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War in All But Name as US State Department Offers Bribes to Pirates

War in All But Name as US State Department Offers Bribes to Pirates

  by Thomas L. Knapp If at first you don’t succeed, spread some money around. The Financial Times reports that the US State Department is offering cash bribes to captains of Iranian ships if they sail those ships into ports where the US government can seize them. The offers are funded from a “Rewards for […]

I’m Shocked — Shocked! — that Wealthy Parents Love Their Kids, Too

I’m Shocked — Shocked! — that Wealthy Parents Love Their Kids, Too

  by Thomas L. Knapp In the film version of Forrest Gump (but not, if memory serves, in the novel), Forrest’s mother tries to convince the local elementary school principal that her son belongs at  his local elementary school rather than at an institution for what we would now call “special needs” students. The two […]

Employee convicted in short-sale scheme after bilking Bank of America for 5.7 million

Employee convicted in short-sale scheme after bilking Bank of America for 5.7 million

By Jennifer Felten A former Bank of America employee has been sentenced to 30 months in federal prison after pleading guilty to taking more than $1.2 million in bribes to approve artificially low-price short sales of properties on which the bank held mortgages. In addition to the prison term, Kevin Lauricella was ordered to pay […]