Bribery, Fraud & Tax Evasion
Seven Irish banks are being investigated by the Central Bank of Ireland for selling consumers insurance policies that they did not need. Tens of thousands of Irish consumers could get as much as â¬3,000 ($3,900) each in refunds.
The two men, who were forced out of their jobs last year, are the first senior executives from Wall Street investment banks to face criminal charges stemming from the credit mess, and the investigation by federal prosecutors based in Brooklyn is likely to become a test case of the government's ability to make successful prosecutions of arcane financial transactions.
The U.S. Coalition of Service Industries is the top lobby group in the November WTO meeting in Qatar. The table below looks at 12 heavy hitters in the 67 member Coalition.
Here is one of the most remarkable aspects of the still-unfolding financial scandals swirling around Worldcom, Xerox, Global Crossing, Enron, Arthur Andersen, Tyco and a growing number of other companies: The fraud occurred in the most heavily regulated and monitored area of corporate activity
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.
AT&T, the U.S. telecommunications giant, allegedly profited from Nigerian nationals, who claimed to be deaf, to help them order goods from U.S. stores with stolen credit cards. The U.S. government alleges that the company then passed the charges on to the taxpayer.
MINING company Precious Metals Australia donated thousands of dollars to the election campaigns of two West Australian politicians who helped write a doctored report that commercially benefited the company.
While removing enough debris to cover Britain, contractors working on hurricane recovery have overbilled the government in a $63 billion operation that will get more expensive, according to a House report Thursday.