The Justice Department is investigating Standard & Poor’s for improperly rating the garbage mortgage-backed securities that tanked the economy once the world caught on that they were toxic assets. The anonymous folks who leaked this info to the press claim that the inquiry began prior to S&P’s downgrade of U.S. debt, but many have speculated [...]
Related Topics:
Department of Justice,
Fitch Ratings,
Lori Widmer,
Moody's,
Ratings Agencies,
Standard & Poor's
The U.S. Foreign Corrupt Practices Act is not new. Founded in 1977, the act’s main mission has always been to curtail improper accounting practices by companies operating internationally and prevent bribes. Thus, the “corrupt” aspect. In many parts of the world, there is a thin line between a “gift” and a “bribe,” and this regulation [...]
Related Topics:
Butler University,
Crowe Horwath,
Department of Justice,
Foreign Corrupt Practices Act,
Jonathan Marks,
Mike Koehler,
SEC,
Siemens,
Whistleblowers
