Government Corruption News Articles
Below are key excerpts of revealing news articles on government corruption from reliable news media sources. If any link fails to function, a paywall blocks full access, or the article is no longer available, try these digital tools.
The Oakland, California, police department has fired four officers and suspended seven in a major sexual misconduct case, but critics have questioned why officers havent faced criminal charges and why an exploitation victim at the center of the case remains behind bars. The disciplinary actions ... stem from a case involving a teenage girl who was sexually exploited by more than a dozen officers across the northern California region. In 2015, officer Brendan OBrien reportedly killed himself and left a note that launched an investigation into widespread misconduct allegations. The Oakland newspaper East Bay Express uncovered that three officers had allegedly had sexual relations with a teenage girl when she was underage. The girl ... said she was a sex worker at the time. By law, however, those relationships would be considered statutory rape and human trafficking. A total of at least 14 officers in Oakland as well as eight from other nearby law enforcement agencies are accused of taking advantage of the teenager. Months later, there are still no criminal charges. On the contrary, the woman recently went to a rehab center in Florida where she was arrested. She remains incarcerated at a local jail. Critics of the police department ... said they were particularly disturbed that the exploited woman was behind bars while the officers who have allegedly engaged in misconduct have remained free many of them still employed by the city.
Note: Watch an excellent segment by Australia's "60-Minutes" team "Spies, Lords and Predators" on a pedophile ring in the UK which leads to the highest levels of government. A second suppressed documentary, "Conspiracy of Silence," goes even deeper into this topic in the US. For more along these lines, see concise summaries of deeply revealing news articles about police corruption and sexual abuse scandals.
President Barack Obama said Tuesday that US has an "obligation" to help Laos recover from a brutal secret bombing campaign that destroyed parts of the Southeast Asian nation. During an address to the Lao people in the country's capital, Obama pledged $90 million in a joint three-year project with the country's government to clear ... some 80 million unexploded cluster bombs dropped during a secret US bombing campaign as part of the Vietnam War 40 years ago. "The remnants of war continue to shatter lives here in Laos," Obama said. "That's why I've dramatically increased or funding to remove these unexploded bombs." The move was welcomed by Laos President Bounnhang Vorachit as a way of strengthening mutual trust after the devastating campaign, that still maims or kills 50 people who stumble upon unexploded mines each year. Efforts to find the bombs will be aided the Pentagon, who will supply records of where they were dropped. To this day, less than 1% of the bombs have been cleared, according to US-based non-government organization Legacies of War. US funding for clearance of unexploded ordnance and victims' assistance has steadily grown since 2010. This year, Congress allotted $19.5 million, but now, for the first time, an American president has publicly recognized that the US has a responsibility to do more. "That conflict was another reminder that whatever the cause, whatever our intentions, war inflicts terrible toll, especially on innocent men, women and children," Obama said.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
For the first time, a federal judge is letting a civil lawsuit proceed against two CIA contract psychologists who designed and supervised brutal interrogation tactics that critics called torture. The ruling allows two former CIA detainees and the family of another who died in agency custody to try to win damages in federal court for the abuse they suffered at then-secret CIA prisons in the early 2000s. According to the lawsuit and a Senate Intelligence Committee report, the mistreatment included waterboarding, sleep deprivation, confinement in small boxes, rectal feeding and beatings. As the lawsuit progresses, it may shed more light on the so-called enhanced interrogation techniques that the CIA used in an effort to collect intelligence ... after the Sept. 11, 2001, attacks. Its unprecedented, [said] Dror Ladin, the American Civil Liberties Union attorney who argued the plaintiffs' case in court. No CIA torture victim has ever taken this step toward accountability. Every previous lawsuit has been shut down before this stage. It gives our clients a chance to ... finally get some justice, he said. The Department of Justice had blocked previous lawsuits aimed at the CIA's now-barred detention and interrogation program on grounds that any case could reveal secrets and compromise national security. That changed after the Senate Intelligence Committee released a report in December 2014 that exposed details about the program, including the role played by [psychologists Bruce] Jessen and [James E.] Mitchell.
Note: Read more in this ACLU article. For more along these lines, read about how the torture program fits in with a long history of human experimentation by corrupt intelligence agencies working alongside unethical scientists. For more, see this list of programs that treated humans as guinea pigs.
