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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, April 4, 2013

Another Goldman Sachs Guy Rewarded With Government Appointment

In case you ever wondered whether Obama paid back his obligations to Goldman Sachs for their large monetary contributions to his campaign, then wonder no more.  Goldman Sachs supported Obama to the tune of $1 million and Obama supported Goldman Sachs guy, Bruce Heyman, by selecting him as ambassador to Canada.  Oh, Canada!

Obama picks Goldman Sachs exec for ambassador to Canada
By CBC News

U.S. President Barack Obama has selected a partner at the investment firm of Goldman Sachs in Chicago to be the new U.S. ambassador to Canada, CBC News has learned.

Sources tell CBC News Network's Power & Politics that Bruce Heyman has accepted the job but still has to pass a vetting process in order to be be formally nominated. His confirmation will be up to the U.S. Congress.

Read the full article here


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