FBI Report for 2011 - 241 convictions of corporate fraud, 394 convictions securities fraud

[banned from Kos]

http://www.fbi.gov/news/stories/2012/february/financial-crimes_022712

Corporate fraud: One of the Bureau’s highest criminal priorities, our corporate fraud cases resulted in 242 indictments/informations and 241 convictions of corporate criminals during fiscal year (FY) 2011. While most of our cases involve accounting schemes designed to conceal the true condition of a corporation or business, we’ve seen an increase in the number of insider trading cases.

Securities/commodities fraud: In FY 2011, our cases resulted in 520 indictments/informations and 394 convictions. As a result of an often volatile market, we’ve seen a rise in this type of fraud as investors look for alternative investment opportunities. There have been increases in new schemes—like securities market manipulation via cyber intrusion—as well as the tried-and-true—like Ponzi scams.

(for the next time some pundit says - "why won't they convict anyone?&quot

[Lint Head]

1. Why is the fraud still being allowed?

Accountants doing embezzlement happens all the time. Goldman Sachs executives are still screwing us royally.

[banned from Kos]

3. Goldman is not "screwing us" - they don't have a consumer business

they don't want our money.


Unless you have a $300 million debt offering to float.

[Lint Head]

4. They have hedged the economy into the ground directly impacting us all.

[Enrique]

2. it sounds like a lot, but...

http://trac.syr.edu/tracreports/crim/267/