Universities and investment fraud: knowledge about operational due diligence and investment performance analysis, with a bit of skepticism as well, … An article from: University Business

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Title: Universities and investment fraud: knowledge about operational due diligence and investment performance analysis, w

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Inside the World of Investment Fraud, Scams and Deceptive Practices / Mastering the World of Investment Fraud, Scams and Deceptive Practices (2 volumes)

Volume One: (In six sections)
CITATIONS: Contains words, phrases and deceptive terms, conditions and procedures used by fraudsters. These are defined and described. MEDIA REPORTS: Articles by prominent authors discussing the above citations and how they were promoted by fraudsters and companies. LITIGATIONS: More than 30 actual litigations of fraudsters who promoted scams and illegal investment offers. WHERE TO REPORT FRAUD AND SCAMS: The names, addresses and contact phone numb

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The Guiliano Law Firm Announces Filing of Securities Arbitration and Investment Fraud Claims With FINRA

PHILADELPHIA, PA–(Marketwire – January 11, 2011) – The Guiliano Law Firm announced today they have filed securities arbitration and investment fraud claims with the Financial Industry Regulatory Authority (FINRA) against several national brokerage firms in connection with the sale of defective financial products, including the NNN Capital Opportunity Fund, the IMH Secured Loan Fund, and the …

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Question by michel foucault: Is this a blueprint for the “office powerpath” ?

["The product was new and complex but the deception and conflicts are old and simple," said Robert Khuzami, SEC's director of the enforcement division in a statement.

"Goldman wrongly permitted a client that was betting against the mortgage market to heavily influence which mortgage securities to include in an investment portfolio, while telling other investors that the securities were selected by an independent, objective third party," he said.]

Does the equivalent of this happen in other contexts ?

reference:
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Saturday April 17, 2010, 5:55 am

A US watchdog has charged top investment firm Goldman Sachs with fraud over the sale of a complex mortgage product like those blamed for the financial meltdown.

The Securities and Exchange Commission, in a civil suit on Friday, accused Goldman of "defrauding investors by misstating and omitting key facts" about the product that was based on subprime mortgage-backed securities.

The SEC said Goldman failed to tell investors that a major hedge fund which helped put together the so called collateralised debt obligation (CDO), was actually betting against it.

Paulson & Co, one of the world's largest hedge funds, paid Goldman Sachs to structure a transaction in which it could take speculative positions against mortgage securities chosen by the fund, the commission said in a statement.

The deal, which took place at the height of the mortgage crisis in 2007 and as the country was about to fall into a brutal recession, was said to have cost investors around $US1 billion ($A1.07 billion).

The suit also named Fabrice Tourre, a vice-president at Goldman who helped create and sell the product, which caused ordinary investors to lose about $US1 billion.

"The product was new and complex but the deception and conflicts are old and simple," said Robert Khuzami, SEC's director of the enforcement division in a statement.

"Goldman wrongly permitted a client that was betting against the mortgage market to heavily influence which mortgage securities to include in an investment portfolio, while telling other investors that the securities were selected by an independent, objective third party," he said.

Goldman rejected the charges as "completely unfounded in law and fact".

It said it would "vigorously contest them and defend the firm and its reputation".

The authorities have not ruled out the possibility of other investment banks involved in the alleged fraud or other similar types of fraud.

"The SEC continues to investigate the practices of investment banks and others involved in the securitisation of complex financial products tied to the US housing market as it was beginning to show signs of distress," said Kenneth Lench, head of the SEC's structured and new products unit.

When news of the fraud charges hit the market, Goldman's shares fell rapidly, as low as 15 per cent to $US156.60.>>

Best answer:

Answer by Houston, we have a problem
- The equivalents to this blueprint happen in most forms of human endeavor

Add your own answer in the comments!