Canada's electronic spy agency broke privacy laws by sharing information about Canadians with foreign partners, a federal watchdog said Thursday. Commissioner Jean-Pierre Plouffe said in his annual report that the Communications Security Establishment passed along information known as metadata to counterparts in the United States, Britain, Australia and New Zealand. Metadata is information associated with a communication, such as a telephone number or email address, but not the message itself. The communications agency intercepts and analyzes foreign communications for intelligence information of interest to the federal government. The agency is legally authorized to collect and analyze metadata churning through cyberspace. Plouffe, who keeps an eye on the highly secretive agency, said he found that it lacks clarity regarding the sharing of certain types of metadata. Defense Minister Harjit Sajjan said the sharing won't resume until he is satisfied that the proper protections are in place. Plouffe's report noted that certain metadata was not being properly minimized, or rendered unidentifiable, prior to being shared. The CSE's failure to strip out certain Canadian identity information violated the National Defense Act and therefore the federal Privacy Act as well. Privacy advocates have stressed that metadata is far from innocuous since it can reveal a great deal about a person's online behavior and interactions.
Note: Many countries do not allow their intelligence agencies to spy on their own citizens without going through a legal process. The easy way around this that has been used for decades is to simply getting the information from a friendly country. So if the CIA wants information on you in the US, they can't spy directly, but they can ask the UK to do so and pass the information to them and thus get around the laws. For more along these lines, see concise summaries of deeply revealing intelligence agency corruption news articles from reliable major media sources.
The salesman stood outside the prison bus, inviting people inside for a brief tour. The price tag for such a vehicle? About $580,000. This bus, along with hundreds of other products and services, are on display this week at the American Correctional Associations annual winter conference in New Orleans. It has become the largest gathering of corrections personnel in the United States. The trade show ... offers a peek into the sprawling private industry around incarceration. Unlike other conventions, however, this convention is closed to the public, and the customers on the trade show floor are mostly prison wardens, jail officials and directors from state corrections agencies. The exhibitors are there to make their pitch for a slice of the $80 billion incarceration industry in the US. The companies aren't the only ones looking to earn money. In many states, sheriffs and wardens ... look to private companies to help pay the bills. They do this, in many cases, by taking commissions on revenue from goods sold to inmates - everything from phone calls and commissary goods to ... e-cigarettes. The whole idea of a system that exists for the purpose of keeping people locked up for profit creates all the wrong incentives, said Marjorie R. Esma, the executive director of the local American Civil Liberties Union in New Orleans. Such incentives, of course, can lead to more people in jail for petty crime. Look no further than Louisiana, which has been dubbed the prison capital of the world because of its high incarceration rates.
Note: For more along these lines, see concise summaries of deeply revealing prison system corruption news articles from reliable major media sources.
U.S. jails now hold nearly 700,000 inmates on any given day, up from 157,000 in 1970, and the Vera Institute of Justice found that smaller counties now hold 44 percent of the overall total, up from just 28 percent in 1978. Jail populations in mid-sized counties with populations of 250,000 to 1 million residents grew by four times and small-sized counties with 250,000 residents or less grew by nearly seven times, Vera's analysis shows. In that time large county jail populations grew by only about three times. Exactly what's behind that trend is not clear but experts say a range of factors likely contribute, from law enforcement's increased use of summonses and traffic tickets to the closing of state mental hospitals in that time. Unlike state prisons that hold inmates doing lengthy terms, local jails and county lockups are generally used to house pretrial detainees or those who have been sentenced to serve stints of a year or less for relatively minor crimes. Jail use continues to rise though crime rates have declined since peaking in 1991, the analysis shows. Blacks are jailed at nearly four times the rate of whites and the number of women locked up in jails has grown 14-fold since 1970, according to the Vera report. The number of jails with 1,000 beds or more has soared from 21 in 1970 to 145 in 2014, and the average number of days people stay locked up in jail has grown from nine in 1978 to 23 in 2014.
Note: Violent crime rates have dropped to 1/3 of what they were just 20 years ago. See an excellent graph on this. For more along these lines, see concise summaries of deeply revealing news articles on prison system corruption and the erosion of civil liberties.
