tagged w/ Economic Crimes
-
EULEX police arrested five people suspected of economic crimes, the EU Rule of Law mission announced on Wednesday.
Two other suspects are abroad, the mission added. Unconfirmed media reports suggest the suspects are Kosovo Albanians.
Four private companies and seven houses were raided across Kosovo as part of the EULEX action that targeted tax evasion, organised crime, fuel smuggling and misuse of economic authorisation.
Meanwhile, KFOR said in a press release Wednesday that some of its soldiers are being investigated for possible fuel smuggling and economic crimes.EULEX police arrested five people suspected of economic crimes, the EU Rule of Law... more
-
-
Organised crime is taking a bigger foothold in the corporate world; criminal organisations now account for a greater proportion of white collar crime than before. The phenomenon has been noticed in the construction business, at the far end of subcontracting chains, and in small companies.
Honest small businesses have long complained that they have difficulties in competing with shady operators. “We do not want the state to neglect enforcement measures, thereby handing over the construction business to criminals,” says Juha Helmijoki, managing director of the Confederation of Finnish Construction Industries.
Organised crime is estimated to have nearly doubled its share of all white-collar crime last year. “In 2009 about 44 percent of crimes in which organised criminal groups are suspected to have been involved were economic crimes. This amounts to between 150 and 200 individual cases.
In the two previous years, the figure was about 25 percent” says Janne Parttinen, of the VIRKE project of cooperation among officials.Organised crime is taking a bigger foothold in the corporate world; criminal... more
-
-
Swiss authorities sifted through record numbers of suspicious financial deals last year totalling 2.23 billion Swiss francs ($2.1 billion) for possible money-laundering, and most were forwarded to prosecutors.
Switzerland, for decades viewed as a safe haven for money of dubious origin, started to clean up its image by introducing anti-money laundering laws in 1998. The rules make it compulsory for financial operators to report suspect transactions, regardless of the amounts involved.
In 2009, Switzerland’s Money Laundering Reporting Office received a total of 896 reports on suspicious financial activities, a 5.3 percent increase from the previous year.Swiss authorities sifted through record numbers of suspicious financial deals last... more
-
-
"Lenders don’t modify the loans of borrowers at risk of foreclosure because to do so would likely mean having to reduce the amount of money the borrowers owe the bank, and therefore could potentially end up costing the bank money."
Thats Right. After receiving taxpayer bailouts:
http://www.financialstability.gov/impact/contracts_list.htm
then using Credit Default Swaps to insure Leveraged Instruments:
http://www.globalresearch.ca/index.php?context=va&aid=8634
You can fool people most of the time....
Lets see if they also figured the last line out."Lenders don’t modify the loans of borrowers at risk of foreclosure because... more
-
-
taps65
-
added this
-
2 years ago
- |
-
Some excerpts of the default data: on initially-current loans, Countrywide modified $87M of loans but 59% had re-defaulted within 10 months (this is the worst performance of initially-current loans). Wells Fargo came in second, with 49% re-defaults on $334M of modifications.
On initially-delinquent loans, Wells Fargo came in 11th (tied with Ameriquest), with 70% re-default on $605M of loans. Countrywide came in first again, with 80% re-defaults, which ties it with WaMu (the two thrifts modified $388M and $566M of loans respectively).
The best record on initially-current loans was a "mere" 34% re-default rate after 10 months. By contrast, the best record for initially-delinquent loans was 62% -- held by (the non-WaMu part of) JP Morgan Chase.
REPUDIATE BAD DEBT!!!
DO NOT MODIFY OR REFINANCE LOANS YOU CANNOT AFFORD TO BEGIN WITH THAT OR
PERMIT THE ECONOMY TO SUFFER.Some excerpts of the default data: on initially-current loans, Countrywide modified... more
-
-
taps65
-
added this
-
2 years ago
- |
-
With a U.S.-propped puppet "President" in place, native Peruvians have had to put force behind sounder convictions to combat the constant murderously unadulterated greed of the U.S. for Peruvian natural resources.
Apparently, "President" Garcia still believes the imperialistic U.S. Free Raid agreement is still somehow " consistent with 'his' view that opening the country to foreign investment is key to economic growth." Obviously the native people who actually live there have serious and very different feelings regarding the truer intentions and unethical behaviors of American "business" interests around the world when they promise "economic growth."
Said Lidia Rengifo, an indigenous leader, "We have shown Peru and the world that we are capable of dialogue, of unity, of observing human rights..." Hopefully they will continue to show the world we can all tell selfish U.S. interests just where to go and what to do with their "economic growth."With a U.S.-propped puppet "President" in place, native Peruvians have had... more
-
-
echoz
-
added this
-
2 years ago
- |
-
BIRMINGHAM, Ala. – A state judge on Thursday ordered former HealthSouth CEO Richard Scrushy to pay about $2.8 billion to shareholders who sued over accounting fraud at the rehabilitation chain.
