Friday, October 21, 2011

Black on White collarcriminalsinusia

William K. Black, author, The Best Way to Rob a Bank is to Own One: How Corporate Executives and Politicians Looted the S&L Industry Democracy Now.

Well, I mean just what we say in the law: fraud is when you use deceit to steal something from someone. And so, the essence of fraud is, I get you to trust me, and then I betray that trust for gain. And as a result, there’s no more effective acid against destroying trust than fraud, particularly at the elite levels. And when you destroy trust, you destroy economies, families, democracies.

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