Americans may not agree on much. But according to polls, more than 90 percent support genetically engineered (GE) food labeling. Despite the industrial food complex spending hundreds of millions on lobbying against labeling, three states have responded to the call from their voters and passed labeling laws. Vermont's laws will require that companies start labeling by July, 2016. This deadline has the agribusiness community scrambling for a way out. The biotech industry, along with its top enabler at the U.S. Department of Agriculture, Secretary Tom Vilsack, is trying to sell the idea that the long derided and poorly utilized QR code is the answer to consumer concerns about GE foods. A QR code ... is similar to a bar code. To use it, a person must have a smartphone device, an internet connection, and a QR code reader downloaded onto his or her phone. Vilsack and now even Presidential nominee Hillary Clinton are promoting QR code information on GE foods as sufficient to rescind the mandatory on package clear and accessible labeling required by the state laws. Substituting clear and accessible on-package labeling with QR codes would be a form of discrimination against the poor, the rural, the elderly and many other groups. We do not want this discriminatory, burdensome and privacy invasive technology to become the norm.
Note: Read more about why the overwhelming majority of Americans believe GMO foods should require labels. For more along these lines, see concise summaries of deeply revealing GMO news articles from reliable major media sources.
The tally of people shot and killed by on-duty police officers passed 700 on Wednesday night a fatal milestone that is almost double the highest number of police shootings ever reported by the FBI for an entire year according to a Washington Post database tracking all shootings death at the hands of police this year. As of Thursday morning, The Post has tracked 703 fatal police shootings. Of the 703 people who have been shot and killed by officers in 2015, the vast majority have been armed with either a gun or other potentially-deadly weapon. At least 65 of those shot and killed were unarmed. Federal data on police shootings is notoriously inaccurate and incomplete in large part because the data they collect is voluntarily reported, and most police departments do not participate. The FBI has never recorded more than 460 fatal police shootings in any year going back to at least 1976. The Post, relying on public documents, local news coverage and original reporting had confirmed 463 such shootings in just the first six months of the year.
Note: A similar project run by The Guardian called "The Counted" tracks police killings by all methods - not just shootings - and had noted 836 such deaths as the above story went to press. For more along these lines, see concise summaries of deeply revealing civil liberties news articles from reliable major media sources.
A trooper who pulled over and later arrested a woman found dead in her jail cell was put on desk duty Friday for violating procedures, the Texas Department of Public Safety said. Sandra Bland, 28, was arrested July 10, and after spending the weekend in the Waller County jail, she was found hanged in her cell Monday. Harris County's medical examiner said the death was a suicide, but Bland's family disputes the finding. The FBI has joined the Texas Rangers in investigating the circumstances surrounding her death. The state Public Safety Department and Waller County district attorney have requested that the FBI conduct a forensic analysis on video footage from the incident. In arresting Bland, the trooper "violated the department's procedures regarding traffic stops and the department's courtesy policy," state public safety officials said Friday without specifying what procedures the trooper, whose name has not been released, had violated. Since Bland's death, alleged video of her arrest has been posted to both Facebook and YouTube. The video shows deputies cuffing Bland on the ground. She appears to be yelling, saying the deputies slammed her head into the ground. One of the deputies then turns his attention to the person recording the altercation, telling the person to leave.
Note: For more along these lines, see concise summaries of deeply revealing news articles about the routine violation of civil liberties.
A subplot to the vociferous debate over the student vaccination bill moving through Californias Capitol is opponents allegations that the effort reflects the influence of the pharmaceutical industry. Critics of Senate Bill 277, which would eliminate the personal belief and religious exemptions for schoolchildren, accuse the measures supporters in the Legislature of doing the bidding of donors who make vaccines and other pharmaceuticals. The bills proponents and drug companies dismiss the charge. Pharmaceutical companies and their trade groups gave more than $2 million to current members of the Legislature in 2013-2014, about 2 percent of the total raised. Nine of the top 20 recipients are either legislative leaders or serve on either the Assembly or Senate health committees. Receiving more than $95,000, the top recipient of industry campaign cash is Sen. Richard Pan, a Sacramento Democrat and doctor who is carrying the vaccine bill. In addition, the industry donated more than $500,000 to outside campaign spending groups that helped elect some current members last year. Leading pharmaceutical companies also spent nearly $3 million more during the 2013-2014 legislative session lobbying the Legislature, the governor, the state pharmacists board and other agencies, according to state filings.
