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Fraud*
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

Friday, May 15, 2009

Another Goldman Minion Shady Deal

Editor's note: Is everyone connected to Goldman a scoundrel?

Go-Between Tied Funds to Carlyle
By LESLIE WAYNE

The Carlyle Group, celebrated for its political ties as well as its global investment prowess, was eager to expand in the energy business. David M. Leuschen, a specialist in oil and energy at Goldman Sachs, wanted a partner to help him lure big investors.

...

Several people paid by Mr. Leuschen’s firm have pleaded guilty or been charged in the New York scandal in recent weeks for essentially arranging bribes. Federal securities officials have described the New York payments as part of a “fraudulent scheme to extract kickbacks.”


Read the full story- Click here

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