Corporate Corruption
Corzine resigns from MF Global amid mounting probes
By Bill Van Auken, November 5, 2011
Jon Corzine, the former New Jersey Democratic senator and governor, resigned as CEO of MF Global, amid multiple probes into possible criminal violations at the bankrupt investment firm.
Former billionaire hedge fund manager convicted of insider trading
By Bill Van Auken, May 13, 2011
The conviction of former hedge fund manager Raj Rajaratnam on insider trading charges does not even touch upon the rampant financial swindling that produced the economic meltdown of 2008.
Madoff lawsuits charge JPMorgan and HSBC with complicity in Ponzi scheme
By Andre Damon, December 18, 2010
Two years after the arrest of Bernard Madoff, ample evidence has emerged that a number of major financial institutions profited from and knowingly facilitated his Ponzi scheme.
First arrest in high-profile insider trading investigation
By Andre Damon, November 27, 2010
The US government has arrested an investment research firm employee in the first charge related to an ongoing federal insider trading investigation.
Supreme Court agrees to hear appeal of Enron’s Jeffrey Skilling
By Joe Kishore, October 16, 2009
The decision by the US high court to hear the Skilling case indicates that it is considering curtailing use of the “honest services” law to prosecute corporate fraud.
The Enron verdicts: corruption and American capitalism
By Joe Kay, May 29, 2006
The guilty verdicts handed down by a Houston jury last week against former Enron chiefs Kenneth Lay and Jeffrey Skilling provide an opportunity to evaluate the significance of the company’s rise and fall within the context of American capitalism.
Former CFO testifies in Enron case
By Joe Kay, March 10, 2006
Former Enron chief financial officer Andrew Fastow continued testimony on Thursday in the trial of the company’s former CEO Ken Lay and former president Jeffrey Skilling. Fastow testified that Lay and Skilling were personally involved in the various illegal activities, accounting manipulations, and fraudu
Enron tapes expose blatant criminality of corporate America
By Rafael Azul, June 15, 2004
The recent release of transcripts of taped conversations among Enron electricity traders in the summer of 2001 reveals that company insiders not only knew they were stealing from California and other states, but gloated about it. The partial release of thousands of hours of tapes is a powerful indictment of
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