Note: Read powerful evidence that some vaccines are not safe nor effective. Remember that big Pharma makes billions in profit from vaccines.
The Navys SEAL Team 6 ... best known for killing Osama bin Laden, has been transformed by more than a decade of combat into a global manhunting machine. That role reflects Americas new way of war, in which conflict is distinguished ... by the relentless killing of suspected militants. While fighting grinding wars of attrition in Afghanistan and Iraq, Team 6 ... joined Central Intelligence Agency operatives in an initiative called the Omega Program, which offered greater latitude in hunting adversaries. Team 6 has successfully carried out thousands of dangerous raids that military leaders credit with weakening militant networks, but its activities have also spurred recurring concerns. Afghan villagers and a British commander accused SEALs of indiscriminately killing men in one hamlet; in 2009, team members joined C.I.A. and Afghan paramilitary forces in a raid that left a group of youths dead and inflamed tensions between Afghan and NATO officials. When suspicions have been raised about misconduct, outside oversight has been limited. This is an area where Congress notoriously doesnt want to know too much, said Harold Koh, the State Departments former top legal adviser. Like the C.I.A.s campaign of drone strikes, Special Operations missions offer policy makers an alternative to costly wars of occupation. But the bulwark of secrecy around Team 6 makes it impossible to fully assess its record and the consequences of its actions, including civilian casualties or the deep resentment inside the countries where its members operate.
Note: Drone strikes almost always miss their intended targets. Casualties of war whose identities are unknown are frequently mis-reported to be "militants". For more along these lines, see concise summaries of deeply revealing news articles about military corruption and high level manipulation of mass media.
When Jack Dawley returned in 2007 to his hometown, Norwalk, Ohio, after eight years in prison and on parole in Wisconsin, he knew getting by would be difficult. For four years, he ... paid down the $1,400 in fines and court fees he owed. But in 2012, he injured his back, lost his job and missed a payment on his court debt. He was arrested and sentenced to jail for 10 days. When he got out, he had 90 days to make a payment. He failed, and went back to jail. A cycle was beginning: jail every 90 days. Although the United States outlawed debtors prison two centuries ago, that, in effect, is where Dawley kept going. It is crowded there. [In] Ferguson, MO ... the recent Department of Justice investigation of the police and courts portrays a system designed to jail the poor for their poverty. Across America, courts levy fines and fees ... on misdemeanor offenders, and jail them when they cannot pay. You dont go to jail for walking your dog without a leash, making an illegal left turn or burning leaves without a permit, but in many states you will go to jail if you cant pay the resulting fees and fines. We have a two-tier system: The rich pay fines. The poor go to jail. Debtors prison is both senseless and illegal. In 1983, the Supreme Court ruled that courts must inquire about a defendants ability to pay fines and can jail only those who can pay but wont. Yet defendants dont know [that] they can ask for a hearing on their ability to pay, [and] courts routinely fail to suggest a hearing.
Note: For more along these lines, see concise summaries of deeply revealing news articles about income inequality and systemic prison industry corruption.
James Risen, who won the Pulitzer Prize in 2005 for exposing the NSA warrantless eavesdropping program, has [been] threatened with prison by the Obama Justice Department. [This] is almost certainly the vindictive by-product of the U.S. governments anger over his NSA reporting. He has published a new book on the War on Terror entitled Pay Any Price: Greed, Power and Endless War. Risen's [critique] is one of the first to offer large amounts of original reporting on ... a particular part of the War on Terror, namely the way in which economic motives, what [he] calls the Homeland Security Industrial Complex, has driven a huge part of the war. GLENN GREENWALD: How much of this economic motive is the cause of the fact that weve now been at war for 13 years? RISEN: It plays a really central role. After so many years theres ... a post-9/11 mercenary class thats developed that have invested. Not just people who are making money, but people who are in the government. Their status and their power within the government are invested in continuing the war. Theres very little debate about whether to continue the war. When Dick Cheney said, the gloves come off, ... that really meant, Were going to deregulate national security, and were going to take off all the rules that were imposed in the 70s after Watergate. That was just a dramatic change. Its been extended to this whole new homeland security apparatus. People think that terrorism is an existential threat, even though its not, and so theyre willing to go along with all this.