Circuit Judge Allwin E. Horn, who heard the case without a jury, ruled in favor of HealthSouth shareholders who filed a civil suit claiming Scrushy was involved in a massive fraud that nearly sent the company into bankruptcy.
Scrushy was acquitted in a federal criminal case over related charges and testified in the state civil suit that he knew nothing about any fraud. He is serving a nearly seven-year sentence for a 2006 conviction in a separate state government bribery case.
The Alabama suit accused Scrushy of unethical dealings with the company while it was going broke and complicity in $2.6 billion in fraudulent earnings and asset reports it filed with regulators from 1996 to 2002. The amount shareholders sought included money they claimed he pocketed through sweetheart deals.BIRMINGHAM, Ala. – A state judge on Thursday ordered former HealthSouth CEO... more
-
-
lvp
-
added this
-
2 years ago
- |
-
He compares the current mistaken focus on bailouts � from Wall Street to the auto industry � to the early mistakes of another president faced with economic disaster: Franklin Delano Roosevelt, whose initial rejection of the revolutionary concepts of John Maynard Keynes helped prolong the worldwide economic misery of the late 1920s and 1930s.
It may take another heretic to pull America out of its current downhill slide this time around.
�Ravi is a phenomenon � the best predictive record of any economist, past or present � and he does it all by reference to recorded, empirical facts, not paradigm [or] ideology,� said Prof. Rajani Kannepalli Kanth, a visiting scholar at Harvard University who specializes in political economy and social anthropology.
His supporters think Batra should long ago have won a Nobel Prize and that President-elect Barack Obama ought to be calling him with offers of cabinet posts or at least asking for his advice.
But instead, despite his sterling record and best-selling books, Batra remains somewhat isolated in the economics field, the result of one bad call and, more to the point, an economic theory that flies in the face of today�s accepted wisdom � in the face, that is, of the theories and practices that got us in the horrendous spot we�re in today.
�We are on the verge of a social revolution � it�s already started [with Obama�s election]. The second part, where the theories are discarded and new ideas take over and new reforms take over � that part has yet to occur, and that will take a few years,� he predicted. �After that occurs, the age of acquisitors will be over, and there will be a new age with a totally different attitude toward taxation and the economic system.�
The revolution, which he believes could happen in a couple of years or sometime soon after that, should bring in a new chapter of greater economic equality and less poverty and suffering � first in the U.S., then rippling out to the rest of the world, he thinks.
�The U.S. has never been in any other age other than the age of acquisitors. So this will be a new experience for the U.S.,� he said.He compares the current mistaken focus on bailouts � from Wall Street to the auto... more
-
-
For a lot of people, it is already too late. People have moved back in with their parents, started living out of RVs, moved into trailer parks that are mushrooming around cities such as Las Vegas the way developments with real houses used to. Even pricey Santa Barbara, Calif., recently made several gated parking lots available to people living in their cars.
Last week, General Motors announced 10,000 job cuts, Wal-Mart 800, and Nobel Prize-winning economist Joseph Stiglitz told an interviewer that in some ways, the current crisis is worse than the Great Depression. But this time around, we appear to have a class of individuals who think that they should not have to suffer with the rest.
It is this type of behavior, rather than economics, that the working poor don't understand. I earned $3.35 an hour at my first job washing dishes in 1981, and today, 28 years later, the minimum wage has barely doubled. Congress voted not to raise it for nearly 10 years, while members awarded themselves pay raises on a nearly annual basis. And during the years that the minimum wage was stalled, the pay of a CEO swelled to hundreds of times the wage of an average worker, according to the Economic Policy Institute.
They have a right to be cynical. It turns out, the people who understand money the best are the ones who don't have it.
Iain Levison is the author of the memoir "A Working Stiff's Manifesto" and the forthcoming novel "How to Rob an Armored Car."For a lot of people, it is already too late. People have moved back in with their... more
-
-
Nowadays, every homeowner should have an arsenal to protect them from evil. An arsenal that does not require bullets or bombs. This is the weapon that destroys mass corruption. You don't have to buy it, you already have it. It just needs to be activated.
Just like the best things in life.... it's free.Nowadays, every homeowner should have an arsenal to protect them from evil. An arsenal... more
-
-
taps65
-
added this
-
3 years ago
- |
-
Rise up and bear knowledge. Make yourself responsible. Stop blaming and start change within yourself. The foundation of our future generation depend on the truth we lay down today.
Resurrect these dying words:
And so, my fellow Americans: ask not what your country can do for you - ask what you can do for your country.
My fellow citizens of the world: ask not what America will do for you, but what together we can do for the freedom of man.
Finally, whether you are citizens of America or citizens of the world, ask of us the same high standards of strength and sacrifice which we ask of you. With a good conscience our only sure reward, with history the final judge of our deeds, let us go forth to lead the land we love, asking His blessing and His help, but knowing that here on earth God's work must truly be our own.Rise up and bear knowledge. Make yourself responsible. Stop blaming and start change... more
-
-
taps65
-
added this
-
3 years ago
- |
-
The biggest investment most Americans will make is now the target of one of the country's largest financial scams and labeled:
"The Perfect Crime."
