GoldmanSachs666 Message Board

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

Monday, March 7, 2011

Ex-Goldman Sachs Board Member Charged With Insider Trading

Once again, thanks to a loyal reader, SeanZ, this link appears here.  We encourage our readers to email us stories and links like the one to follow, however, we also ask that instead of emailing us, volunteer to post your findings.  We are all volunteers.  We can only do so much, read so much and post so much.  More eyes and "fingers" are needed to maintain this effort and continue the exposure of all the corruption and criminal activity that exists on Wall Street.  This effort will someday bring down these fortresses of corruption and return our country, economy and democracy to us.

To me.  See also where you can express your views and post your finds relating to our government at large.  Talk about The Fed, Congress, The Administration.  Be Pro or Con.  Let's see and hear some truths to awaken a sleeping public.


Another Sign the Market Is Rigged? Ex-Goldman Board Member Charged With Insider Trading

Posted Mar 02, 2011 12:02pm EST by Henry Blodget

Yesterday, the SEC charged a former board member of Goldman Sachs, Rajat Gupta, with insider trading.

Gupta allegedly passed confidential information about Goldman and Procter & Gamble, where Gupta was also a board-member, to a hedge-fund friend named Raj Rajaratnam. Rajaratnam, who has already been charged with insider trading, then allegedly traded on this information.

Gupta's lawyer has dismissed the charges as "baseless," but after reading the SEC's complaint against Rajat Gupta , we can't imagine any possible explanation for what occurred other than the one the SEC has laid out.

Read more and watch the video news report (we cannot imbed) here
Is the game rigged?  I believe it is.  Is there corruption at Goldman and many other Wall Street firems?  I believe so.  Is there corruption at other major corporations that work hand in hand with Wall Street?  I believe so.  Does our government do enough to expose these wrongs?  No!  Is the government interested in correcting these problems?  No!  Are we in control of our government?  No!

What do you think?


Anonymous said...

Back in the saddle seems everyone has to be replaced to rid the cronyism

Goldman's Pariah Status Fades as Broadbent Joins BOE MPC

The Bank of England’s appointment of Goldman Sachs Group Inc. (GS) Senior European Economist Ben Broadbent to its Monetary Policy Committee shows governments are again looking to the firm for top decision makers, less than a year after it settled U.S. fraud claims.

Broadbent, who has worked at Goldman Sachs since 2000, will replace Andrew Sentance at the end of May, the Treasury in London said yesterday. He joins a panel that has split four ways on policy for the first time since the central bank’s independence in 1997.

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