Bank Fraud

Goldman Sachs Banker Arrested For Insider Trading Scheme

Goldman Sachs has avoided staying out of the insider trading spotlight for about a year. But on Friday, new court documents reveal that an investment banker at the firm’s New York branch was arrested for his alleged involvement in an insider trading scheme that generated $2.6 million in illicit profits, according to Bloomberg.  Bryan Cohen, a vice president…

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Financial Storm Clouds Gather

Greed and a desire for riches are traps that bring ruin and destruction. “The love of money is a root of all kinds of evil,” and Christians are warned, “Do not put your trust in wealth” (see 1 Timothy 6:9-10, 17-18). Covetousness, or having an excessive or greedy desire for more, is idolatry. Ephesians 5:5 says, “For of this…

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Incentives (And Sociopaths) Rule The World

Ryan Murphy, an economist at Southern Methodist University, recently published a working paper in which he ranked each of the states by the predominance of—there’s no nice way to put it—psychopaths. The winner? Washington in a walk. In fact, the capital scored higher on Murphy’s scale than the next two runners-up combined. “I had previously written on…

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Citigroup

A bribe is money, favor, or other consideration given in exchange for one’s influence against what is true, right, or just. The Bible is clear that giving or receiving a bribe is evil. God’s Law, given to Moses for the people of Israel, forbade the taking of a bribe, “for a bribe blinds the discerning…

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Banks Make The Dirty Money Appear To Be Legitimate

Narcissism is the term used in psychology to describe a preoccupation with self. It is a Greek term taken from the name of the mythological Narcissus, who fell in love with his own image and was doomed to die because he would not turn away from it. A narcissist is a person who displays a high…

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Failed Bank List-Federal officials expect turbulence in the banking industry to continue into next year

Dishonesty is reproved in Scripture. God does not accept a Business or Business person who “practices deceit” (Psalm 101:7), and Jeremiah 9:5 says of a wicked society, “Everyone deceives his neighbor, and no one speaks the truth; they have taught their tongue to speak lies; they weary themselves committing iniquity.” Speaking the truth, or honesty, is a…

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A Long Journey Home Book Cover

A Long Journey Home

A book about a fourteen-year-old boy, the son of a Baptist pastor, thrown from his home at age 14. This boy, StevieRay, would later become a multimillionaire. Now he gives orphans a second chance at life.