WORLDWIDE CORRUPTION 2009
When istealyourmoney™ began in 2008 the financial picture for six countries was presented to illustrate international monetary inequality. Corruption is endemic therefore it would be impossible to list endless capitalist exploitation. For a grand finale I feel I must remind people how global monetary inequality continues. This page will conclude my documentation of corruption. Despite the finality of this series you can be sure without doubt that while capitalism persists masses of people continue to be exploited. Corruption is endless. Everyday there is ALWAYS a capitalist business profiting from plebs. Thousands of corrupt bosses receive gargantuan wages with big bonuses. Wage inequality is abusive. Naturally we see examples of extreme corruption. This is a small drop in a cruel ocean.
Victorious Beauty -
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► Seven days of Corruption Worldwide...
May 21, Greece. Former employees from Athens branch of engineering firm Siemens have been arrested. They will be tried on charges of bribery and money laundering regarding contracts with Greek telecoms group OTE. Greek politicians are said to be involved but no politicians are being prosecuted. Former Siemens director Prodromos Mavrides (in custody) denied any criminality.
May 21, South Korea. Democratic Party lawmaker Choi Chul-
May 22, United Kingdom. Revelations are ongoing about numerous Members of Parliament corruptly and extravagantly abusing their expense accounts. This corruption regarding three main political parties has caused voters to become extremely disillusioned with politics. Some Parliamentarians say they will resign. The police are considering investigations for fraud. Social commentators have described this corruption as the death of politics because voters are unable to trust their representatives.
May 22, U.S. (Puerto Rico). Businessmen Jose Freyre and Miguel Franco pleaded guilty at their corruption trial and avoided a prison sentence: they were sentenced to six months house arrest plus $5,000 fine. A third businessman was sent to prison for one year. Regarding former Governor Anibal Acevedo Vila, they were all guilty of fraud. They concealed a $500,000 campaign debt and failed to resister donations. Anibal and his legal advisor were previously acquitted regarding money laundering and lying to the FBI.
May 25, Australia. “Securency Pty Ltd” (a subsidiary of the Reserve Bank of Australia) is under investigation by the Australian Federal Police. Suspicious bonuses (bribes and kickbacks) have been paid to help win contracts from foreign governments. At least $10 million was paid to one Vietnamese agent who worked primarily as a translator. Regarding deals in Africa and Asia, previous corruption enquires into Securency condemned Securency agents. At least one Securency agent has a previous fraud conviction.
May 25, Iraq. Trade Minister Falah al-
May 26, Ireland. Frank Dunlop (the former government press secretary and lobbyist)
was jailed for two years and fined €30,000. He bribed councillors and senators in
Carrickmines Dublin regarding re-
May 26, U.S. The Justice Department is currently investigating at least 120 companies
in a bribery crackdown. Illegal bribes are often made to foreign officials to secure
business deals. Sun Microsystems announced two weeks ago that bribery laws may have
been breached regarding its deals in an undisclosed country. Previous Justice Department
bribery fines imposed against US companies include: Lucent Technologies Inc -
May 27, Algiers. State owned Sonelgaz Group illegally siphoned off 100 million Dinar from a social services fund. High ranking executives conducted illegal deals. Executive expense accounts were also abused via the taking of personal holidays. So far 19 executives have been charged with wasting public funds.
May 27, China. China's government has uncovered evidence of misspending and sloppy accounting regarding its economic stimulus package. With a stimulus package of 4 trillion Yuan ($586 billion) officials will be tempted to corruption. According to an audit some officials failed to keep accurate records and some expenditures were not logged; unauthorised spending also occurred.
May 28, Zambia. Corrupt Zambian health officials have caused Netherlands and Sweeden to freeze $33 million in foreign aid for fighting HIV/AIDS and malaria. The freeze was prompted by senior health officials stealing $2 million. A total of 20 Ministry of Health officials are now suspended and barred from entering their offices while investigations proceed. The aid money was stolen via syndicate payments to bogus companies that failed to provide contracted services or products. Total aid for 2009 is $120 million.
May 28, Sierra Leone. The Ministry of Land sacks 14 officials in corruption-
May 28, U.S. (New York). Prosecutors commenced proceedings against 18 people regarding
fraud and identity theft. In excess of 1000 bogus cheques were cashed at major banks.
Those accused allegedly collected customer data via the help of bank employees. Thousands
of forged cheques were created. At least 17 banks were targeted, primarily in Manhattan.
Investigations revealed $1.446 million fraud at J.P. Morgan Chase. Significant fraud
was also revealed at HSBC Holdings; Toronto-
May 28, U.S. (Chicago). Alderman Isaac Carothers re-
May 29, United Kingdom. After losing legal battle against the National Trust a bankrupted
farmer committed suicide due to debts. Farmer Bob Dearnley said the Trust was guilty
of flooding his land and spreading disease. The Trust (with its yearly income of
£357 million) backed attempts to evict Bob so his farm could be sold to recover legal
fees of £100,000 owed to the National Trust.
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► The purpose of poor fools is to maintain rich lifestyles for The Privileged Elite
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When authorities uncover cases of corruption many cases remain concealed. Corruption is natural for capitalism because all profits are immoral. Capitalism only recognises a tiny aspect of total monetary corruption.
