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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

Thursday, April 15, 2010

Goldman Sachs Links and News - April 15, 2010

Goldman Sachs Real Estate Fund Vaporizes 98% Of Client Capital
By Henry Blodget 
Goldman Sachs Director May Have Passed Insider Info to Galleon ...
By Douglas McIntyre
Goldman Sachs Would Like To Remind Noted Thespian/Former Client Of ...
By Bess Levin 

Goldman Director Gupta to Leave
Wall Street Journal
Legislation would bar taxpayer bailouts of derivatives ponzi ...
By qbit
By Robert Schmidt and Phil Mattingly April 15 (Bloomberg:) -- Goldman Sachs Group Inc

Wall Street tires of penitence and turns on Washington
The Guardian
"You don't know how expensive it is to live in New York," one irate Goldman Sachs executive reportedly told Democrat Senate leader Harry Reid recently. ...

Goldman ties to insider case reveal Wall Street
Rajat Gupta Under Investigation
By Henry Blodget
Goldman Director Examined in Galleon Case, Report Says
New York Times (blog)
Lehman Examiner Sees Grounds for Liquidation Suit
New York Times (blog)
... says that the failed investment bank may have cause to sue Goldman Sachs  

White House Asks Blankfein, Dimon To Halt Bill Fight: Sources Bloomberg


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