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Wall Street Fraud

Wall Street's Fraud of the Week Club

Richard (RJ) Eskow | Posted 04.14.2017 | Politics
Richard (RJ) Eskow

No matter how hard some politicians and press try to persuade us otherwise, the evidence shows that the banking community is rife with unpunished fraudsters. Its political influence, however, apparently remains undiminished.

New Report Reveals How Wall Street Impoverishes Los Angeles

Les Leopold | Posted 05.25.2014 | Politics
Les Leopold

None of this will come easy. But this report lights the way. It should be repeated in city after city, in state after state, so that everyone can see just how Wall Street is impoverishing the richest country on Earth.

'Green Shoots': The Year in Wall Street Reform

Richard (RJ) Eskow | Posted 02.21.2014 | Politics
Richard (RJ) Eskow

Local politicians are taking on the big banks. Candidates for major office are adopting populist themes. But it starts at the bottom, not the top, with activists who engage with and crystallize the public's desire for justice.

Feds Weighing New Strategy To Crack Down On Wall Street

Reuters | Emily Flitter | Posted 09.16.2013 | Business

By Emily Flitter NEW YORK, July 17 (Reuters) - U.S. federal prosecutors are considering a new strategy for criminally charging Wall St...

'Moral Moral Hazard,' the SEC and the Restoration of Wall Street Values

Michael A. Santoro | Posted 09.01.2013 | Business
Michael A. Santoro

A big reason behind the continuing mentality of denial with respect to questions of ethics on Wall Street is quite simply that Wall Street has been able to buy off any finding of culpability.

WATCH: 'Frontline' Producer Previews Wall Street Fraud Investigation

HuffPost Live | John Stephens | Posted 01.22.2013 | HuffPost Live 321

Martin Smith, producer of the new PBS Frontline episode, "The Untouchables," joined HuffPost Live Tuesday to discuss his investigation into the lack o...

Finally, One Tiny Financial Crisis Arrest

The Huffington Post | Mark Gongloff | Posted 09.27.2012 | Business

Thing One: Scapegoat Snagged: It appears we may have at long last found a patsy for the financial crisis. Kareem Serageldin, former head of structu...

Marcus Baram

Wall Street's All-Star Legal Team Prepares For Battle With Federal Task Force | Marcus Baram | Posted 02.09.2012 | Business

If you work on Wall Street and you observe some illegal shenanigans, make sure you call up the right Financial Fraud Enforcement Task Force. Over t...

Judicial Duplicity: It's Worth Protesting

Michael Santos | Posted 12.24.2011 | Crime
Michael Santos

Citibank admitted to selling mortgage bonds under fraudulent pretenses, but the government goes easy on the mighty banks of Wall Street.

JPMorgan To Settle With SEC For $153.6M Over Misleading Investors

Posted 08.21.2011 | Business

WASHINGTON/NEW YORK (Sarah N. Lynch and Jonathan Stempel) - JPMorgan Chase & Co said it agreed to pay $153.6 million to settle U.S. Securities and Exc...

Crime in Decline? Not Necessarily

David O. Friedrichs | Posted 08.16.2011 | Business
David O. Friedrichs

We have experienced recent major waves of white-collar crime, and have reason to believe that such crime -- with many devastating consequences -- may well be on the rise.

Suck on This

Jonathan Weiler | Posted 06.05.2011 | Politics
Jonathan Weiler

Here are some notes from a nation in which the wealthy and powerful increasingly act with near impunity and the lesser off just have to "suck on this" -- in the immortal and unwittingly apt phrase of one of our elite pundits.

Foreclosure-Gate Fallout: How Bad Can It Get For Wall Street?

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

JPMorgan Chase loves using its research department to push its agenda that puts them in the optimist camp. But take a look at their methodology. The scope of losses gets drastically larger if you change a few arbitrary assumptions.

Insider Trading: Frequent Flyers, Potatoes and Macy's

Bill Singer | Posted 05.25.2011 | Business
Bill Singer

On March 25, 2010, published a detailed analysis of Securities and Exchange Commission v. Igor Poteroba, Aleksey Koval and Alexand...

Handcuffs for Wall Street, Not Happy-Talk

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

When you steal a lot of money, you go to jail. Obama doesn't just need tough talk for Wall Street, he needs to prosecute the frauds that were committed, and explain them to the American people.

Citibank: Will Anyone Hold Rubin and Prince Accountable?

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

When bankers think they can get away with rampant fraud and get paid very well to do it, they'll do it. Robert Rubin's best defense is that he really isn't all that bright -- he's either an idiot or a criminal.

Foreclosure Mills: Wall Street's Latest Fraud Scheme

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Banks broke the law and hired other people to break the law for them, scoring big profits without being punished. Is it any wonder that they're still at it?

Wall Street Is Laundering Drug Money And Getting Away With It

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Wachovia Bank is accused of laundering $380 billion in Mexican drug cartel money, and is expected to emerge with a slap on the wrist thanks to a government policy which protects megabanks from criminal charges.

Weekly Audit: How Deregulation Fueled Goldman Sachs' Scam

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

by Zach Carter, Media Consortium blogger Last week, the Securities and Exchange Commission filed fraud charges against Goldman Sachs and underscored w...

Goldman Sachs Fraud Charges Just The Beginning For Wall Street

New York Times | LOUISE STORY and GRETCHEN MORGENSON | Posted 05.25.2011 | Business

or Goldman Sachs, it was a relatively small transaction. But for the bank -- and the rest of Wall Street -- the stakes couldn't be higher. Accusation...

Shahien Nasiripour

Goldman Sachs Fraud Charges Could Be Just The Beginning, Say Analysts | Shahien Nasiripour | Posted 05.25.2011 | Business

Securities fraud charges against Goldman Sachs are just the beginning as federal regulators and investigators comb through the wreckage of a fraud-ind...

In-House Fraud Surging During The Recession

Financial Times | Robert Cookson | Posted 05.25.2011 | Business

Fraud committed against companies by their own employees has surged this year, new data suggest, providing fresh evidence that the recession is fuelli...

Securities Firms Cheated Customers, Settle With SEC

New York Times | DIANA B. HENRIQUES | Posted 05.25.2011 | Business

More than a dozen Wall Street trading firms systematically cheated their customers of millions of dollars by improperly slicing bits of profit from co...

Arrested Money Managers Stephen Walsh, Paul Greenwood Lived High On The Hog

New York Times | ZACHERY KOUWE | Posted 05.25.2011 | Business

For two decades, Paul Greenwood and Stephen Walsh looked like Wall Street wizards. Their supposed investment prowess lured hundreds of millions of ...

How To Escape Capture After Committing Financial Fraud

Dealbreaker | Posted 05.25.2011 | Business

Disappointed by the alarming dearth of intelligence in the modern criminal mind, and with the eventual goal of providing more interesting and alluring...