It’s going to be a massive transfer of wealth to these financial institutions that are going to go short all of this. It is legal theft on a magnitude and scale that is unimaginable.” The mainstream media is ignoring massive fraud by banks. The latest fraud is the admission by Deutsche...
[euro]7.2billion crime.The deposit transfers were allegedly made to prop up Anglo's books at a time when money was flooding out of the financial institution.Former Irish Life and Permanent (IL&P) executives Denis Casey, 54, and 61-year-old Peter Fitzpatrick each face a fraud charge.Ex-...
Mavrodi looked more like a school PE teacher who had come out of his apartment to take the trash out than a financial bigwig. On the other hand, this could have been his ‘key’ to success in getting people to open their wallets. ...
Financial writer and precious metals expert Bill Holter says they all know what is coming. Holter contends, “They understand that this is going to be the biggest monetary debasement in the history of history. They understand it’s hyperinflation that is on its way. They are late to the gam...
Overview of the biggest data breaches in history, how they happened, the scale of these incidents, and their consequences. Data Breaches Over the Years In today’s hyper-connected world, data breaches have become all too common, leaving millions vulnerable to cyberattacks. This article explores ...
The Biggest Ponzi Schemes in Modern History Some things simply sound too good to be true, but when money is involved, our judgement can become clouded. This is often the case with Ponzi schemes, a type of financial fraud that lures investors by promising abnormally high returns. Money brough...
In the parlance of global IPO history, however, this is peanuts. Initial public offerings are as high as high finance gets. When a well-known, formerly private company goes public, investors clamor for shares. They already know the company's management, they know its earning history, its for...
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Anyway, you can read all about it in the links at the end of this blog, but there’s two other things that come to mind. One, this is the biggest accounting fraud in post-war European history and, two, it involves a licensed and regulated financial firm with not ...
The British aerospace company has been under investigation by British authorities since 1989, making it one of the longestfraud investigationsin history. The main concern surrounded a deal between Britain and Saudi Arabia to supply fighter jets. The investigation spread to BAE's dealings in South Af...