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How Corruption Destroyed America

09 Dec

Corruption threatens “soul and fabric” of U.S.: FBI

BOCA RATON, Florida (Reuters) – Corruption, whether in the form of crooked officials, financial fraudsters or even philandering sports stars, is tearing at the fabric of U.S. society and is the country’s No. 1 criminal threat, a senior FBI agent said on Tuesday.

Corruption destroying the country

Addressing businessmen in Florida, where financial fraud cases jumped by 42 percent in the last year, FBI Miami Division Special Agent in Charge John Gillies said failures in personal ethics and integrity sowed the initial poisonous seeds of corruption in a society.

Gillies said transgressions by high-profile public servants and even perceived social role models, like top golfer Tiger Woods, currently embroiled in allegations that he had extramarital affairs, sent the signal to young Americans that cheating and stealing were acceptable.

“Where do our children learn this? They see us, their elected officials, their sports stars, they see how they act and they figure, ‘well it’s OK,'” he said, citing the case of Woods, whose early morning car accident in Florida last month triggered a storm of media questioning of his clean-living reputation.

“Money can’t buy everything,” Gillies said in a speech to the West Boca Chamber of Commerce in Boca Raton, Florida.

The special agent, who manages high-profile cases in Florida, the Caribbean and Latin America, in no way suggested Woods had committed any criminal offenses…

Gillies, a 27-year veteran of the FBI, called corruption in all its multiple forms, whether in law enforcement or in the judicial system, or involving tax cheats and fraudsters, “our number one criminal threat” in the United States.

“It really gets at the soul and fabric of the United States when people are out there corrupting … it all starts with simple ethics violations,” Gillies said.

FOLLOW THE MONEY

He said public corruption investigations by the FBI were “huge” and had increased by more than 20 percent in the last five years, while financial scams — from securities and hedge fund frauds to Ponzi schemes — had jumped by more than 25 percent nationwide in the last year alone.

These cases involved hundreds of millions and even billions of dollars.

Florida in particular has been rocked by a number of high-profile Ponzi schemes this year, including fallout from the cases surrounding convicted Wall Street swindler Bernard Madoff and accused Texas financier Allen Stanford.

Gillies’ FBI team last week arrested a flamboyant Fort Lauderdale attorney, Scott Rothstein, and charged him with bilking investors out of $1.2 billion in a Ponzi scheme that funded his luxury lifestyle and political largess.

Rothstein, now disbarred, has pleaded not guilty.

One of the differences between the US and those third world countries used to be the standard that the price was the price. You walked into a store, and unlike many other places in the world, the price marked, was the price the item was sold at. Unscrupulous retailers have slowly chipped away at that, first starting with the development of add-ons in terms of superfluous “service plans” and “warranties”. Then the frequently abused “rebate” coupons, which far too often turned out to be a basic fraud, where the consumer would never see the rebate. Telecommunications providers took this dishonesty to a whole new level in the Cell Phone industry with wildly deceptive pricing and outright fraudulent contracts and plans.

Now we have the banks, with Bank of America becoming the largest organized criminal enterprise in America – far outstripping the Mafia and Drug Lords in stealing $10.8 Billion each quarter from their customers through fraudulent fees, manipulation of accounts, and outright lying as documented in A Modern Day Heroine – Jackie Ramos.

So, the real problem with corruption in the United States isn’t the philandering sports stars, it isn’t even the Wall Street Crooks…

It’s the fact that supposedly honest commercial institutions in America have become criminal, and operate like criminal enterprises defrauding consumers as a daily means of conducting business.

 
3 Comments

Posted by on December 9, 2009 in General, You Know It's Bad When...

 

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3 responses to “How Corruption Destroyed America

  1. tafaraji

    December 9, 2009 at 1:02 PM

    It’s a game and he and everyone else knows it.

    Like

     
  2. nanakwame

    December 10, 2009 at 3:12 PM

    I thought it was just DC, might we forgot The Glorious Pirates at our beginnings. Love their story when I was young.

    Like

     

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