaint which made her anxious and could not cope. * Individual Employees are different of the way that they experience and respond to stress, based on their personality. Colombo’s professional standards were being compromised and this caused her to experience stress. Colombo received a top rating that exceeded expectations. But after that was asked to pay bribes. Question 3: What were the primary work-related stressors for Coleen Colombo and Sylvia Vega-Sutfin? Explain Work related stressors: Job conditions, career development, role conflict, Interpersonal relations, and aggressive behavior influenced Colombo and lead to the level of stress she experienced. * Job conditions: The environment turned hostile in 2005 and thereafter, the suit says. At that time, one fellow employee, a male wholesaler, began bringing...
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...When we face very real dangers to our physical survival, the fight or flight response is invaluable. Today, however, most of the saber tooth tigers we encounter are not a threat to our physical survival. Today’s saber tooth tigers for Coleen Colombo consist of a hostile environment, loans with fraudulent information, complaints on fraud being brushed off, sexually harassment from male colleague. Nonetheless, this modern day, saber tooth tigers trigger the activation of our fight or flight system as if our physical survival was threatened. On a daily basis, toxic stress hormones flow into our bodies for events that pose no real threat to our physical survival. just wanted to say "thanks" for your donation of "2233" to TermPaperWarehouse.com. The TermPaperWarehouse.com community and I greatly appreciate it. You have saved a student in need. Please feel free to email me if you have any questions regarding the site. Come back soon! Okay, you've added the following senders to your block list: RE8P60R92770@thusadogwoodalte.info, L23IQ121W8Q8Y@GreenRoomShackSeason.com, OrchardBank@beginnerassure.info, gale@affiliateservicemxx.info, mana@affiliateservicemxx.info, LGC2PFAQIMYPJ@GreenRoomShackSeason.com, sancha@orbitbusinesssettings.info, jeslyn@revshopcategory.info, JCDFKHPFU4NC7@GreenRoomShackSeason.com, SteveP@www.caterfall.com, reply-jb2upv38rzsk@clickbuyhomes.com, E8BL2DMH5BXH5@GreenRoomShackSeason.com, Y5WINH099114@diicrabappl.info, MetLife@hvuo.electronicsnetwebiagowl.com, ConnectWithLifeAutos@arithmeticscale...
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...Auto Biography Hi! My name is Charissa Coleen A. Torres. I was born on June 9,1996. I’m 16 years old. I’m the youngest sibling in my family. My mother’s name is Julie Ann A. Torres while my Father’s name is Alexander A. Torres. The People who don't know me,think Im quiet but the people who know me,wish I was. I’m the type of girl who knows how to get along with other people but sometimes I’m moody. I’m also a shy type person,I don’t know why but that’s part of my nature. I do love music. My idols are Justin Bieber, Katy Perry, Jasmine Villegas, Cody Simpson, Greyson Chance and many more. I love playing sports sometimes like Badminton and Volleyball but I’m not quite good at that skills. I also love to read some books about Fiction, Romantic Comedy,etc. I am fun of surfing the internet especially social networking so that I will be updated on my friends and relatives outside this country. I am a certified fan of Harry Potter because it has a nice yet beautiful story. All of the movies of Harry Potter was so epic and awesome. My celebrity crush is Daniel Radcliffe because since I’m 7 or 8 years old, I like to watch Harry Potter Movies always. When I grow up and finished my studies, I want to become a Doctor, Dentist or any successful professions which I can get an income to provide the needs of my family. Well, that’s the end of my short story about my life. Bye!...
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...THEORY OF COGNITIVE DEVELOPMENT By Jean Piaget Kyzeah Coleen Tababa GJ Coleen Panaguiton Claudette Trespuentes Dr. Cynthia Dy STAGE 1: SENSORIMOTOR THOUGHT (BIRTH-2 YEARS) Babies are stuck in the HERE AND NOW world. They “know the world only in terms of their own sensory input (what they see, smell, taste, touch, and hear) and their physical or motor actions on it (e.g. sucking, reaching, grasping). (Littlefield Cook & Cook, 2005/2009, p. 157) Babies lack REPRESENTATIONAL THOUGHT or ability to think through the use of symbols (Littlefield Cook & Cook, 2005/2009, p. 158) Evidence of representational thought emerges from the use of language and OBJECT PERMANENCE “the fact that objects, events, or even people continue to exist when they are not in the infants direct line of sensory or motor action” (Littlefield Cook & Cook, 2005/2009, p. 159) STAGE 2: PREOPERATIONAL THOUGHT (2-7 YEARS) * Intuitive Though – logic bases only on experiences * Symbols in play * Egocentrism * lack of conservation Symbols in Play * Symbolic play: use one object to stand for another * Fantasy play: pretend to be something, or pretend activities that are impossible * Make-believe play: use toys as props Egocentrism “Child’s inability to take in others perspective” (Littlefield Cook & Cook, 2005/2009, p. 163) Three Mountain Test Timmy’s egocentrism prevents him from seeing Davie’s perspective… Timmy would draw the big mountain...
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