Note: The complete interview at the link above provides details of James Risen's fight to preserve journalistic integrity against a corrupted government's attempts to manipulate the news. For more on Risen's deeply revealing investigation of the Homeland Security Industrial Complex, see this recent NPR interview.
Michigan Governor Rick Snyder signed a bill on Tuesday that will keep electric carmaker Tesla Motors from selling its cars directly to consumers in the state, home to the biggest U.S. automakers. Snyder said in a letter to members of the state House of Representatives on Tuesday that the measure merely "clarifies" existing law not to allow direct manufacturer-to-consumer retail sales. Those sales, he said, must be made through franchised dealers. Michigan becomes the fifth U.S. state to keep Tesla from easily selling cars directly to consumers. In all of those states except Michigan, Tesla operates "galleries" where consumers can view Tesla cars but cannot discuss prices, take test drives or order cars. Michigan has gone a step further, said Diarmuid O'Connell, Tesla vice president of business development, and will not allow even the informational galleries. Tesla, which has challenged some of the long-held conventions of auto industry, wants to set up its own sleek stores rather than to sell through a franchised dealer network. The Michigan measure, passed 38-0 in the state's Senate and 106-1 in the House, does not mention Tesla by name. But, O'Connell said, the legislation clearly is addressed to the company. O'Connell said the bill was pushed through the legislature without chance for public debate because well-connected auto dealers did not want a public airing of the state's policy. Detroit-based General Motors on Tuesday said it supported the new measure.
Note: For more along these lines, see these concise summaries of deeply revealing government corruption news articles from reliable sources. You can also read more about inspiring innovations and how these are suppressed.
Washingtons elite media, as usual, ... are baying for war. They are ... essentially demanding a major military assault [on ISIS]. Watching post-invasion reality in the region should have made it clear to anyone paying any attention at all that ... military action kills not just enemies but innocent civilians, creates refugee crises, ... further destabilizes entire regions, and alters the future in unanticipated and sometimes disastrous ways. In a nation that considers itself peaceful and civilized, the case for military action should be overwhelmingly stronger than the case against. It must face, and survive, aggressive questioning. There is no reason to expect that kind of pushback from within Congress leading figures ... are falling into line with the hawkish consensus for some sort of action. And Vice President Joe Biden [said on September 3] that the U.S. will follow ISIS to the gates of hell. In the absence of a coherent opposition party or movement, its the Fourth Estates duty to ask those questions, and demand not just answers, but evidence to back up those answers. [In an interview,] Paul R. Pillar, formerly the CIAs top Middle East analyst, ... marveled at the kind of mass emotional phenomenon based in part on the recent barbaric beheadings of captured free-lance journalists and the scary maps that make it seem like ISIS is about to take Baghdad. But, he said, the press is getting excited in a way that I think has been blown well out of proportion. Have we considered whether part of the groups purpose is to provoke more U.S. intervention?
Note: For more on this, see concise summaries of deeply revealing major media corruption news articles from reliable major media sources.
Women diagnosed with early-stage cancer in one breast are increasingly choosing to have both breasts removed to reduce their chances of getting cancer again, but they'll likely have no better chance at long-term survival than those who had a far less invasive lumpectomy followed by radiation, researchers said [on September 2]. Researchers at Stanford University and the Cancer Prevention Institute of California in Fremont reached the conclusion after taking the largest and perhaps most comprehensive look at the survival rates for the most common surgical choices for early-stage breast cancer: double mastectomy, a single mastectomy and lumpectomy followed by radiation. "We thought we'd maybe see some survival benefit with bilateral mastectomy, particularly in younger women," said Dr. Allison Kurian, assistant professor of health research and policy at Stanford and lead author of the study. "We looked and looked, and saw no difference there." For their study, the researchers relied on data from the California Cancer Registry, which involved nearly 190,000 cases or virtually every woman in California diagnosed with one cancerous tumor in a single breast between 1998 and 2011. More than half were treated with lumpectomies, which involve removing just the tumor and surrounding tissue. The study showed the rate of bilateral mastectomies rose from 2 percent of all patients in 1998 to 12.3 percent in 2011, an increase most pronounced in younger white women. In that group, the percentage of patients younger than 40 choosing to have both breasts removed skyrocketed from 3.6 percent in 1998 to 33 percent in 2011.
