Major Swiss banks were positioning themselves last week to survive a U.S. Justice Department criminal probe for sheltering wealthy American tax dodgers. (Translation: Prepare the deferred prosecution agreements.)
Kathleen Furey had an upward career trajectory at the Securities and Exchange Commission (SEC). She started at the SEC's New York office in 2004. In 2005 she got a promotion. In 2006 she got a promotion. Then in 2007, the promotions stopped.
How different are the big Wall Street banks circa 2008 from the loan sharks of the 1970s? Not very. Laura Gottesdiener has written a remarkable book that hits hard against the big Wall Street banks.
Scott London's bad case of tarnished credibility this week started when the partner at accounting giant KPMG was fired after federal prosecutors charg...
For more than a decade, four mortgage insurance companies paid illegal kickbacks to banks as part of a scheme that greatly inflated insurance costs fo...
Ironically, it's many of the same politicians who say they are "tough on crime" that are collecting millions of dollars in campaign money from the biggest crooks in America.
While Attorney General Eric Holder and the media fret about whether to charge banks with crimes and risk harming innocent people, the Attorney General...
You may not have noticed, but companies are paying more in fines. The federal Crime Victims Fund, which collects federal criminal fines from people...
An early litmus test of Barack Obama's willingness to push policies to help the middle class in his second term will be whether or not he gives Treasury Secretary Geithner the sack.
Should the candidates care to consider and debate real solutions, they need not work too hard. The country is full of them -- applied here and there or ready on the shelf.
For the SEC to do its job properly, it needs adequate resources, and for that it needs the support of Congress. To understand why the budgetary issue is so important, and why the SEC deserves more funding, let's look at the trajectory of the Commission since the Madoff scandal.
The health professions would do far more good stopping the drugging of children than continuing or increasing it. Ethical professionals need to work toward removing children from psychiatric drugs.
Very few companies are prosecuted and even fewer are convicted at criminal trials. In 2011 it was only nine companies, or less than 6% of the total.
What happens with Montana's case will affect the entire country, not just Montana. Thus, the citizens of Montana and, indeed, all of us deserve to have the very best legal strategies put forth to win this case.
Sadly but fortunately, there has been enough fraud, insider trading and other white collar crime in the United States over the past few decades to enable the SEC to create templates for major types of crimes and to tag the telltale signs of those crimes.
Lenders, including major credit companies as well as payday lenders, have taken over the traditional role of the street-corner loan shark, charging the poor insanely high rates of interest.
Hopefully the next time a bank commits a crime, the guys who fell asleep at the wheel won't have their defense paid for out of your retirement account. We'll only see improvements in banks when directors are liable.
The Occupy Wall Street movement, like the American people, isn't anti-corporate, it's anti-corporate crime. The real question is: why aren't its critics like Herman Cain against corporate crime?
As the financial storm brewed in the summer of 2008 and institutions feared for their survival, a bit of good news bubbled through large banks and the...
When companies are fined for malfeasance, their shareholders pay the price. The real culprits at the top of these companies rarely need to worry.
Income inequality is actually greater in the United States than it is in Egypt. Poverty and unemployment statistics for U.S. minorities are surprisingly similar to Egypt's.
Rather than providing a platform for presentation of a corporate wish list, Darrell Issa should be subjecting corporate claims to the withering scrutiny he promises for the Obama administration. These claims collapse under examination.
The diversion of federal small business contracts to corporate giants has gone on for over a decade. H.R. 2568 is a deficit neutral and much needed solution to these long standing abuses.
This is a spoiled, petulant and entitled corporation operating in a largely deregulated free market atmosphere. Are we to believe that it's acting responsibly and with the best interests of the Gulf in mind? Not a chance in hell.
These pranks employed the most state-of-the-art PR and marketing tools, were engineered by the most pedigreed pranksters on earth, and impacted the media and public opinion in far-reaching ways while leaving nary a fingerprint.
