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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, July 15, 2010

..Goldman Sachs Links and News - July 15, 2010

SEC: Goldman Sachs to pay record $550 million and reform practices to settle subprime mortgage fraud charges.

BP: No oil flowing into Gulf of Mexico for first time in months as part of test of ruptured well. Watch live on

Senate gives final OK to bill meant to limit big banks, protect consumers and prevent future financial crises.

Goldman Sachs On How To Navigate The Slowdown | zero hedge
By Tyler Durden
Goldman, SEC Hold Catch-All Settlement Talks
Wall Street Journal
Good a$ goldman
New York Post
Goldman Sachs May Be Seeking a Broad SEC Settlement
Threadneedle Appoints Goldman's Cielinski to Head Fixed Income


Anonymous said...

No matter how you look at it...they still got off easy....and the reason? It was an...


From Academy Award® nominated filmmaker, Charles Ferguson, comes INSIDE JOB, the first film to expose the shocking truth behind the economic crisis of 2008. The global financial meltdown, at a cost of over $20 trillion, resulted in millions of people losing their homes and jobs. Through extensive research and interviews with major financial insiders, politicians and journalists, INSIDE JOB traces the rise of a rogue industry and unveils the corrosive relationships which have corrupted politics, regulation and academia.

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