International Business Ethics Expert Chuck Gallagher featured at Medtronic meeting in Geneva, Switzerland

December 18, 2012

FOR IMMEDIATE RELEASE

Medtronic Gray and BlueChuck Gallagher, international Business Ethics expert was the featured keynote speaker at the Medtronic – Culture of Ethics and Integrity Meeting in Geneva, Switzerland on December 11th and 12th, 2012.

Medtronic, Inc. (www.medtronic.com), headquartered in Minneapolis, is the global leader in medical technology – alleviating pain, restoring health, and extending life for millions of people around the world.

Focusing attention on the “Human Side of Ethics” Rob ten Hoedt selected Chuck because of his unique background and ability to deliver a compelling ethics message – one that will be remembered long after the meeting is over.  Rob ten Hoedt is the Senior Vice-President & President, EMEA & Canada, a role he has been in since 2009 and in which he is responsible for all sales and distribution of Medtronic products and therapies across these regions. He is a member of the Company’s Executive Committee (ExCom).

“I am excited to share with the folks at Medtronic the reality of how and why we make the ethical choices we make and what we can do to stay within our ethical boundaries.  All to often we focus on the compliance and legal issues surrounding our companies, when the most important issue of understanding the human element of our choices and the consequences that follow.”

Speaking and consulting with companies worldwide, you may have seen Chuck on television, or heard him on CNN, CBS or NPR radio programs.  His business insights are sought after for his strong position on ethics and sales leadership.  Chuck Gallagher’s focus is business – but his passion is empowering others.  His unique presentations, from Expert Sales Training to Effective Business Ethics clearly demonstrate he brings something to the platform that isn’t often found in typical business speakers.  Chuck’s personal experience in building businesses and sales teams while leading companies provides a practical and powerful framework for success.

Currently COO of a National Company and former Sr. VP of Sales and Marketing for a Public Company, Chuck may have found a sales niche early on in life selling potholders door to door, or convincing folks to fund a record album of his musical performance at age 16 (and yes those were the days when an album was made of vinyl), but it was the school of hard knocks that provided a fertile training ground for Chuck’s lessons in Success.  Described as Creative, Insightful, Captivating, and a person that “Connects the Dots” between behavior, choices and success, Chuck Gallagher gives his clients what they need to turn concepts into actions and actions into results.

It has been said that with Chuck you have an industry professional sharing practical tested and time proven methods that can enhance personal and professional performance with a clear focus on Ethics.  What Chuck shares in his presentations – whether training, keynotes or consulting – are understandings of not only “How To”, but also “what motivates behavior” – behavior of individuals which create personal and professional success.

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Chuck Gallagher is the founder of the Ethics Resource Group and for information about Chuck’s Ethics presentations, he can be contacted via http://chuckgallagher.com, email at chuck@chuckgallagher.com or phone 828.244.1400.

Chuck Gallagher is represented by Eclectic Media Productions a national PR firm.

http://www.mediaproductions.tv

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Stephen Lee Turpin Guilty of Ponzi Scheme. No Business Ethics Here!

October 26, 2008

Every choice has a consequence.  As a business ethics and white collar crime speaker, I address groups every day who elect to be reminded about this fact.  In this case, Stephen Lee Turpin, of Pearland, Texas has been sentenced to the statutory maximum penalty for his involvement in multiple “Ponzi” schemes which resulted in over $2 million in losses to several individuals.

Turpin, 53, was sentenced to 60 months in federal prison, the statutory maximum penalty, for conspiring to commit wire fraud and mail fraud. Turpin was convicted in May 2007 after pleading guilty to the charge.

In the scam resulting in the highest loss to an individual investor, Turpin, 53, convinced a Pearland woman to open a bank account in Zurich, Switzerland, and to then transfer $1 million from that account to a bank account for the supposed purpose of participating in a “high-yield European bond trading opportunity.” There was no such investment opportunity and Turpin netted $800,000 of the $1 million, which he used to purchase two houses and to support an extravagant lifestyle.

In addition to the $1 million loss in the “European bond trading” scam, between March 2003 and March 2005, Turpin convinced several other individuals to invest sums totaling over $1 million in various other fictitious enterprises, including entities allegedly engaged in entertainment promotion, the sale of novelty items at music venues, the construction of donut shops and the sale of flashlights in China. Turpin was able to continue obtaining investors in these wide-ranging fictitious enterprises by obtaining funds from new investors and providing a portion of those funds to prior investors with the representation that they were profits from their investment. Turpin was not in fact engaged in any legitimate business opportunities and was simply scamming those he approached with these “investment” opportunities. Turpin executed his “Ponzi” scheme between [dates] and targeted investors in the Houston area.

The question for this blog is what motivated the behavior?  While I am not proud of it, I, too, was guilty of a ponzi scheme.  For a fraud to exist there must be three components: (1) need; (2) opportunity and (3) rationalization.  In my case, “need’ existed due to too much debt.  I was over extended and underfunded.  Perhaps, in retrospect, the need started from something much deeper.  My guess that this is likewise true in Turpin’s case.

In addition to the prison term, United States District Judge Vanessa Gilmore ordered Turpin to pay over $2.1 million in restitution to the victims of his fraudulent schemes. Lastly, Judge Gilmore ordered Turpin to forfeit several assets purchased with fraudulently obtained proceeds, including two houses and a 2003 BMW Z-4 Roadster. The United States Marshals Office is in the process of liquidating those assets for purposes of making those funds available to the victims.

Turpin, who has been in custody since April 2007, will remain in custody to serve his sentence.

For those who were duped by Turpin, perhaps you’d be kind enough to share how he convinced you to participate in his scam.  Likewise, if you know Turpin, perhaps you’d share something about his background.