Posts cover the costs of corruption of all kinds. Such costs include, but not limited to, those associated with and have negative impacts on the rule of law, public funds, and resources, education, healthcare, poverty, civil society, economic sustainability, foreign direct investment (FDI), interest rate, citizenship, and citizens trust in public institutions.
These posts also cover the negative consequences of corruption on the proper separation of powers (legislative, judicial, and executive), and tax collections.
Technical StaffJune 30, 2021After acknowledging that €1.9 billion ($2.3 billion) allegedly held in trust accounts didn’t exist, Wirecard filed for insolvency in June 2020. It was also discovered to be heavily in debt, and it was accused of falsifying financial accounts for years.As a result, the Bundestag (German Parliament) conducted...
Mike J. MasoudJune 29, 2021On July 22, 2014, I was shocked when I read an opinion in the Washington Post entitled “We need an international court to stamp out corruption,” written by Mark L. Wolf. He was a senior U.S. district judge for the District of Massachusetts. I shared my fears with...
Technical StaffJune 19, 2021On June 3, 2021, U.S. President Joseph R. Biden Jr. set the right tone at the top for combatting corruption. For the first time in U.S. history, he issued a memorandum that regarded the fight against corruption as a core national security interest 1. He said, ”...
Technical StaffBank Julius Baer Agrees to Pay More than $79 Million for Laundering Money in FIFA ScandalBank Julius Baer & Co. Ltd. (BJB or the Bank), a Swiss bank with international operations, has admitted today in federal court in Brooklyn that it conspired to launder over $36 million in bribes...
Mike MasoudMay 22, 2021On May 20, 2021, the Financial Times 1 reported that EY refused to provide the German MPs with 150 documents cited in the report of Martin Wambach, a partner at accounting firm Rödl & Partner who investigates EY’s unqualified audit reports of Wirecard for more than ten...
Mike MasoudApril 30, 2021Last June, our staff published the following post about the Wirecard scandal. They stated, among other things, the following:Who Should Pay For It?Where were BaFin, Germany’s financial watchdog? Where were the Board of Directors of Wirecard?Where were EY, the independent auditor of Wirecard? Where were the relevant regulatory agencies...
Technical StaffApril 30, 2021On April 14, 2021, Bernard L. Madoff died in prison, serving a 150-year sentence. During the 2008 financial crisis, it was revealed that he was in charge of the largest Ponzi scheme in American history. Below is a BBC report on Madoff’s death:Bernie Madoff: Disgraced financier dies in prisonBernie Madoff admitted he had conned investors out of billions of dollars in a Ponzi scheme.Read Morewww.bbc.comThe following documentary is one...
Together, Empowering Tone at the Top
Click here for an overview of The AACI. You may also download its PowerPoint presentation (PDF)
© 2024 The American Anti-Corruption Institute llc (AACI), P.O. Box 27346, Tempe, AZ 85285, USA
