Nikesh A. "Nik" Patel, the hotelier and banker hit with federal fraud charges , has been a prolific political donor this year.
Operation Deimos
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Plus, Retina Display iMacs, smack talk from Larry Ellison, monster leeches and robot octopi! 
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New York trial ends as jurors decide Jordan-based bank knowingly financed payments for families of suicide bombers A US jury said on Monday Arab Bank Plc provided material support to Hamas, and must therefore compensate the victims of two dozen...
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I thought that the government rescue of General Motors initiated by the George W. Bush administration and expanded by Barack Obama was ill-advised.
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The letter writer calls those who want to maximize profits as "psychotic with greed" but calls businesses that provide goods and services as "urban blight" and "cruel and inhuman punishment."...
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Barclays’ dark pool seems to have catered to high-frequency traders, the very participants it claimed to protect against, a lawsuit contends.
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The Guardian Glencore tax bill on $15b income: zip, zilch, zero Sydney Morning Herald The aggressive tax avoidance tactics of Glencore Coal International Australia Pty Ltd have been identified in an independent analysis of the company's accounts...
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According to Reuters: The U.S. Treasury Department estimates that it loses about $100 billion a year in revenue due to offshore tax haven abuses.- Reuters
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Bank introduces daily fees in shake-up of overdrafts. A shake-up of overdrafts at Barclays, which took effect this week, could result in some people paying four or five times more than they did before, it is claimed.
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Commentary: program bills are excessive, but don't expect reforms.
Anonymous Hades's insight:
A year-long investigation by the Center for Public Integrity has revealed that health insurers may have fleeced taxpayers out of $70 billion in just five years.
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Bank of America's mortgage settlement is said to be deadlocked. | The manager of Harvard's endowment plans to step down. | A.I.G. has named its next chief executive.
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The International Olympic Committee, deeply perturbed by the pace of preparations, has installed itself in Rio. The Olympics have, so far, been able to weather the lateness of Athens 2004, the protests at Vancouver 2010, and, at Sochi 2014, the negative impact of a host country that condones homophobia and later annexes territory. But Rio 2016 may be a bridge too far.
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CHARLESTON – West Virginia Treasurer John Perdue has been named in a lawsuit related to a 2010 fraud scheme that resulted in the state sending about $1.5 million to bogus Kenyan corporations. Wells Fargo Bank, formerly known as Wachovia Bank, filed the complaint against Perdue in Kanawha Circuit Court.
Anonymous Hades's insight:
The banking industry is rife with con-artists, fraudsters and Ponzi schemers. If we don't start jailing these parasites, they'll going to keep committing financial fraud without remorse.
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Banks and regulators have still not found a way to be sure of stopping traders from manipulating Libor, foreign exchange and other benchm
Anonymous Hades's insight:
In this case, there's no mystery or puzzle to be solved. Stiff prison sentences will go a long way toward reducing the culture of criminality in the banking industry.
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Chinese and European regulators crack down; PBOC readies for possible changing of the guard; European private lending down.
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City regulator slaps bank with record fine, the latest in a string of penalties, for failing to separate clients assets properly. Barclays is to be fined £38m for breaching City rules requiring clients funds to be kept separate from its own assets,...
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Barclays, Deutsche Bank executives to testify at tax avoidance hearing MarketWatch WASHINGTON (MarketWatch) -- Executives from the Barclays Capital division of Barclays (NYSE:BCS) and the Deutsche Bank Securities unit of Deutsche Bank (NYSE:DB)...
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Casablanca (Morocco) (AFP) - The scene was like an earthquake, but residents say the collapse of three buildings last week in Casablanca that killed 23 people was the...
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Multi-millionaire Nick Hanauer is no dummy. He sees the writing on the wall.
Anonymous Hades's insight:
Someone's going to Hell for horribly abusing the public trust. It's just a matter of time.
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A former Dutch bank trader pleaded guilty Tuesday to conspiracy involving manipulation of a financial benchmark used to set rates on trillions of dollars in loans worldwide.
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Iran executes the central player in a banking scandal that shocked the country in 2011.
Anonymous Hades's insight:
Story via #OpDejaVu.
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Pope Francis on Monday denounced those getting rich through speculation in financial markets, calling on them to use their investments for the good of humanity.
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Bailout Economics: Predators Still Fattening on Prey Huffington Post Despite evidence of widespread interconnected mortgage lending, securitization, and foreclosure wrong-doing and fraud, there are no meaningful felony indictments of senior...
Anonymous Hades's insight:
The parasites of the #finance industry have had their way but, sooner or later, #consumers must demand the end of legalized #crime in the financial sector.
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As outrageous as the Libor rate-fixing scandal was, it pales in comparison to the little-known "Libor Bubble."
Anonymous Hades's insight:
Banksters and the many profiteers who use "fuzzy math" when investing other people's money act like they won't be satisfied until they ruin the financial prospects of the investors who do business with them.
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Companies saving billions through offshore tax havens, report says Charleston Gazette Major American companies avoid paying about $90 billion in taxes every year by shifting profits to subsidiaries that are based in overseas tax havens,...
Anonymous Hades's insight:
This is more proof that the backstabbers of corporate personhood are more interested in keeping everyone else broke while stuffing their pockets. It's no wonder that decent people despise the very ground upon which they walk.
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