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Most Corrupt Professions-

Started by Palehorse, April 30, 2010, 10:28:24 AM

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Palehorse

According to the Daily Beast here they are -

http://www.thedailybeast.com/blogs-and-stories/2010-04-28/the-most-corrupt-professions/#gallery=1564;page=1

Quote

1 UTILITIES

Real Scandal: From 2005 to 2006, energy giant FirstEnergy was getting in increasingly deep water with the feds. The company was facing criminal charges for an alleged 2002 cover up of a reactor head ready to blow at its Davis-Besse nuclear plant in Ohio. In January 2006 FirstEnergy ponied up $28 million, on top of a previous $5.45 million penalty, to make the criminal charges go away. The cost of the replacement reactor head? $605 million, according to the Toledo Blade.

2 WALL STREET / SECURITIES

Bernard Madoff: two words say it all. Madoff piloted the most devious Ponzi scheme ever, finding new suckers to give him money as he paid (some) old ones off, eventually defrauding his investors of an estimated $18 billion. He'll now finish his life in prison.

3 TELECOMMUNICATIONS

The story of telecom beast WorldCom epitomized the first wave corporate scandals that bookended the 2000s. Originally called Long Distance Discount Services, WorldCom in the 1990s used strategic acquisitions to go from mid-level player to king of the mountain. And sitting atop was WorldCom CEO Bernie Ebbers. But all of a sudden, in the late 1990s, technology wasn't so profitable anymore. Billions of dollars were unaccounted for in WorldCom's financial ledger, plucked out of air by Ebbers and other WorldCom executives to quell investors. Officials finally decided WorldCom had been claiming $11 billion it didn't have. WorldCom filed for the then-biggest bankruptcy in the United States, and Ebbers was convicted of securities fraud and conspiracy. A different Bernie has since supplanted Ebbers as the nation's requisite bad guy, but for a while, Bernard Ebbers was public enemy No. 1.

4 CONSTRUCTION

Texas-based construction company Fluor has prominent anti-corruption policies, including a relationship with Transparency International. That's good for a global company dealing in countries where ethics rules are sometimes undefined. But here on U.S. turf, three former Fluor employees in Richland, Washington were indicted last week for fradulently charging about $560,000 in goods and services. They allegedly weren't using just any old stolen credit card, either. The charges claim it was a credit card issued by the federal government and distributed by Fluor for work-related purchases.

5 MEDIA

After a series of articles on Salon.com in 2001 exposed pay-for-play practices by major radio station companies, particularly Clear Channel, not much happened. Although stations are required to say when they are playing a particular song because they were paid by a record label to do so, radio stations flouted the rule. Then-New York Attorney General Eliot Spitzer stepped in four years later, and the pressure mounted on stations to comply with the law. Four major chains, including Clear Channel, paid out $12.5 million in 2007 and agreed to play 4,000 hours of music (roughly 167 days' worth) produced by independent labels to settle the suit brought by Spitzer.

6 MINING AND MATERIALS

Indonesian officials made out like bandits from 1998 to 2004, netting $20 million to $30 million from Phoenix-based Freeport-McMoRan, one of the most recognizable names in the copper and gold mining business. According to a 2005 expose in the New York Times, Freeport made the payments directly to local military commanders, sometimes without documentation. The payments were strongly encouraged by a powerful military commander, then-Gen. Prabowo Subianto. If substantiated, the actions uncovered could have violated the Foreign Corrupt Practices Act. "Our books and records are transparent and accurately reflect the support that we provide," the company told the Times. Charges against Freeport have not been filed.

7 LENDING / TRADITIONAL BANKING

JPMorgan Chase has been coming up roses during the financial mess, snatching up rivals at discount rates and fully paying back government bailout funds. But there's at least one incident that came to light last year that the company would rather forget. It began with $3 billion and a dream—to refinance the Jefferson County, Alabama sewer system while the county was facing bankruptcy. But for the bank to secure its place as underwriter of the bond, bribes totaling $8 million were paid by JPMorgan employees and others to friends of local elected officials, according to Securities and Exchange Commission charges. JPMorgan settled the case without admitting wrongdoing, waived proposed fees of $647 million, paid the county $50 million and was slapped with a $25 million fine.

