Goldman Sachs Finally Admits it Defrauded Investors During the Financial Crisis
This resolution holds Goldman Sachs accountable for its serious misconduct in falsely assuring investors that securities it sold were backed by sound mortgages, when it knew that they were full of mortgages that were likely to fail
The real story here is that Goldman can no longer get away with paying a fine while admitting to no wrong doing.
Apple and Google’s wage-fixing cartel involved dozens more companies, over one million employees
My libertarian friends keep telling me that in a free market this type of thing simply can not happen. That companies will bid-up the wages of in-demand workers and could never take action to suppress those wages without state involvement. After all, in a free market everything is voluntary.
Those million tech workers must have voluntary agreed to the wage suppression agreement somehow. In some way I just can not see.
Republicans Using Fake Websites To Trick Donors Is Just The Start
It turns out that the political organization has purchased over a dozen domain names of Democratic candidates up for election and set up real-looking-but-fake websites. The worst part of all – besides the blatant deception and malice for the electorate – is that fact that since it has been exposed, the NRCC has stated that they are “very proud of the program” and have promised to expand it.
This is basically fraud. You would think it would be against the law to mislead people and take their money.
For two decades, the U.S. military has been unable to submit to an audit
For two decades, the U.S. military has been unable to submit to an audit, flouting federal law and concealing waste and fraud totaling billions of dollars
So logically, we need to cut food stamps, head start and social security.
The Surprising Truth About Government Fraud
the culprits are usually managers and executives, not “welfare queens.”
Worth a read.
Government report: TSA employee misconduct up 26% in 3 years
the GAO also found 384 ethics and integrity violations, 155 “appearance and hygiene” complaints and 56 cases of theft.
SEC Charges Texas Man With Running Bitcoin-Denominated Ponzi Scheme
The SEC alleges that Shavers promised investors up to 7 percent weekly interest based on BTCST’s Bitcoin market arbitrage activity, which supposedly included selling to individuals who wished to buy Bitcoin “off the radar” in quick fashion or large quantities. In reality, BTCST was a sham and a Ponzi scheme in which Shavers used Bitcoin from new investors to make purported interest payments and cover investor withdrawals on outstanding BTCST investments. Shavers also diverted investors’ Bitcoin for day trading in his account on a Bitcoin currency exchange, and exchanged investors’ Bitcoin for U.S. dollars to pay his personal expenses.
NYT Senate approves ban on Insider Trading by Congress
The only reason to do this on a Friday is to bury the fact that there are no restrictions on insider trading for Congressmen.