Tuesday, February 8, 2011

Leadership Gone Bad

So, I was reading through my Fortune Magazine today and thought: "Why not use a story of an influencer possessing leadership, that was used for bad?"  
I find it quite interesting to hear stories of individuals with so much potential, who wash it away through illegal or unethical acts.  This specific story is about a man named Tobechi Onwuhara.

To give a brief summary as to what happened, Tobechi lead a group of (7 or 8) individuals through an ongoing heist.  This "crew" manipulated databases and lenders to siphon millions out of the accounts of homeowners using merely cell phones and internet connection.  Through the course of 3 years, it was determined that he stole $44 million, according to the FBI (They believe the actual total may be between $80-$100 million).  

Clearly the fraud that took place requires significant amounts of intelligence, or, to say the least, technological "savy-ness."  This means that Onwuhara posseses impressive skill sets that most would envy.  In addition to the massive amounts of skill sets required to pull of such a large scale heist, Tobechi also possesses leadership techniques that are vital for successful leadership.  The biggest feature being motivation.  He lead a group of people to engage in illegal activity, fully aware of the consequences!  

He was no doubt a powerful leader, but it's a shame that his leadership was used to do negative things.  With an individual with so much potential, it makes you wonder, "What if he had used this leadership for a worthy cause?"  

For more information check out the link from the following source: 

O'Brien, Luke. "Tobechi Onwuhara: King of home equity fraud - Full version - Jan. 25, 2011." Business, financial, personal finance news - CNNMoney.com. N.p., n.d. Web. 8 Feb. 2011. <http://money.cnn.com/2011/01/24/real_estate/onwuhara_home_equity_fraud_full.fortune/index.htm>


-Danny Mielneczek

4 comments:

  1. It's amazing how great of a leader someone can be-and do awful things with their ability. I would be curious as well, to see what kinds of things he could have accomplished that were positive and if he would have had the same kind of "success".

    (Posted by: Tara Kaeb)

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  2. This seems kind of like a poor man's Ocean's 11. It certainly took a great deal of leadership to persuade that many people to blatantly disobey the law and harm other people for their own gain. Onwuhara certainly practiced reward power as his major base of power since his crew was able to snag $44 million. He also probably employed both types of personal power, which are referent and expert power. Referent power refers to how well liked and respected he is, and he would have to have high levels of that to keep his team in order and convince his followers to risk their freedom and livelihood for the cause. He also clearly had expert power, since he knew how to hack and use technology to his advantage in stealing money. This is a great story, check out our blog and feel free to comment.

    -Jonathan Lucento

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