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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

Monday, May 11, 2009

Breaking News: Goldman reaches settlement

Breaking news from The Associated Press

Massachusetts AG in $60 million deal with Goldman

The Massachusetts attorney general has reached a $60 million settlement with investment banker Goldman Sachs for its role in the state's subprime lending problem.

Read the full article - Click Here

Editor's note: One down- 49 states to go?


Anonymous said...

Friday the 13th is infamous as the date when the powerful and well dispursed Knights Templar were slaughtered in their sleep for the good of mankind...what will be Goldman's date???

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