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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

Thursday, February 7, 2013

Goldman Sachs and Russia--a Partnership for Profit

Here's another article about Goldman Sachs's consulting agreement with Russia:

Goldman Sachs Shouldn't Work for Russia, Human Rights Group Says
By Christine Harper - Bloomberg

Human Rights Foundation, headed by Chairman Garry Kasparov, demanded that Goldman Sachs Group Inc. end a consulting agreement with the Russian government led by President Vladimir Putin.

“Goldman Sachs’s deal with Putin ranks among the worst examples ever of a company seeking to bolster its profits by laundering the financial reputation of a country led by a corruptly elected despot,” Kasparov, the former chess champion and leader of Russia’s Solidarity opposition group, said in a statement. “By doing business with Putin, Goldman Sachs is acting as an enemy of free enterprise and economic freedom.” 

Read the entire article here
Read the Human Rights Foundation request here


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