Who can get the answers?

Probably none of us would be successful in getting answers to the questions brought up about some of the alleged questionable activities from the past. Even if we confronted the powers that be, directly. They lawyer up. Look how well I did getting a look at the list of shareholders.

However, I believe  there is someone, or several someones who can get those answers, if needed. 

The FBI has recently formed partnerships with some other fairly powerful institutions that I can’t remember right now. I will look for the list. Here are some excerpts from the FBI website.

Lying, cheating, and stealing.

That’s white-collar crime in a nutshell. The term—reportedly coined in 1939—is now synonymous with the full range of frauds committed by business and government professionals.

And this: (CID stands for Criminal Investigative Division)

Corporate fraud remains one of the highest priorities in CID. At the end of FY 2011, 726 corporate fraud cases were being pursued by FBI field offices throughout the United States, several of which involved losses to public investors that individually exceed $1 billion.

Corporate fraud investigations involve the following activities:

  • Falsification of financial information of public and private corporations, including:
    • False accounting entries and/or misrepresentations of financial condition;
    • Fraudulent trades designed to inflate profit or hide losses; and
    • Illicit transactions designed to evade regulatory oversight.
  • Self-dealing by corporate insiders, including:
    • Insider trading—trading based on material, non-public information—including, but not limited to:
      • Corporate insiders leaking proprietary information;
      • Attorneys involved in merger and acquisition negotiations leaking info;
      • Matchmaking firms facilitating information leaks;
      • Traders profiting or avoiding losses through trading; and
      • Payoffs or bribes in exchange for leaked information.
    • Kickbacks;
    • Misuse of corporate property for personal gain; and
    • Individual tax violations related to self-dealing.
  • Obstruction of justice designed to conceal any of the above-noted types of criminal conduct, particularly when the obstruction impedes the inquiries of the SEC, other regulatory agencies, and/or law enforcement agencies.
Oh, here is that list.
The FBI has formed partnerships with numerous agencies to capitalize on its expertise in specific areas such as securities, tax, pensions, energy, and commodities. The FBI has placed greater emphasis on investigating allegations of these frauds by working closely with the SEC, Financial Industry Regulation Authority (FINRA), Internal Revenue Service (IRS), Department of Labor, Federal Energy Regulatory Commission, Commodity Futures Trading Commission (CFTC), U.S. Postal Inspection Service (USPIS), and Special Inspector General for the Troubled Asset Relief Program (SIGTARP), among others. In September 2010, the FBI executed a memorandum of understanding with the SEC and placed a supervisory special agent within the SEC’s Office of Market Intelligence in order to facilitate cooperation in a variety of financial investigations.

Quad Cities (shared with the Omaha Division)

1515 Fifth Avenue, Suite 316
Moline, IL 61265
Phone: (309) 764-9559

Counties: Bureau, Henderson, Henry, Knox, Mercer, Rock Island, Stark, and Warren

Will it come to this? It is up to the board, isn’t it? I think we deserve some answers.