8 INSURANCE

The Travelers Companies, the largest U.S. supplier of business and commerical auto insurance, agreed to settle a class-action suit in late 2007. The case involved charges of submitting false bids and conspiring with an insurance broker for contingent commissions. The conditions of the arranged settlement also ended the investigations of six state attorneys general who were looking into the company's "compensation and insurance placement." Total cost for the clean slate settlement? $77 million.

9 RETAIL

Shelf space at Home Depot is valuable territory, but in 2006 certain Home Depot managers began lining thier pockets in exchange for lining customers' floors with specific products. The fraud became public in 2007, when the retail behemoth fired four of its buyers for taking bribes. Federal prosecutors looked into the kickbacks, as well as mail fraud, wire fraud and money laundering. Three of the managers involved pled guilty in 2009, in addition to two others who were implicated in a similar scheme and had allegedly collected more than $8 million from suppliers.

10 FOOD, DRINK, TOBACCO

In the last year and a half, four purchasing managers at some of the nation's largest food manufacturers—Kraft, Frito-Lay, Safeway and B&G Foods—have admitted to taking bribes. The owner of SK Foods, one of the largest tomato purveyors, is thought to be at the center of the far-reaching fraud that involved selling millions of pounds of defective tomato products. Frederick Scott Salyer was arrested on February 4 in New York City and indicted weeks later on charges of racketeering, fraud and obstruction of justice. Salyer was fingered in 2008 following the wiretap of a conversation in which he promised one of the purchasing managers to help with tax payments. The bribery accusations stem as far back as 1998, and SK Foods dissolved in bankruptcy last year.

11 MANUFACTURING

Glenview-based Illinois Tool Works was ordered to pay $142,000 in civil restitution over charges by the Commerce Department that it exported chemicals to Brazil without the correct licenses. The exported chemicals had potential commercial uses, but were also known to be used in the building of chemical weapons. Tool Works did not confirm or deny the allegations in agreeing to pay the fine.

12 HEALTH CARE

Health care fraud is relatively common and incredibly expensive. The most common method is pilfering identities, which contributes to the estimated $100 billion that is skimmed from the system every year, according to the National Health Care Anti-Fraud Association. Earlier this week, two Texas doctors pled guilty to fraud and conspiracy related to nearly a decade of charging for pain-management care that was never performed. The duo, a married couple, face eight and 15 years in prison, respectively. Meanwhile, Terrence Hicks in Jackson, Mississippi was sentenced to 40 months in jail and a $5 million restitution fine last Monday after pleading guilty to one count of health-care fraud. According to the district court indictment, Hicks bribed Medicare beneficiaries with cash in exchange for claiming to receive medical services from two clinics that were filing bogus claims with Medicare.

. . .

And the list goes on to include the defense industry, drugs and biotech, computer hardware/software. . .

It would seem there is no place to go to escape it. . .
R.I.P. - followsthewolf - You are MISSED! 4/17/2013

That which fails to kill me. . .should run!

Any "point" made by one that lacks credibility, is only as useful as toilet paper; and serves the same purpose. ~ Palehorse 4/22/2017

May you find charity when it is needed, and the ability to extend it when it is not. ~Palehorse 7/4/2012

To the last, I grapple with thee; From Hell's heart, I stab at thee; For hate's sake, I spit my last breath at thee.~Herman Melville

Moonglow

capitalist pigs(I saved that one from the '70's)

The Troll

  The most corrupt professions.  Is the American Bar Association.  A Union of brothers and sisters, thousand of lawyers with their evil hands into everything.  Tell me one corrupt corporation, business and entity doing corrupt business in this country that doesn't have lawyers handling the  mess.

  Washington, congress, over 90% lawyers.  Lobbyist, over 90% lawyers.  They make the laws and put loopholes in them so they can make billions of dollars off of the public.

  My friend it's the LAWYERS.  :waaa:  :waaa:  :mask:  :rant:  LAWYERS!

me

Quote from: The Troll on April 30, 2010, 12:19:27 PM
  The most corrupt professions.  Is the American Bar Association.  A Union of brothers and sisters, thousand of lawyers with their evil hands into everything.  Tell me one corrupt corporation, business and entity doing corrupt business in this country that doesn't have lawyers handling the  mess.

  Washington, congress, over 90% lawyers.  Lobbyist, over 90% lawyers.  They make the laws and put loopholes in them so they can make billions of dollars off of the public.

