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
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property - until their children wake-up homeless on the continent their fathers conquered. " Thomas Jefferson - 1802
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
1 COMMENTS:
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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