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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, July 10, 2009

Goldman's own FBI

Editors note: Amazing how fast the FBI moves when it's Goldman Sachs calling.

1 COMMENTS:

Anonymous said...

Looks like Barry Ritholtz's Big Picture Blog , and Zero Hedge blog , are both implying that GS is "stealing" money by front-running clients and/or taxing them for using their algorithm progrmams

what are your thoughts ???

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