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By Joe Sacco
$19.77
By Joseph Conrad
$22
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Richard Elzey (CC BY 2.0)
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Legislation passed Friday in Florida “prevents a homeowner who loses a foreclosure case from recovering the property, even if the bank’s actions are later determined to be fraudulent,” the Sarasota Herald-Tribune reports.
Posted on May 8, 2013
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AP/Karim Kadim
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A British businessman was convicted Tuesday of fraud for selling fake bomb detectors for as much as $40,000. Despite being “completely incapable of detecting explosives,” as police Detective Superintendent Nigel Rock put it, the devices are still in use.
Posted on Apr 24, 2013
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Stewart (CC BY 2.0)
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Behold another example of the collapse of U.S. regulatory structure: One of the largest seafood fraud investigations in the world found that one-third of seafood products sold in restaurants and grocery stores across the country were mislabeled according to Food and Drug Administration standards.
Posted on Feb 27, 2013
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AP/Evan Vucci
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Pleading guilty to fraud and facing as many as five years in prison, former Congressman Jesse Jackson Jr. tearfully acknowledged Wednesday that he was losing one of the rights for which his father fought.
Posted on Feb 20, 2013
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AP/Michael S. Green
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By Robert Scheer — Where are Phil and Wendy Gramm hiding now that UBS, like Enron before it, has been nailed by the G-men?
Posted on Dec 21, 2012
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ra_hurd (CC BY 2.0)
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By Kim Barker, ProPublica —
When MaryAnn Nellis tried to pay for groceries on April 14, her credit card was declined. She later found out why: Her credit card company, Capital One, had flagged an earlier purchase as potentially fraudulent. The problem? A $5 donation to Friends of Scott Walker, the Wisconsin governor’s campaign committee, which she claimed not to have made.
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AP / Cliff Owen
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On Thursday, state and federal government representatives announced that five major banks—Wells Fargo, Bank of America, Ally Financial, Citigroup and JPMorgan Chase—had agreed to pay their part in a settlement of more than $25 billion stemming from the mortgage market meltdown that caused millions of Americans to lose their homes.
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Flickr / futureatlas.com (CC-BY)
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It’s a start, but let’s hope Friday’s fraud charges against six former higher-ups at Fannie Mae and Freddie Mac don’t represent the only attempts that the Securities and Exchange Commission will make to hold financial executives responsible for the disastrous economic mess that’s still upon us.
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AP / Alexander Zemlianichenko Jr.
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So much for United Russia. That’s the optimistic name of Russian Prime Minister Vladimir Putin’s party, which drew accusations of voting fraud and incited protests after Sunday’s parliamentary election. The demonstrations continued Tuesday in Moscow and two other Russian cities, leading to hundreds of arrests and two counter-protests.
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Eflon (CC-BY)
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A federal judge will not accept the SEC’s settlement with Citigroup for defrauding its customers of more than $700 million in just one of the firm’s lousy investment opportunities. (more)
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Flickr / respres (CC-BY)
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The Federal Housing Finance Agency is set to file lawsuits against more than a dozen big banks for allegedly misrepresenting the quality of mortgage securities they were assembling and peddling at the height of the housing bubble. (more)
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U.S. Army / Staff Sgt. Bronco Suzuki
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A three-year study by a nonpartisan panel reported Wednesday that the U.S. wasted between $31 billion and $60 billion, or about $12 million every day, on wartime contracts for services in Iraq and Afghanistan over the last decade. (more)
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james.gordon6108 (CC-BY)
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By an estimate its co-chairs call conservative, the bipartisan Commission on Wartime Contracting has found that the government wasted $30 billion on the use of private contractors in Iraq and Afghanistan. The co-chairs, writing in The Washington Post, say that number could double. (more)
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Wikimedia Commons
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The hacktivist group Anonymous has thus far distinguished itself primarily with its public grapplings with Scientology, but now the network of online provocateurs has edged into WikiLeaks territory with its first release of potentially compromising information about a Bank of America subsidiary.
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World Economic Forum / Remy Steinegger
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Officials at the SEC have begun to doubt that the agency can prove that executives of the now-defunct Lehman Brothers investment bank broke the law after the company allegedly moved billions of dollars off its balance sheet.
