Friday, August 1, 2008

Market Corruption

Financial markets are increasingly corrupted and showing signs of drug users behavior like Tobias as we know that there are obviously many more like him as many others would have done the same like him.

Probably Markets have many drug users who do crazy things.
http://beta.investorshub.advfn.com/boards/read_msg.aspx?message_id=31144879


CITIGROUP, CITI, SEC, PROBE, SUBPOENAS, INVESTIGATION, NEW YORK, ATTORNEY GENERAL

The office of New York Attorney General Andrew Cuomo said Friday it plans to imminently charge Citigroup's Global Markets and Citi Smith Barney units with fraudulently marketing auction-rate securities and destroying documents that were supoenaed by the state.

According to Cuomo's office, Citigroup has repeatedly and persistently committed fraud by making material misrepresentations and omissions in its underwriting and distribution of auction-rate securities by marketing them as very safe and liquid investments.

Earlier this week, Cuomo's office filed similar charges against rival investment bank UBS for similiar reasons.

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