Fraud

Fraud

After Goldman’s Settlement, The Wall Street Fraud Of The Week Club Is At $200 Billion And Counting

In April 2006, while Goldman was preparing an RMBS backed by Countrywide loans for securitization, a Goldman mortgage department manager circulated a “very bullish” equity research report that recommended the purchase of Countrywide stock. Goldman’s head of due diligence, who had just overseen the ...Read More

Dirty Little Secrets (Money Laundering, Tax Evasion) of the Rich and Powerful have been exposed in the Panama Papers

The Panama Papers are 1,500 times larger than the “Cablegate” document dump at Wikileaks and entangle some of the most powerful people in the world. With so much information released at once, it’s easy to lose track of what’s going on, so we prepared this ...Read More

MetLife’s ‘too big to fail’ label is taken away, a win for the insurance giant

MetLife Inc. has won a major legal challenge to the government’s policy for preventing another financial crisis: A federal judge tossed out its designation by regulators that its failure would pose a threat to the financial system. MetLife, the largest U.S. insurance company by ...Read More

Fraud, Theft and Money Laundering Totaled $1.1 Trillion in 2013, Says Report

A new report published by Washington, DC-based Global Financial Integrity (GFI), a research and advisory nonprofit, declared that “illicit financial flows” such as money laundering, theft, fraud or embezzlement, have hit a record US $1.1 trillion in 2013. Researched and written by GFI Chief ...Read More
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