The tenor of Ed's show has to do with the way greed has become dominant in the culture of large corporations and banks (like Goldman Sachs). Goldman Sachs does pay its risk-taking employees very large bonuses which then become the incentive to take even more risks. But when Goldman Sachs becomes less profitable, the company immediately lays off workers in order to keep profits up. It is always: Profit over People with Goldman.
See the video here
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". 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