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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

Thursday, October 8, 2009

Goldman Sachs gets gift from government

From Business Insider:

Goldman Sachs Congressional Earmark: Bank Subsidiary Gets $3 Million

With all the company's riches, why is a Goldman Sachs (GS) subsidiary getting a $3 million earmark from Washington?

Politico: A mining company owned by Goldman Sachs and two private equity funds is in line to get a $3 million earmark for work at a rare earth elements mine in Mountain Pass, Calif. — raising questions as to why Congress would take on some of the risk for a bailed-out investment giant that’s already making a profit.



Gee, you don't think it was another kickback do you? Hahahaha, criminals are soooooo funny. That's just a tip on the 24 trillion dollar bar tab.

Read the rest here
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Posted by RobertM

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