Browsing Tag

fraud

A further definition of terms

In January, I wrote Definition of terms which defined kleptocracy, looting, crony capitalism, propaganda and ideology.  Here are four more terms relevant to today: Bezzle To the economist embezzlement is the most interesting of…

Chanos: Where are the perp walks?

The New York Observer has a wonderful interview with Jim Chanos out today. In it, he talks about probable fraud and criminality at Lehman. I want to use his comments as a lead-in to a wider discussion about fraud and criminality in…

Bank Fraud 101: How to Rob A Bank

This is a post from John Lounsbury. Charles J. Antonucci Sr., the former president and chief executive of the Park Avenue Bank of New York, made a desperate move to try to save his bank with the infusion of TARP funds. TARP refers to the…

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