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According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage".[1] In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia

Wednesday, April 22, 2009

A Goldman Sachs Conspiracy View from Martin Armstrong

Editor's Note: Here is a link to a paper written by Martin Armstrong. As a bit of disclosure, here is what Wikipedia has opens with about Mr. Armstrong . . . Martin Armstrong is the former chairman of Princeton Economics International Ltd. Indicted in 1999 on bogus charges of bilking Japanese investors, he spent seven years jailed for contempt of court before finally pleading guilty in 2007, and he is now serving a five-year sentence for conspiracy to commit fraud.

Here is a link to his paper - Click Here


Matthias E said...

Thanks for this post! Trying to find out the background on Martin Armstrong lead me to this article about his trial:

Apparently, he has been been held in prison withou a trial for 7 years (on charges of contempt of court). This is incredible!
No matter if he actually committed the alleged fraud (which we dont know, since there was never a public trial), beeing held in prison for 7 years without a trial ought to impossible in a country under the rule of law.

Most interestingly as to the topic of this blog here is this: "Alan M. Cohen, then a lawyer at O’Melveny & Myers and now executive vice president and global head of compliance at Goldman Sachs, is the court-appointed receiver." That means the person (i.e. the receiver) who accused Mr.Armstrong of withholding stolen assets and thus gave the reason to hold Armstrong in prison for contempt of court was a Goldman Alumni too. Just incredible.

Matthias E said...


if you know more about the case of Martin Armstrong, could you maybe do a post about this?


Anonymous said...

Please go here:

Cheap Viagra said...

Once ago I met Martin Armstrong.
He is a very interesting and hardworking guy.
Actually, I think being the way he is would be so cool!
Greatly done!

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