Wood procurement foresters can be placed in a number of situations where their core ethics may be challenged by circumstances, management and customers. What would you do in this case study?
As most of you know, our industry went from the big vertically integrated companies where timberland was a closely held asset for the paper and saw mills, to a world where the timberland has now been acquired by timber investment firms. That occurred in large extent in the early 2000’s, although you could draw the … Continue reading Oct 2018 News — Con Men
Greetings! This month I ran across several articles about cases that are in the court system for thefts in the timber industry. It reminded me that there always seems to be a debate about whether companies should even prosecute. So often the effort doesn’t seem to be worth the trouble and, in many cases, the … Continue reading So Many Cases, So Little time
Everything seemed to be going well, until all of a sudden, it wasn’t. On August 21, 2018, Judge Reeves will sentence Arthur Lamar Adams for violating the anti-fraud provisions of the federal securities laws. Adams has pleaded guilty to having devised a sophisticated Ponzi scheme that attracted at least 300 wealthy investors in 14 states … Continue reading Forest Industry Ponzi Scheme
In a recent case, the Alabama Supreme Court upheld a multi-million dollar verdict against an Alabama timber processing company when several wood dealers filed suit claiming they were cheated into accepting lower prices based on a promise of participation in a federal subsidy program. In the initial jury trial, the defendants were awarded $1,092,692.71 in … Continue reading Oct 2017 Newsletter — Case of Government Subsidies
On a recent flight, I was settled into my seat ready to catch up on some reading. Frequent flyers recognize the opening question that tells you the stranger sitting next to you wants to talk, “So…..what do you do?” She said she was a dentist and I answered that I was a forestry consultant. I … Continue reading Feb 2017 News – Fraud Lessons