Monday, July 28, 2014

We Don't Need No Stinking Regulations.

We Don't Need No Stinking Regulations. 

Government regulations often overreach and complicate the lives of the governed but, as long as avarice exists in the human animal, they are necessary.


Just a few
:


Dayton Daily News
  1. Allegations mount at area charter

    1. Teachers say school tampered with tests, attendance records.

One former student says school officials paid him and a friend $20 each to fill in hundreds of standardized test forms. A parent of another former student says her daughter earned a stellar attendance record when she didn’t go to class for months.

The Enron scandal, revealed in October 2001, eventually led to the bankruptcy of the Enron Corporation, an American energy company based in Houston, Texas, and the de facto dissolution of Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world. In addition to being the largest bankruptcy reorganization in American history at that time, Enron was attributed as the biggest audit failure.

NEW YORK (Reuters) - The liquidators of two Bear Stearns hedge funds filed a lawsuit on Monday against the three major U.S. rating agencies, accusing them of fraudulently assigning inflated ratings to securities in the run-up to the financial crisis.
The lawsuit seeks to recover damages from Moody's Investors Service, Standard & Poor's and Fitch Ratings in connection with more than $1 billion in losses sustained by the hedge funds. http://www.huffingtonpost.com/2013/11/11/moodys-sp-fitch-sued-_n_4255152.html
  1. Defense Contracting Fraud

    1. Being in the Hampton Roads region (which includes Newport News, Hampton, Norfolk, Virginia Beach, Chesapeake, Suffolk, York County and Williamsburg), there is significant amount of military in the area and, as a result, government contracts.

    2. Billions of dollars have been recovered as a result of fraud committed against the government involving government defense and construction contracts, including fraud against the Department of Defense (DoD). - See more at: http://antifraudlawgroup.com/defense-contracting-fraud/#sthash.Y6r2bXRD.dpuf


Compiled by Paul Hunter

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