SECURITIES MARKETS LET CRIMINALS DOUBLE DIP – VULNERABLE TO FRAUD AND MONEY LAUNDERING
February 1st, 2010
BY KEITH NUTHALL
EVERYONE loves a package deal - especially criminals. The fast-paced international financial securities trade offers a complex business prone to fraud with the means to launder ill-gotten gains at the same time. Keith Nuthall reports.
THE RECESSION has given plenty of examples of how, as Warren Buffet eloquently put it, "only when the tide goes out do you discover who's been swimming naked." The Bernie Madoff scam; the Sir Allen Stanford scandal; India's Satyam fraud - 2008 and 2009 were the years where the sharks were beached. And ...
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