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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

Friday, December 25, 2009

Financial Times Names Goldman Sachs CEO Lloyd Blankfein "Person of the Year"

Editor's note: Hell, Ben Bernanke got it from Time, why not Lloyd Blankfein from FT? Ugh. This makes me ill. - JDA

When Skeptical CPA first sent me this, I thought it was just a really late April Fool's joke. The Onion? Something?

Nope. It's totally real.


The Financial Times has chosen Lloyd C. Blankfein as its person of the year. Mr. Blankfein, the Goldman Sachs chief, has become the public face of Wall Street during its most testing period since the 1930s, the newspaper said, and Mr. Blankfein’s position and his personality were the basis of his selection.

Read the rest at Jr Deputy Accountant. And Merry Christmas. I guess.


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