Posts Tagged ‘fraud’

Bernie Madoff: Don’t Have Money

Posted by admin on Wednesday, April 14, 2021

Bernie Madoff Money Quote saying in 2008 to long-time aide Frank DiPascali that there was no way to save the Ponzi scheme he’d built from investor fraud. The former NASDAQ chairman died in Federal prison April 14, 2021. Bernie Madoff said:
 
I’m at the end of my rope, I don’t have any more goddamn money. The whole goddamn thing is a fraud Quote
 

“I’m at the end of my rope, I don’t have any more goddamn money. The whole goddamn thing is a fraud” — Bernie Madoff

 

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Andy Green: Wells Fargo Fraud & KPMG

Posted by admin on Saturday, August 19, 2017

Andy Green Money Quote saying few have asked why outside auditors (KPMG) didn’t call attention to Wells Fargo fraudulent sales practices. Andy Green said:
 
There’s been far too little attention since the [Wells Fargo] crisis  on how the external auditors [KPMG] should be looking out for the public. They are not just bookkeepers, but the investors’, and the capital markets’ last defense against accounting manipulation and fraud Quote
 

“There’s been far too little attention since the [Wells Fargo] crisis on how the external auditors [KPMG] should be looking out for the public. They are not just bookkeepers, but the investors’, and the capital markets’ last defense against accounting manipulation and fraud” — Andy Green

 

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Bernie Sanders Wells Fargo business model fraud
 

Elizabeth Warren: Bank CEO Massive Fraud

Posted by admin on Wednesday, October 12, 2016

Senator Elizabeth Warren Money Quote saying about former CEO of Wells Fargo Bank, John Stumpf that he should face prosecution for fraud. Senator Elizabeth Warren said:
 
A bank CEO should not be able to oversee a massive fraud & simply walk away to enjoy his millions in retirement Quote
 

“A bank CEO should not be able to oversee a massive fraud & simply walk away to enjoy his millions in retirement” — Elizabeth Warren

 

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Maxine Waters: Wells Fargo to be Broken Up

Posted by admin on Thursday, September 29, 2016

Maxine Waters Money Quote saying as ranking democrat on House Financial Services Committee that she will move forward with action to break up Wells Fargo Bank. Maxine Waters said:
 
Wells Fargo should be broken up. It's too big to manage. ... some of the most egregious fraud we have seen since the foreclosure crisis. I'm moving forward to break up Wells Fargo bank Quote
 

“Wells Fargo should be broken up. It’s too big to manage. … some of the most egregious fraud we have seen since the foreclosure crisis. I’m moving forward to break up Wells Fargo bank” — Maxine Waters

 

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Bernie Sanders: Wells Fargo Business Fraud

Posted by admin on Sunday, September 25, 2016

Bernie Sanders Money Quote saying when Wall Street banks fraudulently open fake accounts to inflate stock prices, it is criminal behavior. Bernie Sanders said:
 
Bernie Sanders Business model of Wall Street is fraud. In my view, there is no better example than the recently-exposed illegal behavior at Wells Fargo quote
 

Business model of Wall Street is fraud. In my view, there is no better example than the recently-exposed illegal behavior at Wells Fargo” — Bernie Sanders

 

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Bernie Sanders Wells Fargo business model fraud
 

William Black: Weapons of Mass Destruction

Posted by admin on Monday, February 9, 2015

William Black Money Quotation saying controllers are usually seen as harmless bean counters, when they are often dangerous financial criminals. William Black said:
 
William Black Control fraud is what happens when the people who control, typically a CEO, a seemingly legitimate entity, use it as a weapon to defraud, and these are the weapons of mass destruction in the financial world quote
 

“Control fraud is what happens when the people who control, typically a CEO, a seemingly legitimate entity, use it as a weapon to defraud, and these are the weapons of mass destruction in the financial world — William Black

 

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George Washington: Cash Ruins Commerce

Posted by admin on Tuesday, August 19, 2014

George Washington Money Quotation saying his concerns over effects of paper money ruining business via fraud. George Washington said:
 
Paper money ruin commerce, open door to fraud & injustice Quote
 

“Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice” — George Washington

 

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