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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

Wednesday, June 12, 2013

Goldman Sachs is a Tough Taskmaster

When Goldman Sachs is found guilty of fraud, no one has to admit to wrongdoing.  But when Goldman Sachs feels wronged, admission of guilt becomes a priority.

Former Goldman Sachs Programmer Back to Court
By DSWright - Firedoglake
. . . .
So a penalty of… nothing? Just a guilty plea despite a federal appellate court siding with Aleynikov? What is the point? Is this an attack on Mr. Aleynikov for offending the executives of Goldman Sachs with his legal transgression or something more devious? Is Assisant DA Li seeking to curry favor with the financial services industry on the back of Aleynikov to forward her career?

These questions remain unanswered for now as Aleynikov has plead not guilty and cited Double Jeopardy as a defense – being tried for the same crime twice. Apparently the rich not only get to walk free from justice but their enemies get maliciously prosecuted, twice.

Read the rest of the article here


laserDliquidator said...

We have the great American system of [In]justice

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