Articles and Resources
Date Fairness.com Resource Read it at: Feb 04, 2013 U.S. Accuses S. & P. of Fraud in Suit on Loan Bundles
QUOTE: The Justice Department filed civil fraud charges late on Monday against the nation's largest credit-ratings agency, Standard & Poor's, accusing the firm of inflating the ratings of mortgage investments and setting them up for a crash when the financial crisis struck....From September 2004 through October 2007, S.&P. "knowingly and with the intent to defraud, devised, participated in, and executed a scheme to defraud investors" in certain mortgage-related securities, according to the suit filed against the agency and its parent company, McGraw-Hill Companies. S.&P. also falsely represented that its ratings "were objective, independent, uninfluenced by any conflicts of interest," the suit said.
New York Times Nov 15, 2012 Police Killing in Kenya Deepens Aura of Menace
QUOTE: a spectacularly dysfunctional national police force. “On a scale of 1 to 10, I would give our police a 2,” said Macharia Njeru, the chairman of Kenya’s new police oversight board, citing corruption allegations, human rights abuses, extrajudicial killings, failed inquiries and lost public trust.
New York Times Nov 15, 2012 Wal-Mart Inquiry Reflects Alarm on Corruption
QUOTE: Wal-Mart on Thursday reported that its investigation into violations of a federal antibribery law had extended beyond Mexico to China, India and Brazil, some of the retailer’s most important international markets. The disclosure, made in a regulatory filing, suggests Wal-Mart has uncovered evidence into potential violations of the Foreign Corrupt Practices Act...
New York Times Apr 26, 2012 Not just Wal-Mart: Dozens of U.S. companies face bribery charges
QUOTE: Deere, Disney, Hewlett-Packard, Qualcom and many others are also under investigation for violations of the U.S. Foreign Corrupt Practices Act.
CNN (Cable News Network) Apr 21, 2012 Vast Mexico Bribery Case Hushed Up by Wal-Mart After Top-Level Struggle
QUOTE: Wal-Mart dispatched investigators to Mexico City, and within days they unearthed evidence of widespread bribery. They found a paper trail of hundreds of suspect payments totaling more than $24 million. They also found documents showing that Wal-Mart de Mexico’s top executives not only knew about the payments, but had taken steps to conceal them from Wal-Mart’s headquarters....The lead investigator recommended that Wal-Mart expand the investigation. Instead, an examination by The New York Times found, Wal-Mart’s leaders shut it down.
New York Times Aug 05, 2011 Ex-Lawmaker Still a Friend of Hospitals
QUOTE: House members are banned from lobbying on Capitol Hill for a year after leaving office (Mr. Pomeroy’s term ended in January), but Mr. Pomeroy, a Democrat, has teamed up with his former chief of staff, who is not subject to the restriction, as a lobbying partner.
New York Times Jul 05, 2011 Cheating for Dummies: Your guide to smarter NCAA rule-breaking
QUOTE: The NCAA has what amounts to subpoena power over current athletes and current university employees. That's it. The NCAA's rules don't apply to anyone else. That opens an almost infinite array of cheating opportunities completely undetectable by the NCAA's enforcement cops. If you get caught cheating, you got caught because you're incredibly stupid.
CNN (Cable News Network) Jun 28, 2011 In South Korea, fairness is the new ideal
QUOTE: Experts say the fairness fixation reflects dismay at what rapid change has wrought: a widening gap between the rich and the poor, and residual corruption. For President Lee Myung-bak, this is more than a passing problem, because middle-class economic concerns and a string of frauds and scandals have convinced South Koreans that theirs is anything but the “fair society” that he has touted.
Washington Post Jun 20, 2011 Power Broker Steps Down After Years of Whispers
QUOTE: For nearly three decades, Warner, 68, has also been a powerful but polarizing figure in regional and international soccer circles. On Monday, he resigned his positions as the vice president of FIFA, soccer’s world governing body, and as the president of soccer’s North American, Central American and Caribbean region, known as Concacaf. He had been accused in a bribery scheme involving as much as $1 million and had been suspended from all soccer activities...
New York Times May 01, 2011 Costly Afghanistan Road Project Is Marred by Unsavory Alliances
QUOTE: The vast expenses and unsavory alliances surrounding the highway have become a parable of the corruption and mismanagement that turns so many well-intended development efforts in Afghanistan into sinkholes for the money of American taxpayers... There have been 364 attacks on the Gardez-Khost Highway.
