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Posts Tagged ‘financial crimes’

Holy Sticky Fingers: $600K in Donations Stolen from Lakewood Church

lakewoodWell, it was just a matter of time, right? America’s largest church, Lakewood Church, pastored by the well-coifed Joel Osteen, has been burglarized to the tune of $600,000! Last Sunday, according to the Houston Chronicle, something was afoot in the collections vestibule.

What’s that? Most churches have them. This is the holy of holies where designated church volunteers go to count the tithe for the bank deposit. While there is nothing morally, ethically, or biblically wrong with that, the shenanigans to come out in the news following this normal action were.

The ubiquitous quoted “church leaders” sent all members of Lakewood Church about the “missing” cash, checks, and written credit card statements. While that is responsible to keep church members aware about what’s happening with their donations, many more cynical people are focusing on something else.

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How Will the Public React to American Express’s Crimes?

The card that pays you back…after screwing you over.

Nothing hurts a brand’s public relations image more than charges of dishonesty, greed and manipulative behavior. This is exactly the PR mess American Express finds itself mired in today after agreeing to pay $85 million to customers it exploited–in addition to $27.5 million in civil fines.

Yep, that’s a $112.5 million penalty for treating its own customers like dupes. Richard Cordray, the director of the Consumer Financial Protection Bureau, explains in this Washington Post article that American Express violated laws designed to protect consumers “at all stages of the game — from the moment a consumer shopped for a card to the moment the consumer got a phone call about long overdue debt.”

As PR professionals, all we can do upon hearing this type of news is to throw up our hands and bang our heads on our desks. This is beyond inexcusable; it’s inexplicable. American Express, an iconic and trusted brand, must know better than this. The American people are fed up with corruption, particularly in financial institutions, and this type of news can eradicate decades of good will earned by consistency, diligence and hard work. American Express has come too far to act so recklessly toward the very people who allow it to be profitable.

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