Bribery, Fraud & Tax Evasion
The suit alleges that Alfa, one of the largest business conglomerates in the Russian Federation -- along with Russian oligarch Mikhail Fridman and U.S. citizen Leonid Rozhetskin -- engaged in a vast international money laundering and fraud scheme in an attempt to take control of the Russian cellular industry.
David Wittig, the former chief executive of Westar Energy Inc., was sent to federal prison Tuesday after a judge ruled he had violated terms of his release pending an appeal of his bank fraud convictions.
The $2.9 billion plant that bankrupt U.S. energy giant Enron built was a technological breakthrough and still represents the largest single foreign investment in India. But since shutting down almost four years ago, it has proven more of an embarrassment than a showcase.
The Government Accountability Project (GAP) today released the Vaughn Report, commissioned by the World Bank as a guide to modernize the Bank's whistleblower protection policies. In the nine months since the Vaughn report was released on April 30, 2005, the World Bank has refused to publicly release the report, consult staff on Vaughn's recommendations, or accept any offers from experts to help implement Vaughn's analysis.
Steve Cohen, the billionaire founder of the most profitable hedge fund in history with $15 billion in assets averaging 30 percent in annual profits for two decades, has become the most watched man on Wall Street. Will he lose all his outside investors and will he go to jail?
BAE Systems has been accused of operating a $33.4 million slush fund to procure prostitutes, sports cars, and other enticements in connection with the biggest transaction in UK history -- the Al-Yamamah arms-for-oil deal with the Saudi royal family. Listen online here via FSRN!
If you think the Iraq war hasn't worked out very well for anyone, think again. Defense contractors such as Lockheed are thriving. And no wonder: Here's the story how Lockheed's interests- as opposed to those of the American citizenry- set the course of U.S. policy after 9/11.