Title: Financial Scandals: a guide with links to information sources

Source/Sponsoring Agency: Davies, Roy

URL: http://www.ex.ac.uk/~RDavies/arian/scandals

Date Checked: 9/29/98      Status: Active

Date Annotated: 3/18/98

Topics: Banking Law; Criminal Law; International Law; International Trade; Securities Law

Other keywords:

Contents: Roy Davies of the University of Exeter has created a web site devoted to the most prevalent kinds of financial wrongdoing of the past two decades. The site is arranged topically into "classical financial scandals" (e.g. BCCI, Barings, Crèdit Lyonnais, the U.S. savings and loan association scandal and other banking scams); political corruption in Great Britain, the European Union, Asia, and the United States, with a section on Whitewater; organized crime (many articles on the role of the Yakuza in Japanese finance); money laundering; and official regulatory and anti-fraud organizations such as investigative services and forensic accounting, with links to web sites. There is little primary material here but instead a good deal of analysis and interpretation by insiders and laypeople, in the form of essays, book chapters, official reports from the U.S. Congress and the Bank of England, government statements, and news accounts from the world press. Many of the articles castigate the financial and political systems that have enabled the frauds, insider trading, and outright thefts to occur. For a change of pace, check out the home page of Davies' sister Linda, former investment banker turned author of "financial thrillers."

Author of Annotation: Anne Carson