… Read the rest
Printers in this city near the Afghan border say they have produced thousands of fake voter registration cards at the request of Afghan politicians for use in that country’s parliamentary elections on Saturday.
The cards, some shown to The Associated Press, add to evidence that fraud could undermine the elections and further destabilize the Western-backed government of President Hamid Karzai.
A fraud-marred presidential election last year threatened the credibility of the Afghan administration at home and with the Western nations waging war on the country’s resurgent Taliban.
Regulation of voting has been improved, but an influx of fake cards raises the possibility of a person with multiple voter cards voting many times and could still cause problems in an insecure country where monitoring of polling stations will likely be spotty.
Tag Archives | Fraud
Charles Rangel must die, politically that is. He has become an embarrassment to a House Speaker who vowed to “clean the swamp” of Congressional corruption. It took him 80 years but Harlem’s war-hero turned Congressional elder, Charles Rangel, is this week’s media poster boy for all the ills of an institutionally corrupt system.
He must be purged so that honesty can be seen to prevail in an institution that only enjoys a 22% approval rating. Oh, the damage he’s done to the “reputation” of the House. How dare him lie on his rental application–a crime, which if enforced widely—would indict half of his fellow New Yorkers. And never mind, no one is talking of indicting his landlord who winked at the transgression. Remember, wherever there are takers, there are also givers.
So, Charlie must die. He had stuffed his Merc in the wrong parking lot. He has violated every sense of propriety as Michael Wolf noted so earnestly:
“Charlie Rangel, one of the most successful political figures of his generation in New York, is now, in the Washington Post’s estimation, a “pariah.” He’s a pariah partly because—quite unable to believe he is no longer a man of far-reaching influence, a fixer of legendary power—he has down to the wire refused to get out of the way of Democratic efforts to get him out of the way.”
This pariah must die politically to cleanse Washington of its sins.… Read the rest
Is this really the time to give a “get-out-of-jail-free” card to corporate chiefs who can’t resist fraudulently dipping into the honey pot of riches that they have access to? I mean we’re still unraveling (and paying for) the massive frauds perpetrated by the banksters at AIG, Goldman Sachs and their Wall Street cronies and shills in Washington. I suppose it shouldn’t be too much of a surprise that the Supreme Court is in on it too, but the timing shows a particularly callous disregard for public sentiment. Report from the Los Angeles Times:
… Read the rest
A Supreme Court ruling Thursday dealt a severe blow to legislation meant to fight public corruption and also could affect the recent convictions of former Enron chief Jeffrey Skilling and former newspaper magnate Conrad Black.
In ruling on “honest-services fraud,” the justices said Skilling and Black were wrongly convicted on that charge. All nine justices agreed that such fraud was too vague to constitute a crime unless a bribe or kickback was involved.
[disinformation editor’s note: We decided to run this article because of recent wild swings in currency exchange rates resulting from turmoil in the financial markets. We recognize that the author is promoting his website but feel that our readers may still value the information.]
Trading in foreign exchange, or forex, has become increasingly popular in recent years for a variety of reasons. The Internet has become the “Great Facilitator”, but has it also spawned another industry, that of forex fraud?
Unfortunately, the answer to that question is a resounding “Yes”. Foreign currency trading is not immune, not by a long shot. Published figures from federal authorities note that forex fraud has increased dramatically, impacting 26,000 individuals to the tune of $460 million over a period of six years, and that was three years ago. With this kind of “music” playing in the background in the shadows, what must a forex trader do?… Read the rest
What is Congress getting right now? A Philosopher’s Stone? The Holy Grail? The Ark of the Covenant? Your ideas are quite welcome. Zach Carter writes on Alternet:
Late last night, the U.S. Senate rejected the single most important element of Wall Street reform by a vote of 33 to 61.
The SAFE Banking Act would have forced the break-up of the nation’s six largest banks, and dramatically reduced the political clout of America’s financial elite.
The 61 votes against the measure are votes in favor of Wall Street’s stranglehold on our economy.
No matter what else is ultimately enacted in the name of Wall Street reform, Congress has decided that it will not confront the single greatest problem in the U.S. economy: too big to fail.
… Read the rest
On Wednesday, the Senate also voted down a $50 billion Wall Street tax that would have been used to fund the cost of shutting down a major failing bank.
Think that the financial crash has left investment banking hotshots humbler and wiser? Not likely. The National Review blog The Corner has a defiant email that has been circulating over the last couple days among discontented Wall Streeters. Seriously, these people are as douche-y as you imagined:
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We are Wall Street. It’s our job to make money. Whether it’s a commodity, stock, bond, or some hypothetical piece of fake paper, it doesn’t matter.
We would trade baseball cards if it were profitable. I didn’t hear America complaining when the market was roaring to 14,000 and everyone’s 401k doubled every 3 years. Just like gambling, its not a problem until you lose. I’ve never heard of anyone going to Gamblers Anonymous because they won too much in Vegas.
Well now the market crapped out, & even though it has come back somewhat, the government and the average Joes are still looking for a scapegoat.
Let's Give Goldman Sachs Their Own "Shitty Deal" #Plunder #GoldmanSucks #FreeFriday http://bit.ly/cuUXky(If you haven't heard of the "shitty deal" yet read here.) As always the more you Tweet the above phrase, the greater your chances of receiving a copy of Plunder on DVD. Here's the trailer:
Finally! Despite the cozy relationship between the Obama administration’s financial team of Geithner, Summers, et al with their brethren on Wall Street, the SEC reveals that it has the balls to go up against Goldman Sachs. I fear for the job security of senior SEC staffers, but meanwhile they are hurting Goldman where it counts – the firm’s stock price dropped 10% on the announcement, as reported by NPR:
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The government has accused Goldman Sachs & Co. of defrauding investors by failing to disclose conflicts of interest in mortgage investments it sold as the housing market was faltering.
The Securities and Exchange Commission announced Friday civil fraud charges against the Wall Street powerhouse and one of its vice presidents. The agency alleges Goldman failed to disclose that one of its clients helped create — and then bet against — subprime mortgage securities that Goldman sold to investors.
Investors in the mortgage securities are alleged to have lost more than $1 billion, the SEC noted.