Filed in archive
corporate crime
by leon on March 18, 2010
The Prince of Ponzi Bernie Madoff has been beaten in prison, reports The Wall Street Journal.According to the WSJ, Madoff was subsequently treated for a broken nose, fractured ribs and cuts to his ...
Filed in archive
corporate crime
by leon on March 16, 2010
Jeff Skilling, Ken Lay and Conrad Black - all corporate psychopaths who felt absolutely no remorse or twinge of guilt about their crimes. Indeed, none of them ever admitted any wrong doing and said...
Filed in archive
corporate crime
by leon on March 9, 2010
The poster boy of corporate crime, former Enron chief executive Jeff Skilling, is seeking a retrial. A lot is hanging off this case. If Skilling walks free, it means that we shouldn't expect an...
Filed in archive
corporate crime
by leon on March 5, 2010
I have done numerous blog entries like the one here on how British defense contractor BAE Systems got out of jail following allegations of bribing the Saudi Arabian government. Or other entries, li...
Filed in archive
corporate crime
by leon on February 26, 2010
Bernard Madoff is behind bars but his legacy continues. A crime of that size is not going to sink without trace.First we have news that his director of operations Daniel Bonventre has been arrested...
Filed in archive
corporate crime
by leon on January 16, 2010
There are bribes, there's corruption and there's undue influence. Are lobbying and bribery substitutes for each other? What direction do different companies take? Is there a trade off betwe...
Filed in archive
corporate crime
by leon on December 31, 2009
It's a sign of the times and a battered economy. Associated Press reports that failed Ponzi schemes quadrupled in 2009. Starting off with Bernard Madoff's $55 billion scam, $7 billion bogus...
Filed in archive
corporate crime
by leon on December 25, 2009
Yesterday, I did a blog entry speculating whether fraud king Bernard Madoff's transfer from his cell to prison hospital was related to previous news reports that he had cancer.Now we reports th...
Filed in archive
corporate crime
by leon on December 24, 2009
It wasn't that long ago that the New York Post came out with the report that Ponzi scheme-meister Bernard Madoff was dying of cancer. The Bureau of Prisons issued a statement denying that Madof...
Filed in archive
corporate crime
by leon on December 20, 2009
Two months ago, I did a blog entry looking at how carbon trading regimes were easy targets for organized crime. That's inevitable because the rules are still being set. Carbon trading markets a...
Filed in archive
corporate crime
by leon on December 15, 2009
The world's financial markets have been so badly hit. So who's got the cash? Drug czars. It's not surprising to read this report in the Observer alleging that the drug industry had the ...
Filed in archive
corporate crime
by leon on December 12, 2009
One year after his arrest, it seems that Bernard Madoff has got himself a nice little gig in jail. The Wall Street Journal reports that Madoff who has been behind bars now for more than five month...
Filed in archive
corporate crime
by leon on December 5, 2009
Last weekend, I did a blog entry looking at how Italian prime minister Silvio Berlusconi vowed to strangle writers who write books or who make films about the mafia. Apparently that was bad for It...
Filed in archive
corporate crime
by leon on November 8, 2009
The biggest prosecution of hedge fund insider trading went into overdrive this week with 20 people, including Galleon Group LLC co-founder Raj Rajaratnam, getting hauled up on criminal charges. Bl...
Filed in archive
corporate crime
by leon on November 1, 2009
Even after he is locked up for the rest of what's left of his life, Bernard Madoff continues to rub salt in the wounds. According to a jailhouse interview, published in The Wall Street Journal, Ma...
Filed in archive
corporate crime
by leon on October 29, 2009
It was just a matter of time. The US Food and Drug Administration has published a list of fraudulent swine flu products purporting to clean up the disease now popping up on websites.Read through i...
Filed in archive
corporate crime
by leon on October 21, 2009
Charging Wall Street hedge fund boss Raj Rajaratnam with insider trading is just the beginning. Bloomberg reports that US investigators plan to charge another 10 securities professionals with insi...
Filed in archive
corporate crime
by leon on October 14, 2009
Wall Street swindler Bernard Madoff might be moving his way up the prison hierarchy with the New York Post reporting that he got into a prison yard fight with a fellow inmate, and won! The fight w...
Filed in archive
corporate crime
by leon on September 21, 2009
Bank of America's acquisition of Merrill Lynch was already stinking to high heaven with the Bank of America being forced to pay $33 million to the Securities and Exchange Commission for misleadi...
Filed in archive
corporate crime
by leon on September 18, 2009
We are in a cyber crime pandemic and it's getting worse with US federal authorities telling the Senate Homeland Security and Governmental Affairs committee this week that the crooks are now turn...
Filed in archive
corporate crime
by leon on September 7, 2009
Over the weekend, I did a blog entry looking at whether Bernard Madoff's victims could sue the Securities and Exchange Commission for its negligence.Certainly, Madoff himself expressed surprised...
Filed in archive
corporate crime
by leon on September 7, 2009
Last year, British arms maker was embroiled in a scandal over alleged bribes to the Saudi Arabian government. As I pointed out here, the uproar broke out after Britain's Serious Fraud Office dro...
Filed in archive
corporate crime
by leon on September 3, 2009
Hat tip to the TPM Muckraker blog.Bernard Madoff, now spending the rest of his life in jail, was actually a contender to be chairman of the Securities and Exchange Commission. That's the revelat...
Filed in archive
corporate crime
by leon on August 29, 2009
Of all the ridiculous sentences handed down, this one has to be the worst. UBS private banker Bradley Birkenfeld was this week sentenced to three years four months for conspiring to defraud the US b...
Filed in archive
corporate crime
by leon on August 20, 2009
It's business as usual for the mercenary army of Blackwater, these days known as Xe Services.The New York Times reports that the CIA recruited Blackwater to kill Al Qaeda operatives. Let's l...
Filed in archive
corporate crime
by leon on August 14, 2009
Remember Harry Markopolos? He was the whistleblower who alerted the Securities and Exchange Commission to Bernard Madoff's scam. The guy who was ignored by the SEC until it was too late.Now, the...
Filed in archive
corporate crime
by leon on August 12, 2009
Full attention has now been placed on Bernard Madoff's right hand man Frank DiPascali who has pleaded guilty to conspiracy and other charges and has, according to the New York Times, admitted to...
Filed in archive
corporate crime
by leon on August 11, 2009
You have to hand it to Conrad Black. Two years after he sentenced to six-plus years in the slammer for fraud, he has still been seeking bail pending an appeal. If anyone told he had a snowflake'...
Filed in archive
corporate crime
by leon on August 9, 2009
The big accounting fraud news this week was the Security and Exchange Commission announcing that conglomerate GE had cooked the books, boosting its earnings by $785 million and its revenues by $370 ...
Filed in archive
corporate crime
by leon on July 27, 2009
So this mayor, rabbi and real estate developer walk into this New Jersey diner...Friday's extraordinary story about criminal charges placed on 44 people in New Jew Jersey, including three New Jer...
