Coal Mine Fraud Research Paper

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In 2010 a coal mine named Upper Big Branch located in Montcoal, West Virginia exploded, killing twenty-five coal miners ' and caused four missing later found dead from the buildup of toxic fumes and methane gas. The coal mine was being managed by the Performance Coal Company roughly thirty miles south of Charleston, West Virginia at the time of the explosion. This disaster is considered the deadliest in American coaling mining in about forty-years. Minister and miner Greg Scabro from Montcoal, West Virginia says, “I thought all day about what I was going to say to the families. I’m hoping I 'll have the right words when I need 'em. But right now I don 't have 'em in me. I might just cry with 'em awhile” (Berman). Because this catastrophe was considered one of the worst of all times it led to an investigation which opened up a lot of unanswered questions. Questions …show more content…
An example of a CEO getting away with fraud would be the Wells Fargo executive, John Stumpf, who was asked to step down instead of any consequence being afflicted with him. The crime caused the bank to pay 184 million dollars to make up for the fraudulent charges (Wang). This is a prime example of corporate greed taking reign over the people. Because the charges involve finances the courts decide that too much of a punishment will not do anything but when a slap on the wrist is given it will remind them that a lot worse can come. As stated by Mr. Ruby, “that a lighter penalty, “would signal that committing mine safety crimes might be a good gamble for a C.E.O” (Blinder). Which in fact by the statistics could be true since the number of CEOs being convicted is increasing each year. To go back to Blankenship 's case he was able to take control of the State Supreme Court and caused this horrific accident with the intentions of not wanting to “waste money” on worker

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