The personal price of exposing financial wrongdoing can be devastating.
Report for The Financial Times by William D Cohan, including interviews with whistleblowers formerly employed at Lehman Brothers, Deutsche Bank and JPMorgan Chase.
Why I Am Leaving Goldman Sachs.
New York Time Op-Ed. March 14th 2012:
TODAY is my last day at Goldman Sachs. After almost 12 years at the firm — first as a summer intern while at Stanford, then in New York for 10 years, and now in London — I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it. [more inside]
Is the SEC Covering Up Wall Street Crimes?
"A whistleblower claims that over the past two decades, the agency has destroyed records of thousands of investigations, whitewashing the files of some of the nation's worst financial criminals."
"When a company or individual receives a surprise subpoena on a Friday from the SEC, it is usually designed to ruin their weekend plans. Yes, the SEC can get personal in its own way...Back in the day as the criminal CFO of Crazy Eddie
, I received a surprise subpoena from the SEC late Friday afternoon. I had to wait until Monday before my attorneys had time to advise me on a course of action." Ex-white collar felon Sam Antar blogs about the SEC's recent move
. [more inside]
"The great thing about the market is that it has nothing to do with the actual stocks."
Jim Cramer--probably most famous for his CNBC show "Mad Money"
--comes clean in a TheStreet.com
interview about the tactics he used while managing his hedge fund and how he, you know, might
influence Apple's stock if he were in the game today. Feathers get ruffled