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Why Are Appraisers Furious at Fraud by Their Peers While Corporate Lawyers Are Complacent?

William K. Black | Posted 10.12.2013 | Business
William K. Black

I know that the public won't find it strange that elite Wall Street lawyers could not muster a single hero while the appraisers produced tens of thousands. The public does not expect much from Wall Street lawyers.

Literal Truth and Claims of Fraud

Brad Reid | Posted 08.01.2013 | Business
Brad Reid

There is strong judicial support for freedom of contract and judicial reluctance to rewrite transactions, especially when no literal falsehood occurred. Assertions of implied falsehood are weaker than proof of an affirmatively stated falsehood.

America Faces an Ethics Crisis

Gary Shapiro | Posted 09.23.2013 | Politics
Gary Shapiro

Until and unless we confront the ethics behind these legal travesties, we will increasingly hurt our nation. While millions of hard-working, creative Americans, both in and out of government, are sustaining us, the parasites are destroying us.

Has the Mainstream Media Unwittingly Helped the Government Cheat Small Businesses?

Lloyd Chapman | Posted 09.22.2013 | Small Business
Lloyd Chapman

I think the mainstream media has unwittingly helped the government cheat American small businesses out of over two trillion dollars in federal contracts over the last decade.

Why My Company Sued The Republic of Mozambique

Alan W. Silberberg | Posted 09.14.2013 | Business
Alan W. Silberberg

"You sued a country?" Says mostly everybody to me now. Indeed, we are the plaintiff in a Federal Lawsuit against the Republic of Mozambique for fra...

Got Science? Pushing Back Against Corporate 'Counterfeit Science'

Seth Shulman | Posted 09.11.2013 | Science
Seth Shulman

There's more to corporate counterfeit science than ghostwritten articles, however. Consider the eye-opening case of the agribusiness firm Syngenta and its product atrazine, a widely used agricultural pesticide on corn, sorghum, and sugar cane crops.

Small Business Administration Cheats Small Businesses Again

Lloyd Chapman | Posted 09.07.2013 | Small Business
Lloyd Chapman

One good investigative journalist could end this 10-year-old federal contracting scandal and stop the government from cheating America's 28 million small businesses out of over $200 billion a year. Just one. Where are you?

Vatican Official Arrested In Alleged Corruption Plot

AP | NICOLE WINFIELD | Posted 08.27.2013 | Religion

VATICAN CITY — The plot involved an armed police escort, a wealthy shipping family and a plan to secretly transport $26 million (20 million euro...

How to Spot and Prevent Senior Financial Fraud

Jim T. Miller | Posted 08.17.2013 | Fifty
Jim T. Miller

Spotting a scam or a con artist is not always easy to do. They range from shady financial advisers to slick-talking telemarketers to professional caregivers and relatives who steal from the very people they're supposed to be looking after.

You Can Handle the Truth

Mark Olmsted | Posted 08.12.2013 | Books
Mark Olmsted

Remember when Lucy lost that bet and had to tell the truth for a day? She told Ethel her true hair color was mousy brown, her real age was 33 and admitted she'd described Carolyn Appleby's new furniture as a nightmare you had after eating Chinese food.

What Post 50s Are Tired Of Hearing Politicians Say

A. Barry Rand | Posted 08.13.2013 | Fifty
A. Barry Rand

Americans are tired of hearing politicians say that the only way to strengthen Medicare is to cut benefits and make older people and future retirees pay more. And, they overwhelmingly oppose a current proposal to cut Social Security as part of a deal to reduce the deficit. There's a better way.

Should the Federal Government Be Giving Small Business Contracts to Fortune 500 Firms?

Lloyd Chapman | Posted 07.23.2013 | Small Business
Lloyd Chapman

Ever since the economy took a nosedive in 2008, I have watched with total amazement as presidents, Congress, economists and the mainstream media have totally and completely ignored the single most important factor in the U.S. economy: Small businesses create virtually 100 percent of the net new jobs in America.

