July 2nd, 2009
The US Federal Bureau of Investigation (FBI) has released its top ten news stories for the week, and it was a big week for financial crimes - four of the top ten stories are financial stories. From the FBI's
press release:
1. New York: Bernard Madoff Sentenced to 150 Years in Prison
Bernard L. Madoff was sentenced in Manhattan federal court to 150 years in prison for perpetrating a Ponzi scheme that resulted in billions of dollars of losses to thousands of investor-victims. He was also ordered to forfeit a total...
July 2nd, 2009
ZIMBABWE- HARARE - Zimbabwe’s political, social and economic has created massive wealth and opportunities for the people who deliberately devised ruinous policies. The leading beneficiaries are non other than Robert Mugabe and his personal Banker Gideon Gono.
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June 29th, 2009
Two human rights groups, Committee for the Defence of Human Rights (CDHR) and Socio-Economic Rights and Accountability Project (SERAP), yesterday called on the Federal Government, to urgently begin the prosecution of Halliburton and its officials in Nigeria for their involvement and complicity in the Halliburton $180 million bribery scandal.
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June 17th, 2009
Corruption is not exclusive to Africa, of course. Yet official corruption is bound to be more glaring on a continent where most people live in dire poverty. And the news from Africa, as reported in the International Herald Tribune on June 10 by Celia W. Dugger, is that the fight against such corruption is not going well.
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