New York Times Apr 12, 2011 The Real Housewives of Wall Street
QUOTE: What they don't know is that there is another budget of roughly equal heft, traditionally maintained in complete secrecy... It is as though someone sat down and made a list of every individual on earth who actually did not need emergency financial assistance from the United States government, and then handed them the keys to the public treasure.
Rolling Stone Apr 06, 2011 Fiesta Bowl’s Lesson: Boards Must Watch for Red Flags
QUOTE: Charitable funds have gone misspent, jobs have been lost, and the reputation of one of college football’s most prominent organizations has been sullied... The ultimate (and often unfair) question in situations like this is, Where was the board?
Chronicle of Philanthropy Feb 08, 2011 Corruption Blew the Lid off North Africa
QUOTE: Today, people see freedom from corruption as a basic human right. They are right to do so. No one should have to live under a regime where corruption is endemic.
CNN (Cable News Network) Jan 20, 2011 Paid a bribe? Click here to complain
QUOTE: In India if you ask citizens about corruption almost everyone has a story. Bribes and kickbacks have become a part of everyday life for many.
CNN (Cable News Network) Dec 16, 2010 Wall Street Whitewash
QUOTE: The bipartisan Financial Crisis Inquiry Commission was established by law to “examine the causes, domestic and global, of the current financial and economic crisis in the United States.” The hope was that it would be a modern version of the Pecora investigation of the 1930s, which documented Wall Street abuses and helped pave the way for financial reform. Instead, however, the commission has broken down along partisan lines, unable to agree on even the most basic points.
New York Times May 25, 2010 BP’s Ties to Agency Are Long and Complex
QUOTE: The relationships among Dr. Chu, Dr. Koonin and BP illustrate the complexity of the ties between the company and the government now playing out along the Gulf Coast as they struggle to cope with one of the nation’s worst environmental disasters. Just as the Pentagon and military contractors develop symbiotic business, technical and political interdependencies, the government in this case needs BP’s offshore drilling technology and well-control equipment; the company needs the government’s logistical and scientific expertise, including that of Dr. Chu, a Nobel Prize-winning scientist.
New York Times May 17, 2010 Russian Journalists, Fighting Graft, Pay in Blood
QUOTE: the violence was an omen, beginning a wave of unsolved attacks and official harassment against journalists, human rights activists and opposition politicians around the region, which includes the Moscow suburbs, but not the city itself. Rarely, if ever, is anyone held responsible.
New York Times Mar 29, 2010 Afghan corruption: How to follow the money?
QUOTE: a Defense Department contract worth up to $360 million to transport U.S. military goods through some of the most insecure territory in Afghanistan. But his company has no trucks. Instead, Wardak sits atop a murky pyramid of Afghan subcontractors who provide the vehicles and safeguard their passage. U.S. military officials say they are satisfied with the results, but they concede that they have little knowledge or control over where the money ends up.
Washington Post Feb 27, 2010 Ethics panel clears 7 on earmarks
QUOTE: the ethics committee declared that lawmakers are free to raise campaign money from the very companies they are benefiting so long as the deciding factors in granting those "earmarks" are "criteria independent" of the contributions. The report served as a blunt rejection of ethics watchdogs and a different group of congressional investigators, who have contended that in some instances the connection between donations and earmarks was so close that it had to be inappropriate.
Washington Post Nov 19, 2009 The rot spreads: Corporate crime is on the rise
QUOTE: THE recession has taken its toll on morals as well as profits.
Economist Nov 19, 2009 Zombie Nuke Plants
QUOTE: More than half of America's nuclear plants have received new twenty-year operating licenses. In fact, the NRC has not rejected a single license-renewal application. Many of these plants have also received "power up-rates" that allow them to run at up to 120 percent of their originally intended capacity. That means their systems are subjected to unprecedented amounts of heat, pressure, corrosion, stress and embrittling radiation.
Nation Nov 17, 2009 Paying Off the Warlords: Anatomy of an Afghan Culture of Corruption
QUOTE: Afghan political analysts observe that Ghazanfar and Zahid Walid are striking examples of the multimillion-dollar business conglomerates, financed by American as well as Afghan tax dollars and connected to powerful political figures, that have... emerged as part of a pervasive culture of corruption here.