Bowlers for Bankers? Don't Import Failed UK Governance Cliches

Jeffrey Sonnenfeld | Posted 07.14.2013 | Business
Jeffrey Sonnenfeld

JP Morgan's Jamie Dimon is just the lastest to be ensnarled by the annual "separate the roles" campaign -- independent of lack of evidence these arrangements improve governance.

Obama Officials Announce Big Busts In Medicare Fraud Crackdown

AP | KELLI KENNEDY and PETE YOST | Posted 05.14.2013 | Politics

WASHINGTON -- Nearly 100 people, including 14 doctors and nurses, were charged for their roles in separate Medicare scams that collectively billed the...

Big Pharma CEOs Rake in $1.57 Billion in Pay

Ethan Rome | Posted 07.08.2013 | Business
Ethan Rome

For people who were blown away to learn recently that the 11 largest global pharmaceutical companies made an astonishing $711 billion in profits over the last decade, here's another measure of the industry's greed.

8 Simple Steps To Guard Against Identity Theft When You Travel

Jim T. Miller | Posted 07.05.2013 | Fifty
Jim T. Miller

Most people don't realize that when you travel, your risk of identity theft increases. Here are a few simple steps you can take to protect yourself while you're away.

Should You 'Freeze' Your Credit Reports?

Jason Alderman | Posted 07.01.2013 | Business
Jason Alderman

Before you go to the trouble and expense of doing a credit freeze, you should understand how the process works and be aware of several inconveniences you might experience.

What If George Akerlof Had Written About Lethal 'Lemons'?

William K. Black | Posted 06.29.2013 | Business
William K. Black

If you have studied economics at the university level in the last 35 years, it is likely you were introduced to the concept of "asymmetrical information" and George Akerlof's famous 1970 article on markets for "lemons."

Who Owns Haiti's Future?

Georgianne Nienaber | Posted 06.26.2013 | Impact
Georgianne Nienaber

Three years and $6 billon later, we remain with the same questions and a very troubling report about USAID from CEPR. The big question remains. Who is capable of charting the way forward for Haiti?

Where Is the Scrutiny of Crop Insurance Fraud?

Donald Carr | Posted 06.22.2013 | Politics
Donald Carr

Minnesota Congressman Colin Peterson (D-Minn.) struck a nerve this month when he said that "there is five times as much fraud" in the federal crop insurance program as there is the Supplemental Nutritional Assistance Program.

Education and Enron: Celebrity, Cash and Character

Terry Newell | Posted 06.22.2013 | Impact
Terry Newell

In schools, as at Enron, the way we select and assess top leaders and accord them recognition needs examination as well. When leaders' desire for celebrity trumps the importance of character, look for trouble.

NY Area Doctor Admits Record $19 Million Fraud

AP | Posted 04.10.2013 | Crime

NEWARK, N.J. -- A cardiologist with offices in New York and New Jersey has admitted taking part in a scheme that subjected thousands of patients to un...

Employment-Related Identity Theft Gets Harder

Russ Warner | Posted 06.05.2013 | Technology
Russ Warner

The Social Security Administration (SSA) has now added a new tool on their web site for tax-payers to detect employment-related identity theft. Your online account, known as "my Social Security," can give you access to your yearly earnings statement, among other things.

Fiduciary Duty to Cheat? Famed Short Seller Jim Chanos Reveals the Perverse New Mindset of Financial Fraudsters

Lynn Parramore | Posted 06.03.2013 | Business
Lynn Parramore

I caught up with Chanos in his New York office to ask what's driving the current era of rampant fraud, who is to blame, what can be done, and the ways in which fraud costs us financially and socially.

Why Are There So Many Veteran Charity Scams?

Lisa Cypers Kamen, MA | Posted 05.21.2013 | Impact
Lisa Cypers Kamen, MA

Nearly half of the 39 veterans charities that the American Institute of Philanthropy rated in April/May 2011 were given big fat Fs. Why did they fail? In most cases, the money backed fundraising campaigns and executives, not veterans.