Bribery, Fraud & Tax Evasion
In the run-up to the March 2003 invasion of Iraq, the Pentagon planned to create a 'Rapid Reaction Media Team' (RRMT) designed to ensure control over major Iraqi media while providing an Iraqi 'face' for its efforts, according to a 'White Paper' obtained by the independent National Security Archive (NSA) which released it Tuesday.
One rich bank (JP Morgan) lost money to a rich hedge fund (Saba). Surely that is a zero sum game: They swap mansions and yachts, their partners swap diamonds and butlers, and it makes no difference to the rest of us. Or are they robbing us?
The New York City comptroller has charged that the American mining company Freeport-McMoRan knowingly made ''false or misleading'' statements about payments to the Indonesian military, and has asked the Securities and Exchange Commission and the Justice Department to investigate.
The FBI has launched a multifaceted investigation into post-Hurricane Katrina spending in St. Bernard Parish, examining several public contracts including a $370 million debris pickup deal that parish officials granted without bids five days after the storm and gave again to the same firm later last year despite receiving lower offers, according to interviews with competitors and a parish official who have been questioned by federal agents.
During former defense secretary Richard Cheney's five-year tenure as chief executive of Halliburton, Inc., his oil services firm raked in big bucks from dubious commercial dealings with Iraq. Cheney left Halliburton with a $34 million retirement package last July when he became the GOP's vice-presidential candidate
The U.S. government is investigating Citadel, a Chicago-based hedge firm and market maker that manages some $25 billion in client money, for allegedly giving smaller investors a bad deal. The Department of Justice wants to know if the firm is taking advantage of the complexity of high-speed trading.
Hundreds of pages of recently unsealed court records detail how kickbacks shaped the war's largest troop support contract months before the first wave of U.S. soldiers plunged their boots into Iraqi sand.
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.
European Union regulators plan to fine Bayer and Chemtura this week for fixing prices of rubber chemicals, according to four people with firsthand knowledge of the investigation.