As
with Madoff’s Ponzi scheme and all the many other financial scams in
human history, it takes criminal directors as well as willing
followers(clients), aiders and abetters in order for crimes to be
perpetrated.
Frontline goes inside the hunt that uncovered vast insider trading (again) on Wall Street.Here is a direct video link.
It is important to understand that while Cohen’s SAC is one of the
largest players caught cheating this round, SAC’s tactics and practices
are widely common. See:
US Attorney General Preet Bharara: Insider Trading Is “Rampant” On Wall Street.
For those who do manage savings for clients in a legal and honest
manner, one of the things that is so hard to stomach in all of this, is
not just that the culprits are unjustly enriched often making themselves
billionaires from illegal activities, but also they typically receive
wide public adoration, esteem, media coverage and privilege based on
their alleged investment “brilliance”. They are then offered a host of
plum positions on boards and advisory roles for foundations, companies
and governments. And when they are finally revealed as frauds, many
simply write some cheques for fines while keeping the bulk of their
illegal proceeds even while their clients lose everything. In finance
today, crime frequently does pay.
- See more at: http://jugglingdynamite.com/#sthash.a978l7mp.dpuf
As
with Madoff’s Ponzi scheme and all the many other financial scams in
human history, it takes criminal directors as well as willing
followers(clients), aiders and abetters in order for crimes to be
perpetrated.
Frontline goes inside the hunt that uncovered vast insider trading (again) on Wall Street.Here is a direct video link.
It is important to understand that while Cohen’s SAC is one of the
largest players caught cheating this round, SAC’s tactics and practices
are widely common. See:
US Attorney General Preet Bharara: Insider Trading Is “Rampant” On Wall Street.
For those who do manage savings for clients in a legal and honest
manner, one of the things that is so hard to stomach in all of this, is
not just that the culprits are unjustly enriched often making themselves
billionaires from illegal activities, but also they typically receive
wide public adoration, esteem, media coverage and privilege based on
their alleged investment “brilliance”. They are then offered a host of
plum positions on boards and advisory roles for foundations, companies
and governments. And when they are finally revealed as frauds, many
simply write some cheques for fines while keeping the bulk of their
illegal proceeds even while their clients lose everything. In finance
today, crime frequently does pay.
- See more at: http://jugglingdynamite.com/#sthash.a978l7mp.dpuf
As
with Madoff’s Ponzi scheme and all the many other financial scams in
human history, it takes criminal directors as well as willing
followers(clients), aiders and abetters in order for crimes to be
perpetrated.
Frontline goes inside the hunt that uncovered vast insider trading (again) on Wall Street.Here is a direct video link.
It is important to understand that while Cohen’s SAC is one of the
largest players caught cheating this round, SAC’s tactics and practices
are widely common. See:
US Attorney General Preet Bharara: Insider Trading Is “Rampant” On Wall Street.
For those who do manage savings for clients in a legal and honest
manner, one of the things that is so hard to stomach in all of this, is
not just that the culprits are unjustly enriched often making themselves
billionaires from illegal activities, but also they typically receive
wide public adoration, esteem, media coverage and privilege based on
their alleged investment “brilliance”. They are then offered a host of
plum positions on boards and advisory roles for foundations, companies
and governments. And when they are finally revealed as frauds, many
simply write some cheques for fines while keeping the bulk of their
illegal proceeds even while their clients lose everything. In finance
today, crime frequently does pay.
- See more at: http://jugglingdynamite.com/#sthash.a978l7mp.dpuf
As
with Madoff’s Ponzi scheme and all the many other financial scams in
human history, it takes criminal directors as well as willing
followers(clients), aiders and abetters in order for crimes to be
perpetrated.
Frontline goes inside the hunt that uncovered vast insider trading (again) on Wall Street.Here is a direct video link.
It is important to understand that while Cohen’s SAC is one of the
largest players caught cheating this round, SAC’s tactics and practices
are widely common. See:
US Attorney General Preet Bharara: Insider Trading Is “Rampant” On Wall Street.
For those who do manage savings for clients in a legal and honest
manner, one of the things that is so hard to stomach in all of this, is
not just that the culprits are unjustly enriched often making themselves
billionaires from illegal activities, but also they typically receive
wide public adoration, esteem, media coverage and privilege based on
their alleged investment “brilliance”. They are then offered a host of
plum positions on boards and advisory roles for foundations, companies
and governments. And when they are finally revealed as frauds, many
simply write some cheques for fines while keeping the bulk of their
illegal proceeds even while their clients lose everything. In finance
today, crime frequently does pay.
- See more at: http://jugglingdynamite.com/#sthash.a978l7mp.dpuf
As with Madoff’s Ponzi scheme and all the many other financial
scams in human history, it takes criminal directors as well as willing
followers(clients), aiders and abetters in order for crimes to be
perpetrated.
Frontline goes inside the hunt that uncovered vast insider trading (again) on Wall Street.Here is a direct video link.
It is important to understand that while Cohen’s SAC is one of the
largest players caught cheating this round, SAC’s tactics and practices
are widely common. See:
US Attorney General Preet Bharara: Insider Trading Is “Rampant” On Wall Street.
For those who do manage savings for clients in a legal and honest
manner, one of the things that is so hard to stomach in all of this, is
not just that the culprits are unjustly enriched often making themselves
billionaires from illegal activities, but also they typically receive
wide public adoration, esteem, media coverage and privilege based on
their alleged investment “brilliance”. They are then offered a host of
plum positions on boards and advisory roles for foundations, companies
and governments. And when they are finally revealed as frauds, many
simply write some cheques for fines while keeping the bulk of their
illegal proceeds even while their clients lose everything. In finance
today, crime frequently does pay.
Today
David Stockman surprised King World News when he warned, “2014 is the
year of the end game.” Stockman also warned about the enormous danger
of the Fed’s continued interventions in major markets. KWN takes
Stockman’s warning very seriously because he is the man former President
Reagan called on in 1981, during that crisis, to become Director of the
Office of Management and Budget. Below is what Stockman had to say in
part I of a series of powerful interviews that will be released today.
The
gold market was relatively quiet in today’s session as most traders did
not want to get too aggressive ahead of a major payrolls report due out
tomorrow. That is when the action should pick up.