Bribery, Fraud & Tax Evasion

Four years after the disintegration of the financial system, 24 million people jobless or underemployed. Yet claims of financial fraud against companies like Citigroup and Bank of America have been settled for pennies on the dollar, with no admission of wrongdoing. Executives who ran companies that made, packaged and sold trillions of dollars in toxic mortgages and mortgage-backed securities remain largely unscathed. Read More

Ten of the world's most powerful oil, gas and mining companies own a staggering 6,038 subsidiaries with over a third located in 'secrecy jurisdictions'. Read More

The Sarbanes-Oxley Act of 2002 encouraged the Securities and Exchange Commission to fine corporate executives if they certified financial results that turned out to be bogus. The record suggests a bark decidedly worse than its bite. The SEC has filed cases against 31 executives at only 20 companies so far and recovered a total of $12.2 million from nine former executives to date. Read More

A U.S.-based company is planning a system of elevated highways in Chennai, India, that will despoil natural resources that humans and wildlife have shared for millennia, environmentalists and villagers claim. Wilbur Smith Associates has won approval for the projects, they further charge, through deceptive practices and corporate sleight of hand. Read More

In a settlement for bribery allegations related to the construction and expansion of its Bonny Island natural-gas liquefaction facility, Halliburton Co. agreed to pay $35 million to the Nigerian government. Read More

The midterm elections are days away, but the winners are virtually certain: the corporations and conservative operatives like Karl Rove who have taken advantage of the Supreme Court's Citizens United ruling to establish a well-heeled "shadow party" of networked trade associations and G.O.P. front groups. Read More

A growing group of chain-store corporations that cater to America's poor with cheap goods are classifying workers as managers. By categorizing employees as salaried managers these dollar stores avoid paying overtime wages that the Fair Labor Standards Act mandates for hourly workers. Read More

This week, almost a decade after the U.S. "War on Terror" began, the Commission on Wartime Contracting held two days of hearings into the role of private contractors in conducting and supporting war. The Congressional witness table included Aegis, DynCorp and Triple Canopy. Curiously, Blackwater was not called; and the CEO of Torres Advanced Enterprise Solutions failed to appear. Read More

Originally posted on June 1 on The Huffington Post. The bracing reality that America has two sets of rules -- one for the corporate class and another for the middle class -- has never been more indisputable. Read More

How much money did Charles G. Taylor, the deposed president of Liberia, siphon out of his war-shattered country, and where is it? Investigators are developing a new strategy involving filing civil damage claims against companies, governments and international banks that they contend aided Mr. Taylor in illegal transactions. Read More