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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

Sunday, October 2, 2011

Headlines From Across the Pond...From the BBC...News in the U.S.

  Here are three headlines that were published  Friday and Saturday

Securities and Exchange Commission logo

SEC finds 'apparent failures' at credit rating agencies

The report details a number of failures at the credit rating agencies

The Securities and Exchange Commission (SEC) has discovered "apparent failures" at 10 credit rating agencies.

Bank of America shares fall amid debit card fee anger

Related Stories

Shares in Bank of America have fallen 2%, a day after it announced plans to charge debit card users $5 (£3.20) per month to pay for their purchases.

Occupy Wall Street demonstrators in Zuccotti Park, New YorkOccupy Wall Street protests grow amid Radiohead rumour

The crowds in Zuccotti Park are frustrated at a lack of employment and opportunity in the US
An estimated 2,000 people have gathered in Lower Manhattan, New York, for the largest protest yet under the banner Occupy Wall Street.

Hundreds of Occupy Wall Street protesters arrested

Demonstrator Henry-James Ferry (not pictured): "'The police moved in with orange mesh barricade"

Police arrest Occupy Wall Street protesters on Brooklyn Bridge - 1 October 2011Hundreds arrested in US protest

More than 700 people from the Occupy Wall Street protest movement are arrested as they try to march across New York's Brooklyn Bridge.

Those arrested were part of a larger group crossing the bridge from Manhattan, where they have been camped out near Wall Street for two weeks.
Continue reading the main story and watch video report.


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Like_cattle said...

NYC Police Herd Protesters into Ambush on Brooklyn Bridge

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