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Octafish

(55,745 posts)
14. Control Fraud
Sat Mar 5, 2016, 07:08 PM
Mar 2016

It describes the criminal actions of CEOs who should be in jail, from Wall Street to Madison Avenue to wherever the accountants and lawyers call home across the big bar that's the USA.

Black developed the concept of "control fraud"–-frauds in which the CEO or head of state uses the entity as a "weapon." Control frauds cause greater financial losses than all other forms of property crime combined and kill and maim thousands. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae’s former senior management.

http://www.financialsense.com/contributors/william-k-black-phd


I've been hoping that Justice would get around to investigating the bastards who lied America into an illegal, immoral, unnecessary and disastrous war, let alone prosecute the criminals who stole national elections in 2000 and 2004, let New Orleans drown, and the Banksters to get away in 2008 and made the taxpayers pay. Money buys that kind of power. Power protects that kind of money.

Crooked money.

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