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Fraud*
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, September 15, 2012

Goldman Sachs's Profile on OpenSecrets.org

OpenSecrets.org has compiled the profiles of 20,000 organizations that lobby, pay into campaigns and generally influence how government is run.

When you search for Goldman Sachs's profile, you will see it described as a Heavy Hitter.  When you link to Heavy Hitter, you will see a short introduction of Goldman and other information such as the total contributions to candidates and PACs which amount to $6,389,323.  The candidaters who received payments are listed.

Goldman's lobbying totaled $2,080,000 for 2012.  On that page also we learn that, through the Revolving Door, 44 out of 49 Goldman "lobbyists in 2012 have previously held government jobs."  The members of the government who hold Goldman shares are listed by name and party.

There are a number of charts that clarify issues such as the one below:

Lobbying Totals, 1998-2012



















You can easily see how lobbying skyrocketed in 2006 and beyond.  There is a lot more information like this on the site.

Please visit OpenSecrets.org to see more about Goldman Sachs's profile there.

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Posted by Joyce

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