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Posts Tagged ‘collusion in private equity’

Sense on Cents Index of Cronyism and Corruption

Posted by Larry Doyle on June 13th, 2014 9:22 AM |

Those engaged in cronyism and corruption much prefer to operate under a cover of darkness. When transgressions due occur, those caught in the web of such practices typically like to pay a fine and quickly move on.

Given the preponderance of these practices in our current economy, I think it is a good idea that, rather than addressing cases on an individual basis, we compile an index of those involved. In doing so, we can then reflect back on them and gain a fuller appreciation for how widespread and destructive this cronyism and corruption is within our nation.

With no further adieu, I kick off the Sense on Cents Index of Cronyism and Corruption:

VA Scandal: Uncle Sam Wants Names of VA Whistleblowers; POGO Protects Identities: (June 16, 2014)

The IRS Scandal: “That’s a Lie; (June 14, 2014)

Today’s FT highlights (June 12, 2014):  “Goldman Sachs and Bain Capital paid $121m to settle a lawsuit alleging they conspired with other private equity firms to fix the price of some of the biggest ever leveraged buyouts.  (more…)






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