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AP / Louis Lanzano
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It’s hard to believe that it has already been two years since the implosion of Bernie Madoff’s devastating Ponzi scheme, and it’s hard to comprehend why the fallen financier would choose this moment to unburden himself to New York magazine’s Steve Fishman ...
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Good thing for that, too, as the middle and lower classes are clearly still feeling the fallout from Wall Street bandits’ fraudulent scheming. Here, Taibbi names some names and tells Amy Goodman how the architects of our current economic catastrophe got away with their crime ... so far.
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Wikimedia Commons / Agência Brasil (CC-BY)
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Now that Hosni Mubarak has exited his post as Egypt’s president, his reportedly extensive wealth is no longer protected by his position, and authorities in his homeland have moved to freeze his assets, as well as those of his family members, in the midst of a fraud investigation.
Posted on Feb 21, 2011
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AP / Louis Lanzano
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It appears that some higher-ups at JPMorgan Chase were on to fraudster Bernie Madoff nearly two years before the catastrophic implosion of his Ponzi scheme, but said execs didn’t take this knowledge as reason enough to stop doing business with him.
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By Amy Goodman — The big banks that caused the collapse of the global finance market, and received tens of billions of dollars in taxpayer-funded bailouts, have likely been engaging in wholesale fraud against homeowners and the courts.
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U.S. Army / Staff Sgt. Ken Denny
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Remember when President Bush said the U.S. would bring democracy to Afghanistan? Afghan and Western officials have indicated that last month’s elections were so fraudulent that almost 25 percent of all votes cast will be thrown out.
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Goldman Sachs hasn’t been the most popular name in finance lately on this side of the Atlantic, and now the Brits have jumped into the fray, hitting the banking behemoth with a $31 million fine for keeping its stateside troubles secret from U.K. authorities.
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bismark.se
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The digital age hasn’t been very good for elections, at least when it comes to the actual recording and counting of votes. But some big brains are out to change all that. Here is a system that would let you vote anonymously and allow you to verify that your vote was recorded accurately. (continued)
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AP / Mark Lennihan
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American International Group, 80 percent owned by the U.S. government, has announced it will pay out $725 million in a settlement of a securities fraud lawsuit, begun in 2004, that accused the insurance Gargantua of accounting fraud and stock manipulation.
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Iraq Electoral Commission
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The Iraqi electoral commission has upheld the results of the country’s parliamentary election after a partial recount demanded by the incumbent prime minister, Nouri al-Maliki, whose coalition finished second in the voting.
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Fake news by Andy Borowitz —
The pirate leader acknowledged that they merged their operations with Goldman in late 2008 to take advantage of the more relaxed regulations governing bankers as opposed to pirates, “plus to get our share of the bailout money.”
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By E.J. Dionne, Jr. — No leftist polemicist could come up with as damning a description of contemporary capitalism as the contents of an e-mail that Goldman’s Fabrice “Fabulous Fab” Tourre sent to his girlfriend.
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Fake news by Andy Borowitz —
A Treasury Department spokesperson said that by performing community service as treasury secretary, Lloyd Blankfein will do less harm to the economy because he will have significantly less power than he had as chairman of Goldman.
Posted on Apr 25, 2010
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John Cole, The Scranton Times-Tribune —
Posted on Apr 19, 2010
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AP / Mark Lennihan
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In a move that may signal the beginning of the end of Goldman Sachs’ golden era, the Securities and Exchange Commission filed a civil suit Friday against the banking behemoth, accusing the company of selling customers subprime mortgage derivatives ... (continued)
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Peter Galbraith, the former U.N. envoy who claims he was fired for trying to confront the election fraud in Afghanistan, says of Hamid Karzai: “In fact, some of the palace insiders say that he has a certain fondness for some of Afghanistan’s most profitable exports.” (video after the jump)
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bbc.co.uk
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Although Afghan President Hamid Karzai acknowledged Thursday that last year’s presidential election had been greatly hindered by fraud, his assessment as to the source of the problem came as a surprise to the president’s main target.
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U.S. Air Force / Staff Sgt. Jessica J. Wilkes
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Iraq’s recent election was supposed to remove Nouri al-Maliki from power, but the prime minister, sounding rather like a Bond villain, declared “the game is still very much on.” Now a governmental commission created to keep Baathists out of public life says that on the night before the election it banned six candidates who went on to win.
