ABSTRACT

Corporations are built to make money and need to make a profit to survive. However, many stakeholders believe there are right and wrong ways to create profits. EF Hutton chose the wrong way to make a profit through check-kiting, a questionable if not illegal way to get interest-free loans. When a company advertises itself as a pillar in the investment community, being caught using the wrong methods to turn a profit is an extreme crises. Check-kiting was viewed by many as both unjust and exploitative.