European Banks Settling Mortgage Securities Fraud Cases
Both German Deutsche Bank and Swiss Credit Suisse are settling charges with the U.S. government over their involvement in fraud in the mortgage market.
JPMorgan Pays $264 Million Fine For Bribing Chinese Officials
The latest payment of $264 million comes after JPMorgan hired the relatives of Chinese government officials to win business in China.
FBI Statement Exposes Clinton’s Numerous Lies About Email Use
FBI Director Comey directly contradicted Clinton’s public claims regarding the private server and her email practices while serving as secretary of state.
Koch Brothers Twisting Criminal Justice Reform To Help Corporate Criminals
After publicly supporting criminal justice reform, Koch Industries is now tying their aid to new rules to help corporate criminals avoid prosecution.
Despite DOJ’s Promises, No Boeing Executives Prosecuted For Fraud Scheme
The Department of Justice has now failed a second time to bring criminal charges against corporate executives who broke the law, after announcing a new policy of bringing charges against corporate executives who broke the law. The first failure was DOJ giving corporate executives at General Motors (GM) a complete pass
Former Fed Chair Bernanke Says Bankers Should Have Been Jailed For ’08 Crash
Former Federal Reserve Chairman Ben Bernanke, who engaged in his own questionable conduct while head of the Fed, has now said that individuals should have gone to jail for engaging in the financial crimes that led to the 2008 financial crisis. Bernanke’s statement came last week during a book promotion
Volkswagen Emission Scandal May Lead To Industry-Wide Probe
German automaker Volkswagen has now admitted to installing software in its vehicles to cheat US pollution admission tests and has claimed that 11 million of its cars worldwide contain the software. The company announced it would set aside $7.3 billion to pay the costs of fixing the cars so they can actually pass an emissions test.
SEC Commissioner’s Husband Caught Marketing Influence
The law firm that employs John W. White, husband of Mary Jo White, Chairperson of the Securities and Exchange Commission (SEC), has changed its marketing material after being scrutinized for the way the firm advertised its connections to regulators. The firm, Cravath, Swaine & Moore, was trumpeting John White’s work for an advisory group to the influential Public Company Accounting Oversight Board (PCAOB) just as Mary Jo White, in her capacity as SEC chair, is considering candidates to lead the PCAOB.
DOJ Fails To Bring Charges Against GM Executives Despite Promises
Last week, the Justice Department announced they were changing their policy on letting corporate executives walk away scot-free without criminal charges. This week, the Department of Justice announced it will let every executive of General Motors (GM) walk away scot-free with no criminal charges for defrauding consumers and misleading regulators on a faulty ignition switch that killed over 120 people.
DOJ Claims Corporate Executives Will No Longer Be Above Law
After years of being mocked and ridiculed for failing to prosecute even one of the major Wall Street criminals that brought the global economy to its knees in 2008, the Justice Department now claims it will finally start enforcing the law on cases that involve criminal wrongdoing by corporate executives.