Sex Scandals, Scams, Phishing and Your Bank Account
A one-night stand has endangered the stellar career of the French head of the International Monetary Fund and dismayed President Sarkozy as he seeks to put a French stamp on a new world financial order.
The news that Dominique Strauss-Kahn, 59, is being investigated in Washington over a fling with a former subordinate has unsettled Mr Sarkozy because he has mounted an effective double act with him in the effort to manage the financial crisis.
Paris had been hoping that no news would break until Mr Strauss-Kahn had been cleared later this month and the matter would disappear in the din of the US presidential election.
In January, Société Générale revealed that unauthorised dealing by Jérôme Kerviel, a futures trader in Paris, had resulted in losses of €4.9bn ($6.6bn) for the French bank, the biggest rogue trading scandal in history.
… however, even the best risk management practices may not stop a rogue trader.
“Someone with fraud on their mind can find ways to get around any system,” says Ms Downs.
“And sometimes systems fail, no matter how much you think they can’t … We need to be looking at what
can slip through the cracks.”
After a sex scandal destroyed his promising political career and he left Washington, he eventually reinvented himself as a well-regarded advocate and builder of urban, working-class homes. He has financed the construction of more than 7,000 houses.
For the three years he was a director at KB Home, Cisneros received at least $70,000 in pay and more than $100,000 worth of stock. He also received $1.14 million in directors’ fees and stock grants during the six years he was a director at Countrywide. He made more than $5 million from Countrywide stock options, money he says he plowed into his company.
Although the sex scandals are entertaining, they are signs of deeper disorders. Power, Money and Sex are hopelessly intertwined. The ego drives each one. They are a natural combination, but, they often evolve into a PT Barnum attitude. “I am smarter, sexier and more worthy that the general public … a new sucker is born every day”. My personal needs and urges trump virtue, so I can screw you with immunity.
I am special … you are my sport …
The fallout from today’s global economic crisis is multi-faceted and very dangerous. Opportunity for bold cons, scams and exploitation is ripe. Internet hackers are targeting banks, bank accounts and personal information. Phishing is rampant. Your emails are filled with enticing offers and alerts and promises of unexpected windfalls. Anyone using their computer for online banking is a target. Phishing attacks have increased on individuals. Banks are under seige every day by hackers. The vigilant among us will be tested. There are multiple resources available on the web to arm you with scam protection, but some of these are also suspect. Personally, I would reduce online private transactions altogether. But if you don’t or can’t do that, here are some resources.