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CROOK ALERT!! Scams and Skulduggery

Updated on July 30, 2009

Crook Alert!!

This Hub will endeavor to provide a source for recent and current instances of proven or investigations of malfeasance by corporations and their officers in the tradition of Enron and WorldCom.

The first fhree entries linked below are from this morning's NY Times (11-1-06).

The fifth entry linked is an article by NYT business columnist Ben Stein entitiled "Has Corporate America No Shame?, Or No Memory?" Stein points out that Bush Treasury Secretary, Henry Paulson, former Goldman Sachs CEO, has recently convened a business-friendly blue ribbon panel including several professors who served Republican administrations and John Thornton, also a former Goldman Chairman, to investigate whether the SEC, the courts and prosecutors like Elliot Spitzer are being too tough on corporate miscreants. Stein says the panel's assigned mission appears to be to recommend legislation limiting the scope of investigations into corporations and their accounting firms and lawyers. Why did I expect more from Henry Paulsen? Apparently he's no Robert Rubin who also came from Goldman but as a Clinton appointee.

Incredibly, the Paulson deregulation report was paid for, in part, by a $500,000 donation to Harvard University by none other than Hank Greenberg who was ousted from his job as chairman of insurance giant AIG for ethically questionable and probably illegal activities uncovered by New York attorney general, Eliot Spitzer. The other half of the cost of the report was paid for by another individual who requested anonymity. I wonder who that might be? I can only guess why he requested anonymity. Whatever their merits, the report;s recommendations have been undercut by the revelation last week by NY Times lead financial columnist Floyd Norris of Greenberg's financing of it. Paulson's deregulation program is likely to be D.O.A. with the new Congress.

The Bush Supreme Court is currently working on the issue of issue of "excessive" punitive damage awards in civil suits against cigarette companies.

Republicans have asked the Government Accountablity Office (GAO) to investigate the Interior Department's management of royalty payments from the oil and gas industry. The Inspector General of the Interior Department said that the agency's top management had encouraged a "culture of cronyism, ethical lapses and poor management."

Franklin Raines and Timothy Howard, Fannie Mae Malefactors
Franklin Raines and Timothy Howard, Fannie Mae Malefactors

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    • Ralph Deeds profile image
      Author

      Ralph Deeds 6 years ago from Birmingham, Michigan

      Thanks for your comment.

    • profile image

      elena 6 years ago

      crook nyc atty sidney davidoff split an unreported settlement with thief miami atty kendall coffey.

      both will be facing civil litigation for 35 million lost revenue plus penalties.

      stay away from them..they are shockingly dishonest liars and tax dodgers..they will robbed shamelessly any client

    • Patty Inglish, MS profile image

      Patty Inglish 10 years ago from USA. Member of Asgardia, the first space nation, since October 2016

      VERY good hub.

    • profile image

      IĆ°unn 11 years ago

      good hub

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