TomDispatch Nov 16, 2009 Taint of Corruption Is No Barrier to U.S. Visa
QUOTE: former and current State Department officials said Equatorial Guinea’s close ties to the American oil industry were the reason for the lax enforcement of the law [baring official Teodoro Nguema Obiang from entering the U.S,. to his mansion].
New York Times Oct 10, 2009 Subpoenas issued in probe of ex-Interior secretary
QUOTE: A federal grand jury has subpoenaed records from Royal Dutch Shell PLC as part of a Justice Department investigation into corruption allegations against former Interior Secretary Gale A. Norton, according to sources close to the investigation.
Los Angeles Times Oct 01, 2009 America's High-Tech Sweatshops: U.S. companies may be contributing unwittingly to the exploitation of workers imported from India and elsewhere by tech-services outfits
QUOTE: While many [tech-service] outfits operate legally and provide high-quality talent, there is growing evidence that others violate U.S. laws and mistreat their recruits.
BusinessWeek Sep 16, 2009 Where are the subprime perp walks?: Three years after the housing bubble popped, prosecutors have yet to bring a major case tied to the subprime fiasco. What gives?
QUOTE: Three years after the housing bubble popped, federal prosecutors have yet to bring a case against the executives whose firms took part in some of the worst excesses of the subprime mortgage market.
Fortune Sep 07, 2009 Password Hackers Are Slippery To Collar
QUOTE: "This is an important point that people haven't grasped," said Peter Eckersley, a staff technologist for the Electronic Frontier Foundation in San Francisco. "We've been using e-mail for years, and it's been insecure all that time.... If you have any hacker who is competent and spends the time and targets you, he's going to get you."
Washington Post Sep 07, 2009 U.S. expands H-1B fraud case against IT services firm
QUOTE: The U.S. government late last month filed a new, expanded 18-count indictment that now seeks $4.9 million from a New Jersey IT services firm it has accused of fraudulently using H-1B visas.
Computerworld Sep 03, 2009 After Its Madoff Report, Can Victims Sue the SEC?
QUOTE: Howard Elisofan, a partner at Herrick, Feinstein LLP and a former SEC enforcement attorney, launched a legal action against the SEC on behalf of a victim, Phyllis Molchatsky, last December.
Time Magazine Sep 02, 2009 Report Details How Madoff’s Web Ensnared S.E.C.
QUOTE: “despite numerous credible and detailed complaints,” the S.E.C. never took “the necessary, but basic, steps to determine if [Bernard L.] Madoff was operating a Ponzi scheme.”
New York Times Aug 25, 2009 Hawaii to Remove Inmates Over Abuse Charges
QUOTE: Hawaii prison officials said Tuesday that all of the state’s 168 female inmates at a privately run Kentucky prison will be removed by the end of September because of charges of sexual abuse by guards.
New York Times Aug 22, 2009 Reports Revive Debate on Contractor Use: Lawmakers, Critics Warn That Military, CIA May Rely Too Much on Private Firms
QUOTE: The disclosure that the CIA once hired Blackwater USA for elements of an assassination program has brought back into focus the wide range of intelligence and military activities that are being contracted out to private firms.
Washington Post Aug 20, 2009 Lead Sickens 1,300 Children in China
QUOTE: Lead pollution from a newly opened and unlicensed manganese smelter has poisoned more than 1,300 children in southeastern China’s Hunan Province...
New York Times Aug 10, 2009 I Love a Mark in Uniform: Kidnapping. Falsified documents. Hooters nights. Meet the sleazebucket car dealers who prey on our troops.
QUOTE: authorities ranging from local prosecutors to state regulatory boards to the Federal Trade Commission (FTC) to the military itself have done relatively little to address the proliferation of dubious auto sales-and-credit tactics [used on military enlistees].
Mother Jones Aug 07, 2009 A $191 Million Question: How a relationship between an Army official and a private contractor led to allegations of collusion and impropriety
QUOTE: Reforms a decade ago, intended to make the system [procurement system] more efficient and entrepreneurial, had unintended consequences: insufficient oversight, conflicts of interest, unprecedented outsourcing and an endlessly revolving door that leads government officials into the offices of contractors.