When fully exposed, this will make Enron look like a parking ticket. - MSFraud 2003
From the transcript of evidentiary hearing - MERS v. Cabrera:
"It truly concerns me, however, that thousands and thousands -- thousands and thousands of mortgage foreclosure actions have been filed with these allegations. I am not certain what remedy, if any, these people would have were it to be determined that MERS was not ever the proper party notwithstanding that these folks [might] have been in default what their recourse, if any, would be. I'm not certain with the satisfaction of mortgages that have been filed on behalf of MERS how good those are and I am not certain how good title to property is that people bought at these foreclosure sales if it turns or becomes established that MERS was indeed not only not the right party but misrepresented by way of their pleadings and affidavits that they held something they didn't own, so I'm not certain of the consequences but it seems vast."
- The Honorable Judge Jon Gordon (Emphasis added)The biggest investment most Americans will make is now the target of one of the... more
-
-
taps65
-
added this
-
3 years ago
- |
-
I'm writing this as 2008 comes to a close. It has been, without question, one of the most disastrous years for American families since the birth of this nation. Literally millions are faced with the prospect of losing their homes while our nation's resources are being shared with those who need and deserve them least of all - the very parties responsible for our current economic crisis. I thought it was important for me to write and let every person who is faced with financial troubles in these times know that you are NOT alone.I'm writing this as 2008 comes to a close. It has been, without question, one of... more
-
-
taps65
-
added this
-
3 years ago
- |
-
Truth based solutions, concern derived awareness, common sense embedded intellect, inherent thirst for change and exemplified advocacy collectively will bring down the mightiest walls of deceit.
Fighting fire with fire only give us charred remains. This is exactly what they want people to do.
The United States Constitution should once again start within ourselves. Make our Country proud.
Resurrect these dying words:
"And so, my fellow Americans: ask not what your country can do for you - ask what you can do for your country. My fellow citizens of the world: ask not what America will do for you, but what together we can do for the freedom of man. "
- JFKTruth based solutions, concern derived awareness, common sense embedded intellect,... more
-
-
taps65
-
added this
-
3 years ago
- |
-
In a time of deceit telling the truth is a revolutionary act.
- George Orwell
-
-
taps65
-
added this
-
3 years ago
- |
-
ANTELOPE VALLEY, CALIFORNIA!!! Our area has garnered all the top spots. Surprisingly all the local officials and law enforcement have not done a single thing. Their inaction has caused more damages. "There is no fraud", It's the peoples fault for signing predatory and fraudulent loans", "we refuse to give incident reports because fraud is a civil matter"
these are the common replies from reporting Mortgage Fraud and Predatory lending.
How the hell can homeowners afford lawyers if they cannot afford their mortgages to begin with...ANTELOPE VALLEY, CALIFORNIA!!! Our area has garnered all the top spots. Surprisingly... more
-
-
taps65
-
added this
-
3 years ago
- |
-
and practically no one noticed. In 1913, the money-creation function of the US Congress was taken over by the privately owned banking cartel called the Federal Reserve. The Federal Reserve is neither Federal nor a reserve. What it is in fact is a privately owned monopoly that controls America's money supply.
Go figure..... the question is not where the money went, what are we all going to do about it is. They have privatized gains and socialized losses. The money went back to them while our children s great grandchildren are all enslaved.and practically no one noticed. In 1913, the money-creation function of the US... more
-
-
taps65
-
added this
-
3 years ago
- |
-
There were an average 3,100 foreclosures per day in the U.S. in November, according to RealtyTrac Inc., an Irvine, California real estate data company. That’s triple the 1,000 per day average in 1933, the worst year of the Great Depression, the U.S. economy is likely to deteriorate further this year and unemployment will rise into 2010, according to the latest forecasts from the staff of the Federal Reserve.
.......who can predict specific results other than the ones who control the underlying factors.There were an average 3,100 foreclosures per day in the U.S. in November, according to... more
-
-
taps65
-
added this
-
20 days ago
- |
-
STOP READING AND WATCHING PROPAGANDA used to stupefy and apathize the masses.
The real issues are all at the Silver Bear. just like Current- here for the people, by the people.....
America Wake Up the Entire World is Suffering!!!STOP READING AND WATCHING PROPAGANDA used to stupefy and apathize the masses.
The... more
-
-
taps65
-
added this
-
3 years ago
- |
-
2008-12-25 — amazonaws.com
So... the SEC knew, in full, shameful detail. It's a good thing the scheme wasn't busted until the public had (grudgingly) come to accept the premise that it would have to bear the full brunt of Wall Street's bailout! Now we can just throw this negligently-permitted debacle onto "the pile"...
Click above link for Madoff Sec Docs. Thank you.2008-12-25 — amazonaws.com
So... the SEC knew, in full, shameful detail.... more
-
-
taps65
-
added this
-
3 years ago
- |
