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Financial Scandal

The New Pope Is A Mensch

Jon M. Sweeney | Posted 05.14.2013 | Religion
Jon M. Sweeney

It feels once again that a pope is about to let fresh air run through every aspect of the Church. He may transform its grinding politics, financial imbroglios and leadership vacuum. He has the ability to deal directly with the serious sins of the recent past and clean house. Let the wind blow!

Feds Subpoena Bank Of America Over Libor Scandal

BloombergBusinessweek | Hugh Son | Posted 08.02.2012 | Business

Bank of America Corp. (BAC), the second- biggest U.S. lender, received formal inquiries from investigators pressing their probe into the possible rigg...

Before Scandal, Ex-Goldman Sachs Director Was Role Model For Middle-Class India

Posted 12.30.2011 | Business

NEW Delhi (Annie Bannerjee) -- Before Indra Nooyi became CEO of PepsiCo Inc or Vikram Pandit took the reins at Citigroup Inc there was Rajat Gupta, t...

Morality Poll: Who's Worse?

Posted 08.22.2011 | Religion

By Lauren Markoe Religion News Service WASHINGTON (RNS) Americans are tougher on politicians for their financial misdeeds than their sexual ones, ...

CEO Overboard

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Presumably, there was a glory to betting big and being right. The highs from winning more than trumped considerations of fair play. Of course, there was one problem. They got caught.

The Death of Insider Trading

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Andy Kessler suggests that it's impossible for investors to get a short-term trading edge. It's better to make long-term investments based on big-picture trends.

Oh Goldman: A Song for Your Bonus Babies

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

In the middle of the bath / In the middle of the bath I call your name / Oh Goldman, oh Goldmamn, my love will turn on you / My love will turn on you

The $21.2 Billion Halloween Mask

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

The season makes me wonder: What does it take to become a Halloween mask?

Madoff: 150 Years Are Just the Start

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

If the system is broken, can Madoff victims expect just solutions? And since when do umpires share in the spoils of victory?

The Madoff Twelve

Norb Vonnegut | Posted 05.25.2011 | Home
Norb Vonnegut

Ira Sorkin, defense attorney for Bernard Madoff, requested his client's sentence be limited to twelve years. He cited Madoff's age and thirteen-year l...

What Would Grove Do?

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Grove manages about $2 billion in total assets for wealthy families. He's seen it all inside his investment bank. He'll be joining Acrimoney for a new guest series: What Would Grove Do?

Madoff Leftovers

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Madoff victims don't need a cook. They need Solomon to sort through these complicated issues of law and fairness.

WMD: Weapons of Money Destruction

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Get-rich-quick schemes are the new WMD.

Top Ten Ways to Spot Financial Fraud

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Madoff's sense of order was legendary. He probably arrived at the office early just to run the vacuum cleaner. Other cons are similarly fastidious.

Honey, I Shrunk the Kids' Allowance

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Madoff's preferential treatment of some investors, however, is a big deal. It's a likely blueprint, I think, of the trustee's legal tactics.

Financial Fraud: Neighborhood Watch

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Most of the Ponzi schemes originate in the United States. It's embarrassing.

Ponzi 401(k)

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Nothing like retirement in the big house.

The $20 Million Ponzi Stimulus Package

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Twenty million dollars is enough to cover the cost of 10 lawyers for more than 18 months.

Raiders of the Rubber Chicken Circuit

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

We find similarities every time a new Ponzi scheme is uncovered. I would suggest another example of recurring behavior: Philanthropy.

A Miami State of Mind: My Brain on Spring Break

Betsy Perry | Posted 05.25.2011 | Style
Betsy Perry

Bernie Madoff should feel guilt. AIG should feel guilt and so should Chris Cox and Dick Fuld and all those other bandits. But should I feel guilty for being on vacation?

What Madoff Teaches Us about the Road to Corruption

Charles H. Green | Posted 05.25.2011 | Business
Charles H. Green

Q. What do Mark Twain, Clint Eastwood and Bernie Madoff have in common? A. They all tell tales of the path from mistrust to corruption.