Washington Post Jul 26, 2009 Reviews prompt suspension of Iraqi jobs program
QUOTE: The top U.S. aid agency has suspended a $644 million Iraq jobs program after two outside reviews raised concerns about misspending, including an inspector general's audit that found evidence of phantom jobs and money siphoned to insurgents.
USA TODAY Jul 23, 2009 Click Fraud's New Asian Connection: Vietnam may be a new waypoint for pay-per-click scammers.
QUOTE: A report Anchor published Thursday shows that nearly half of all the advertising clicks coming from Vietnam are composed of fraudulent traffic aimed at inflating online publishers' advertising revenue...
Forbes Jul 22, 2009 Blackwater Seeks Gag Order
QUOTE: On July 20, the company's [Blackwater] high-powered lawyers from Mayer Brown... filed a motion in the US District Court for the Eastern District of Virginia to impose a gag order on Iraqi civilians suing the company.
Nation Jul 17, 2009 China reins in more rights activists by seizing computers
QUOTE: In another sign of the Chinese authorities clamping down on civil rights activists, on Friday officials confiscated the computers of lawyers working on last year's tainted milk scandal.
Christian Science Monitor Jul 15, 2009 N.Y. Quadrangle Probe Intensifies
QUOTE: New York Attorney General Andrew M. Cuomo has stepped up his investigation of an investment firm founded by the former head of the Obama administration's autos task force,
Washington Post Jul 15, 2009 Air Force Project Being Probed Is Linked to Murtha: Lawmaker Arranged Earmark for It
QUOTE: The research effort at the Pensacola Air Force base fell apart, however, when investigators found evidence that it was used to improperly pay a series of companies linked to [Rep. John P.] Murtha.
Washington Post Jul 13, 2009 China Broadens Investigation of Steel Industry
QUOTE: The Chinese authorities have detained or questioned at least seven Chinese steel industry executives in a broadening corruption investigation...
New York Times Jul 08, 2009 Treaty Conveys Little Power to Break Swiss Bank Secrecy
QUOTE: A new treaty touted as helping U.S. law enforcement crack Swiss bank secrecy may do little to help authorities achieve a prime objective: exposing tax evaders.
Washington Post Jul 07, 2009 Florida aided Allen Stanford, suspect in huge swindle: Florida regulators -- over objections by the state's top banking lawyer -- gave sweeping powers to banker Allen Stanford, accused of swindling in
QUOTE: Over objections by the state's chief banking lawyer -- including concerns that [Allen] Stanford was laundering money -- regulators granted sweeping powers never given to a private company.
Miami Herald Jul 06, 2009 Report Faults Performance Bonuses for Contractors: Some Agencies 'Unaware' of Policy
QUOTE: Federal agencies have awarded billions in bonuses to contractors regardless of whether the work was deemed satisfactory...
Washington Post Jul 01, 2009 Scam Alert: Home, Stolen Home: Forged deeds can give crooks the keys to your castle
QUOTE: House stealing is a fast-growing and easy scam. Once a home is targeted... scammers find out who owns it by searching public records. To prove how easy this scam is, William Sherman, a Pulitzer Prize-winning reporter at the Daily News in New York, bought the Empire State Building with doctored documents.
AARP Jun 23, 2009 Increase in Native corporation contracts brings Senate scrutiny: CONTRACTS: Analysis reveals only a fifth were done in Alaska.
QUOTE: From 2000 to 2008, only one-fifth of all contracts awarded to Alaska Native corporations were performed in Alaska... last year Alaska Native corporations received 19 percent of all federal contracts awarded to small businesses.
Anchorage Daily News Jun 16, 2009 Synthes, Medical Device Maker, Accused of Improper Marketing
QUOTE: A medical device maker, Synthes Inc., and four of its executives were indicted Tuesday on federal charges that they improperly promoted a bone filler for purposes not approved by the Food and Drug Administration...
New York Times Jun 15, 2009 Microsoft Sues Three in Click-Fraud Scheme
QUOTE: AFTER an investigation that took more than a year, Microsoft has filed its first lawsuit over click fraud, where people manipulate clicks on a Web advertisement.
New York Times Jun 01, 2009 In Cox Years at the SEC, Policies Undercut Action: Red Tape Halted Cases, Drove Down Penalties
QUOTE: After [Christopher] Cox became SEC chairman in mid-2005, he adopted practices that undermined the enforcement division's efforts to investigate cases of corporate wrongdoing and punish those involved...
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