  My friend it's the LAWYERS.  :waaa:  :waaa:  :mask:  :rant:  LAWYERS!
Hum, Obama's a lawyer.   :o
Trump 2020

Palehorse

Quote from: me on April 30, 2010, 06:51:16 PM
Hum, Obama's a lawyer.   :o

26 Presidents were lawyers before assuming office. What's your point?

http://www.infoplease.com/ipa/A0768854.html
R.I.P. - followsthewolf - You are MISSED! 4/17/2013

That which fails to kill me. . .should run!

Any "point" made by one that lacks credibility, is only as useful as toilet paper; and serves the same purpose. ~ Palehorse 4/22/2017

May you find charity when it is needed, and the ability to extend it when it is not. ~Palehorse 7/4/2012

To the last, I grapple with thee; From Hell's heart, I stab at thee; For hate's sake, I spit my last breath at thee.~Herman Melville

me

Quote from: Palehorse on April 30, 2010, 06:55:52 PM
26 Presidents were lawyers before assuming office. What's your point?
None just diggin' at Troll fer sumpin' ta du.   :razz:
Trump 2020

The Troll

Quote from: me on April 30, 2010, 06:51:16 PM
Hum, Obama's a lawyer.   :o

  Yeah, dumbutt,  Obama is a lawyer.  When he got out of Harvard, he went to work for the poor  and downtrodden people.   :angel: :yes:

   I am waiting for you to tell me that you got two lawyer friends and they have told you that their not crooks.  Seen like you got friends every where and you know a little tiny bit about everything someone else has told you.  :kick:

The Troll :seeya2:

me

Quote from: The Troll on April 30, 2010, 08:32:32 PM
  Yeah, dumbutt,  Obama is a lawyer.  When he got out of Harvard, he went to work for the poor  and downtrodden people.   :angel: :yes:

   I am waiting for you to tell me that you got two lawyer friends and they have told you that their not crooks.  Seen like you got friends every where and you know a little tiny bit about everything someone else has told you.  :kick:

The Troll :seeya2:
Nope, hate to disappoint ya but I have no attorney friends just acquaintances that I had to work with from time to time in my former occupation.  I don't have a very high opinion of most attorney's my darn self.  And yes, I have a few close friends and many acquaintances because I've always worked with the public and doing that you develop what is referred to as a large circle of friends. 

                           
Trump 2020

The Troll

Quote from: me on May 01, 2010, 01:05:19 AM
Nope, hate to disappoint ya but I have no attorney friends just acquaintances that I had to work with from time to time in my former occupation.  I don't have a very high opinion of most attorney's my darn self.  And yes, I have a few close friends and many acquaintances because I've always worked with the public and doing that you develop what is referred to as a large circle of friends. 

                           
                                                              [/quote


                                                          :nocomment:

me

Trump 2020

Sandy Eggo

Only after the last tree has been cut down. Only after the last river has been poisoned. Only after the last fish has been caught. Only then will you find that money cannot be eaten. - -Cree Indian Prophecy

"Women who strive to be equal to men lack ambitition" -- anonymous

The Troll

Quote from: me on May 01, 2010, 09:59:11 AM
Hey Troll   :kissit: :finger2: :finger01:

  Some people equate pink elephants with alcohol.  Well I equate them with stupid dumbass Republicans and the like thinking followers, teabagger and so on.  So here goes "ME", just for you.

:2cents: :wall: :wacko: :jester: :bs: :pink: :pink:  :pink: :pink: :blah:  :blah:  :dig: :bsflag: :kick: :rotfl:

The Troll :devil4: :rotfl: :no1:  :flag: :rotfl:  :rotfl:  :rotfl:  :rotfl: :trustme:  :kissit:

 

The Troll





                                                      :kick:
                                                     "ME"    me

                                         :laugh: :laugh: :rotfl: :rotfl: :stirthepot:

                                               The Troll  :no1:

The Troll

  Just thinking,

                                                "ME"   :devil4:   Troll


                                                 "ME"   :wall:   Solid rock

                                                 "ME"   :toilet:  the plumber

                                                 "ME"  :kickcan: :kickcan: :kickcan:  when she unhappy

                                                 "ME" when she wants to hide,  :spot:

                          Troll when he thinks of me  :rotfl: :rotfl: :rotfl: :bliss:  :bliss:

                                                      :dark: :seeya2:

                                               

The Troll