Recently, the New York Times published the results of a survey (conducted by Harris Interactive for the International Herald Tribune and France 24) on the rise of political extremism in Western Democracies during the financial meltdown. An overwhelming majority of people surveyed (65% in Britain & Germany; 53% in the U.S and Italy; 60% in [...]
Tag Archive 'Global Financial Crisis'
Satyam, Maddoff and now Stanford.
Posted in Court on Feb 28th, 2009
Earlier this month, the US Securities and Exchange Commission charged billionaire entrepreneur-cricket promoter Sir Allen Stanford with investment fraud for over $ 8 billion. The SEC has stated the fraud was “based on false promises and fabricated historical return data”. Following the framing of charges, there were several raids by federal regulatory agencies in the [...]