Stephen Lendman - Goldman Sachs Free to Keep Stealing

Goldman again got off scot-free. On August 9, the Justice Department dropped criminal fraud charges. Evidence the equivalent of enough firepower to sink a carrier battle group was buried and forgotten. More on what happened below.

 Black's Law Dictionary says:

"Fraud consists of some deceitful practice or willful device, resorted to with intent to deprive another of his right, or in some manner to do him an injury."

It includes "all acts, omissions, and concealments which involve a breach of legal or equitable duty, trust, or confidence justly reposed, and are injurious to another, or by which an undue and unconscientious advantage is taken of another."

 The legal dictionary calls fraud:

"A false representation of a matter of fact - whether by words or by conduct, by false or misleading allegations, or by concealment of what should have been disclosed - that deceives and is intended to deceive another so that the individual will act upon it to her or his legal injury."

Criminal and civil frauds differ by level of proof required. The former needs a "preponderance of evidence." The latter must prove intent and be "beyond a reasonable doubt."

Goldman settled SEC charges for pennies on the dollar. What a business. Steal a fortune. Pay a pittance back. Goldman writes it off as operating cost.

Read more...

http://sjlendman.blogspot.com/2012/08/goldman-sachs-free-to-keep-stealing.html