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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
Monday, July 13, 2009
Goldman Sachs manipulates the economy
Goldman Sachs admitted that its software manipulates the economy for insider profits.
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1 COMMENTS:
Wouldn't an analogy be to say that Goldman is like a football coach who steals the other teams play calls? Maybe this could help explain to the average Joe what is happening,
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