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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

Saturday, September 12, 2009

Goldman Sachs Partners Sure Know How to Party

Wasn't this sort of behavior outlawed by Lord Blankfein??


File this one under unneighborly conduct. Goldman Sachs Group Inc. (GS) partner and managing director Richard Kimball Jr. has been throwing his share of loud parties at his Southampton, N.Y., rental this summer, and it hasn't exactly pleased his neighbors.

"There's loud music blasted out until the early hours, loud screaming and shouting and taxis coming in and out at all hours," one neighbor told the New York Post. "Another neighbor went round to get them to turn it down, and she came back saying there were a lot of topless girls around the pool with just two or three guys."

Read the rest of the article here


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