Learn more at , and go to to see our plan and join the anti-corruption movement click on sho. From volkswagen’s dieselgate to martin shkreli, the former ceo of turing pharmaceuticals, to sepp blatter, the disgraced former head of soccer’s international governing body, 2015 did not disappoint on corporate scandals. However, its founder, calisto tanzi was accused of questionable accounting practices in 2003 when a €14 billion hole was discovered in the company’s accounting records this resulted in on of the biggest corporate scandals in history as he was selling credit-linked notes to the company and diverting the company’s funds elsewhere.
The corporations hire hoards of lobbyists who dart in and out of lawmakers' offices in washington, leaving behind trails of cash and corruption most lawmakers hardly ever meet with the actual people they claim to represent instead, they spend their time cavorting with corporate rabblerousers who operate based on the simple principle of greed. Scandals in the corporate world, whether centered around corruption, bribery, fraud, or other greed tend to have a significant impact on the economy as a whole, and while most companies are destined to fail at some point, there are a few that do so in such a spectacularly corrupt manner that they make headlines. Corruption is as american as apple pie, or so it would seem a casual survey of the political and corporate landscape in recent weeks alone provides a troubling reminder that corruption is endemic. A casual survey of the political and corporate landscape in recent weeks alone provides a troubling reminder that corruption is endemic to our way of life: sen robert menendez (d-nj) the new chairman of the senate foreign relations committee, is facing a senate ethics probe for accepting two free trips to a dominican republic resort on the private plane of a florida doctor suspected of medicare fraud.
Literally almost wherever you look you can find rampant corruption in america our federal government is corrupt, our state and local governments are corrupt, our corporations are corrupt and unfortunately average americans seem to become more corrupt all the time.
Essentially, corporations will sell out the future for higher profits today, and that's exactly what they've done in america america has no real future not a good one, anyway i give the nation anywhere from 5 to 25 years before it will self destruct under a mountain of debt, disease and corruption.
Thus, political corruption enabled financial corruption (in some cases legalizing it) without regulations and government auditing, the finance sector went wild and engaged in corrupt practices that caused the 2008 crash. Pingback: quantitative easing and the corruption of corpo pingback: quantitative easing and the corruption of corporate america | avid investor group pingback: breaking news and best of the web - dollarcollapsecom pingback: quantitative easing and the corruption of corporate america - affluent investoraffluent investor comments are closed.
Corruption in corporate america seeks to answer these questions, first, by realizing that, to be able to misbehave, chief executives must achieve the support or silence of their boards of directors as well as the gatekeepers who presumably guard the integrity of corporate accounts (ie auditors, legal advisers, financial analysts, investment bankers, and regulatory bodies), and second, by analyzing how each of those participants becomes involved in corporate fraud. Sixty-two percent of americans believe corruption is widespread across corporate america according to transparency international, an anticorruption watchdog, nearly three in four americans believe that corruption has increased over the last three years we should be alarmed that corporate wrongdoing has come to be seen as such a routine occurrence.