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
Editor's note: Gee, you'd think with all of this sneaky "don't let the neighbors see" behavior on the part of the Goldman rats it's almost as if they are feeling guilty. Or is it just that they know they've got one hell of a PR nightmare to deal with if Johnny Roastbeef shows up at a GS party in a brand new pink Cadillac? What's the problem? It's in his mother-in-law's name. This is a joke and as far as I'm concerned, GS can party all they want, it's not going to change my feelings. - JDA
Goldman Sachs employees received a voicemail announcement instructing them not to organize private Christmas parties for the firm's employees even at their own homes, a person familiar with the matter said.
The firm has canceled its annual holiday party, just as it did last year. It also instructed the smaller business units that they should not organize their own smaller parties, which had been a long tradition at the firm. The parties are banned even if no firm money goes to pay for them.
