Trade union Unite has told Sky News that the Serious Fraud Office (SFO) will investigate a controversial hotel and conference center in Birmingham that cost the union nearly £112 million. The union, which was previously Labour’s biggest donor, says it believes there was “serious financial irregularities” when it was run by leader Jeremy Corbyn. Lynn … Read more
Donald Trump won’t face the corporate death penalty after all. A New York judge on Friday spared the ex-president that worst case punishment as he ruled in a civil case alleging Trump fraudulently misrepresented financial figures to get cheaper loans and other benefits. Still, Trump got slammed hard, facing big cash penalties, outside supervision of his companies and restrictions … Read more
Bonnie and Clyde, Ma Barker, Baby Face Nelson and Willie Sutton robbed banks. When asked by a journalist asked why he did, Sutton famously replied “because that’s where the money is.” If banks’ $3.1 trillion in cash and invested assets draws criminals to steal from banks, the insurance industry’s $10 trillion in assets arguably … Read more