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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

Saturday, August 18, 2012

The Chain of Being for Goldman Sachs

Goldman Sachs knows all about the effects of Conflicts of Interest in its every-day world of finance.  They are endemic on Wall Street.  Here are links in a chain of conflict connecting AG Eric Holder to Blankfein's former attorney, Reid Weingarten, to Holder's former law firm whose client had been Goldman, to MF Global's Jon Corzine (formerly of Goldman) as bundler for Obama, to Goldman's campaign contributions to Obama.  These links are not necessarily in chronological order.

But that is the Chain of Being that Goldman understands, builds on and thrives by.  Yes, Goldman knows all about conflicts!

Attorney for Goldman Sachs CEO is Eric Holder's 'Best Friend'
By Wynton Hall - Breitbart

Last week, the Justice Department announced that it will not prosecute Goldman Sachs or any of its employees in a financial probe.

Could that be because the attorney for Goldman Sachs CEO Lloyd Blankfein was none other than Attorney General Eric Holder’s “best friend” and former personal attorney, Reid Weingarten?
Or because in 2008, Goldman Sachs employees donated  $1,013,091 to Barack Obama?

Or because Goldman Sachs is the former client of Eric Holder’s and Assistant Attorney General Lanny Breuer’s law firm, Covington & Burling?

The conflicts of interest and cronyism at Holder’s Department of Justice are so many that it took a 27-page report by the Government Accountability Institute to catalog them all.
Read the full article here


Suze Wins said...

Too bad citizens who've been used and abused by GS can't sue for damages.

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