The case of Rickey L. Bright engaging in business misconduct through money laundering up to $1.2 million presents an issue on business ethics. He was the project manager of Shoffner Mechanical, Industrial & Service Company Inc., and entrusted with approval of all purchases in all the projects under his docket. It raises the question of how much and to what extent trust engaged in some activities can be gauged. It keeps the employers wondering why employees would want to defraud them and create loopholes that may lead to big losses.
There are some straightforward laws in business such as fraud and money laundering which every employee from the CEO to junior subordinate staff understands. Understanding why Rickey engaged in such kind of risky misconduct despite the fact that he knew the consequences can only be termed as greed. There are legal rules involved in business law which are tied to corporate and social responsibility employee is entrusted with. What Rickey is portraying in this case is lack of commitment to his duties and responsibility. He betrays the trust of his employer. Work relations are based on goodwill and trust, something which seems to lack in this case.
One important thing that Rickey did was admitting his mistakes and helping in investigation instead of engaging in a court battle. It was sensible to admit the fraud which means that the lost money can be returned and hence big losses can be avioded. This shows that most fraud cases do not occur through being reliant. Second and third party should be included in some deals to increase transparency and integrity. It is also essential to carry out regular and unpredictable audits.