scandal News

Critics Want Ohio Watchdog’s Workers’ Comp ‘Coingate’ Report

Ohio’s state watchdog hasn’t yet released an investigative report on state’s workers’ compensation fund investment scandal that engulfed Ohio in 2005 — and critics want to know why. With the presidential election only weeks away, the nonprofit government watchdog group …

UK Watchdog Reviewing Regulatory Supervision after Libor Scandal

The UK’s Financial Services Authority (FSA) is reviewing how wholesale markets are supervised following the interest rate-setting scandal, its chairman Adair Turner said on Tuesday. “There are no free lunches, and shoddy wholesale practice is not a victimless act, even …

In Abrupt Turnaround, Olympus Admits It Hid Losses for Decades

Japan’s Olympus admitted on Tuesday it had hidden losses on securities investments dating back to the 1980s, succumbing to weeks of pressure to explain a series of baffling transactions that have put the future of the firm in doubt. The …

Sex, Lies and the Reckless Choices of the Powerful

Sex and power are no strangers. History is littered with tales of the powerful and privileged felled by sex scandals. But make no mistake. If IMF chief Dominique Strauss-Kahn is found guilty as charged of attempting to rape a hotel …