Ethicast Reacts: NBA Insider Trading Scandal
Description
On Oct. 23, the FBI indicted more than 30 people within the National Basketball Association for charges related to illegal gambling; namely insider trading-style schemes around so-called "pop bets," that wager not on a game's outcome but on an individual's performance or a specific moment or event within a game. The indictments have been described by the FBI as a major blow against organized crime, and characterize this as a major crisis for the NBA. For those within the ethics and compliance profession, this is a corruption scandal with clear lessons to teach us around subjects such as incentives, pressure, and more.
With us in this episode is Ethisphere Chief Strategy Officer, Erica Salmon Byrne, as she provides her insight on how E&C leaders can take the lessons learned from this scenario and inform best practices within their own business integrity efforts.
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