Goldman Blames Rogue Staff for Its 1MDB Scandal. That May Not Wash

Goldman Sachs, facing one of the most significant scandals in its history, has turned to a well-worn defense: the rogue employee narrative.

But the Wall Street firm seems unlikely to be able to slough off its role in the looting of a multibillion-dollar Malaysian government investment fund as the work of a few miscreants.

Goldman’s shares are down nearly 13 percent since Thursday’s close because of concern over whether the firm’s leaders might be dragged into the case. read more »

Detroit Clinic Owner Sentenced to Over 13 Years in Prison for $8.9 Million Health Care Fraud Scheme

The owner of two Detroit-area clinics was sentenced to 160 months in prison today for her role in a scheme involving approximately $8.9 million in fraudulent Medicare claims for home health care and other physician services that were procured through the payment of kickbacks, were not medically necessary, were not actually provided, or were provided by an unlicensed physician. read more »

Delay, Deny and Deflect: How Facebook’s Leaders Fought Through Crisis

When Facebook users learned last spring that the company had compromised their privacy in its rush to expand, allowing access to the personal information of tens of millions of people to a political data firm linked to President Trump, Facebook sought to deflect blame and mask the extent of the problem. read more »

Former Navy captain pleads guilty to ghostwriting 'Fat Leonard' emails

Biggest Navy scandal in history

The investigation into what would emerge as the largest corruption scandal in US Navy history began in 2013, and has touched on capitals and ports across the Pacific, including Singapore, Tokyo, Bangkok and Manila. read more »