Ethics and Social Responsibility

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Running Head: THE ETHICAL AND LEGAL IMPLICATIONS

The Ethical and Legal Implications of the University of Miami Ponzi Scheme

Abstract
The University of Miami case was one of the biggest financial scandals in the past year. Former UM Football Booster, Nevin Shapiro, orchestrated a $930 million Ponzi scheme, with which numerous NCAA rules were violated. Shapiro allegedly provided cash, goods, prostitutes, assorted favors and on one occasion, an abortion to University of Miami football players. This paper will examine the various legal and ethical implications involved in this case, including an analysis of the university’s social responsibility, and an overview of the scandal in terms of three ethical theories: utilitarianism, Kant’s categorical imperative, and ethical relativism.

Table of Contents
I. Introduction (Stephanie)
A. Purposes of Paper
* Analytical paper - “3 value” analysis of law, ethics, and social responsibility * Current, controversial, and narrowly focused topic involving business directly or indirectly * Significance of topic

B. Background Information regarding topic

II. Legal Section (Ashley)
A. Introduction to Legal Section
B. Statement of Relevant Legal Principles and Rules of Law C. Application of Law to Topic and Legal Analysis
D. Legal Conclusion (and transition to Ethics Section)

III. Ethics Section
A. Utilitarian Ethical Analysis (Stephanie)
* Introduction (brief) to ethics as a branch of philosophy * Introduction and brief explanation of Utilitarian theory * See Cavico and Mujtaba Business Ethics text Chapter 7 for discussion of Utilitarianism * Stakeholder, pleasure v. pain, numerical model of Utilitarianism - Utilitarian analysis as per required model (See required Utilitarian model below) * Moral conclusion pursuant to Utilitarian model

B. Kantian Ethical Analysis (Brett)
* Introduction and brief explanation of Kantian ethics
* See Cavico and Mujtaba Business Ethics text Chapter 8 for discussion of Kantian ethics * Statement of Kant’s Ethics Principle – The Categorical Imperative * Application of the Three Tests of the Categorical Imperative to topic (Universal “Law” Test; Kingdom of Ends Test; Agent-Receiver Test) * Kantian Moral Conclusion

C. Additional Ethical Analysis (Alvin)
* Selection by student(s) of additional third ethical theory for analysis * See Cavico and Mujtaba Business Ethics text Part I for suggested ethical theories * Statement of ethical theory and key ethical principles * Application of ethical theory and principles to topic and ethical analysis * Moral Conclusion pursuant to additional third ethical theory * Overall Conclusion to Ethics section as a whole (and transition to Social Responsibility section)

IV. Social Responsibility Section (Kimdashe)
A. Introduction to Social Responsibility section
B. Definition of term “Social Responsibility” and formulation of definitional-principle C. Application of Social Responsibility definitional-principle to topic D. Social Responsibility recommendations

E. Social Responsibility Conclusion

V. Conclusion (Kimdashe)
A. Restatement of Major “3 Value” Conclusions
B. Overall Conclusions, Personal Opinions, Recommendations, and Predictions

The Ethical and Legal Implications of the University of Miami Ponzi Scheme The University of Miami was one of the biggest financial scandals in the past year. Former UM Football Booster, Nevin Shapiro, orchestrated a $930 million Ponzi scheme, with which numerous NCAA rules were violated. Shapiro allegedly provided cash, goods, prostitutes, assorted favors and on one occasion, an abortion to University of Miami football players. This led to an enormous scandals and investigations, which resulted in the conviction of Shapiro, the suspension of eight UM football players, and the university’s withdrawal from bowl...
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