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Flickr / Don Hankins
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From Nigerian “millionaire” plans to “FBI agent” schemes, millions of dollars have been lost to scams on the Internet. Last year saw reported losses from Internet fraud more than double, rising from $264.6 million in 2008 to $559.7 million in 2009.
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AP / Charles Dharapak
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“Improper payments” figured among the many symptoms of an ailing health care system that President Obama railed against during a pep rally for health care reform near St. Louis on Wednesday—the latest stop in his U.S. tour to drum up support for his controversial cause.
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AP / Anja Niedringhaus
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By Robert Scheer — The most idiotic thing being said about America’s involvement in Afghanistan is that the best way to protect the 68,000 U.S. troops there now is by putting an additional 40,000 in harm’s way.
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Wikimedia Commons / Tapand
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Afghanistan’s Independent Election Commission has declared President Hamid Karzai the winner of a second five-year term after his rival Abdullah Abdullah dropped out of the race. Abdullah said the runoff would be just as corrupt as the original election and withdrew in protest. (continued)
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AP / Musadeq Sadeq
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Considering the outcome of the last presidential election, or attempt at same, in Afghanistan, it’s not surprising that Hamid Karzai’s challenger, Abdullah Abdullah, would balk at the idea of letting the same polling officials head the voting effort during the runoff slated for Nov. 7.
Posted on Oct 26, 2009
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If an athlete is caught cheating in the Olympics or another sports competition, that person is disqualified, and it is seen as a disgrace. In the case of the recent election in Afghanistan, however, cheating has been rewarded and even praised by no less than the president of the United States, says Link TV’s Jamal Dajani in this week’s “Mosaic Intelligence Report.”
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Ballots are being distributed to voting centers throughout Afghanistan for the runoff between incumbent President Hamid Karzai and his top challenger from Round 1, Abdullah Abdullah, slated to take place on Nov. 7.
Posted on Oct 22, 2009
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White House / Lawrene Jackson
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Afghanistan will hold a runoff election on Nov. 7 after a U.N. commission stripped President Hamid Karzai of his victory, citing rampant fraud. Karzai, under heavy foreign pressure, accepted the commission’s findings Tuesday and agreed to the runoff.
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irfwp.org
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Afghanistan may be nearing yet another political crisis as officials fear that President Hamid Karzai will not accept results of an investigation outlining massive fraud in the country’s presidential elections two months ago. The inquiry is expected to drop Karzai’s vote total to under 50 percent, requiring a runoff election.
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acus.org
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After facing allegations of a cover-up, Kai Eide, the most senior U.N. representative in Afghanistan, acknowledged that “widespread fraud” has tainted the country’s presidential election but denied that he tried to hide evidence of cheating.
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U.S. Army / Staff Sgt. Ken Denny
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A former U.N. diplomat has attacked the process and results of the recent Afghan elections, claiming that almost one in three votes cast for incumbent President Hamid Karzai was fraudulent and that the elections seriously weakened the democratic process in the eyes of the Afghan people. As a consequence, the Taliban is stronger, says Peter Galbraith, who was fired in a dispute over the voting.
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AP / Jason DeCrow
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Fallen financier Bernard Madoff’s brother, sons and niece are now in legal hot water after a court-appointed trustee filed suit against them on Friday for allegedly pocketing “ill-gotten gains” they received from Madoff’s fraudulent business ventures, according to The Wall Street Journal.
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AP / Musadeq Sadeq
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A European Union election watchdog group has determined that as many as a third of the votes cast in the recent presidential election in Afghanistan might be fraudulent, which translates to as many as 1.1 million bogus votes—making Afghan President Hamid Karzai’s re-election seem suspect just as the tally tilted in his favor.
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Flickr / Army.mil
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Hey, so what exactly are we doing fighting in Afghanistan again? What’s the U.S. role, if any, in sorting out the recent, trouble-plagued Afghan presidential election? It’s not likely that this Los Angeles Times “primer” on Afghanistan is going to get to the more uncomfortable answers to these questions, but here’s what the paper has to say for starters.
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U.S. Army / Spc. Matthew Freire
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The BBC has collected testimonials from Afghan citizens on their country’s troubled election. A university student says he survived an encounter with the Taliban only to find a corrupt policeman at his polling place who “asked me to give him my card so that he can vote for me.” He ended up not voting.
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