Note: For more on this, see concise summaries of deeply revealing health news articles from reliable major media sources.
Former intelligence contractor Edward Snowden responded to questions from The Washington Post following the release of an e-mail he had sent while working for the National Security Agency. Q: How do you respond to todays NSA statement and the release of your email with the Office of General Counsel? A: The NSAs new discovery of written contact between me and its lawyers - after more than a year of denying any such contact existed - raises serious concerns. It reveals as false the NSAs claim ... that after extensive investigation, including interviews with his former NSA supervisors and co-workers, we have not found any evidence to support Mr. Snowdens contention that he brought these matters to anyones attention. Todays release is incomplete, and does not include my correspondence with the Signals Intelligence Directorates Office of Compliance. [But] whether my disclosures were justified does not depend on whether I raised these concerns previously. Thats because the system is designed to ensure that even the most valid concerns are suppressed and ignored, not acted upon. The fact that two powerful Democratic Senators - Ron Wyden and Mark Udall - knew of mass surveillance that they believed was abusive and felt constrained [not] to do anything about it underscores how futile such internal action is -- and will remain -- until these processes are reformed. Still, the fact is that I did raise such concerns both verbally and in writing, and on multiple, continuing occasions - as I have always said.
Note: For more on the Snowden case, see the deeply revealing reports from reliable major media sources available here.
Venezuelans ... have built a participatory democratic movement from the grass roots that has ensured that both power and resources are equitably distributed among our people. According to the United Nations, Venezuela has consistently reduced inequality: It now has the lowest income inequality in the region. We have reduced poverty enormously to 25.4 percent in 2012, on the World Banks data, from 49 percent in 1998; in the same period, according to government statistics, extreme poverty diminished to 6 percent from 21 percent. We have created flagship universal health care and education programs, free to our citizens nationwide. We have achieved these feats in large part by using revenue from Venezuelan oil. Since 1998, the movement founded by Hugo Chvez has won more than a dozen presidential, parliamentary and local elections through an electoral process that former American President Jimmy Carter has called the best in the world. Recently, the United Socialist Party received an overwhelming mandate in mayoral elections in December 2013, winning 255 out of 337 municipalities. Popular participation in politics in Venezuela has increased dramatically over the past decade. The claims that Venezuela has a deficient democracy and that current protests represent mainstream sentiment are belied by the facts. The antigovernment protests are being carried out by people in the wealthier segments of society who seek to reverse the gains of the democratic process that have benefited the vast majority of the people.
Note: This article was written by Nicols Maduro, the president of Venezuela. We have long observed a strong media bias against Venezuela. Thanks to the New York Times for finally printing an article in support of this country which, despite its problems, has made remarkable strides in recent years.
A series of revelations about the rocket believed to have delivered poison sarin gas to a Damascus suburb last summer are challenging American intelligence assumptions about that attack and suggest that the case U.S. officials initially made for retaliatory military action was flawed. A team of security and arms experts, meeting this week in Washington to discuss the matter, has concluded that the range of the rocket that delivered sarin in the largest attack that night was too short for the device to have been fired from the Syrian government positions where the Obama administration insists they originated. The authors of a report released Wednesday said that their study of the rockets design, its likely payload and its possible trajectories show that it would have been impossible for the rocket to have been fired from inside areas controlled by the government of Syrian President Bashar Assad. In the report, titled Possible Implications of Faulty U.S. Technical Intelligence, Richard Lloyd, a former United Nations weapons inspector, and Theodore Postol, a professor of science, technology and national security policy at the Massachusetts Institute of Technology, argue that the question about the rockets range indicates a major weakness in the case for military action initially pressed by Obama administration officials. Postol said that a basic analysis of the weapon ... would have shown that it wasnt capable of flying the 6 miles from the center of the Syrian government-controlled part of Damascus to the point of impact in the suburbs, or even the 3.6 miles from the edges of government-controlled ground.
Note: For more on government lies designed to start wars, see the deeply revealing reports from reliable major media sources available here.
An Icelandic court has sentenced four former Kaupthing bankers to jail for market abuses related to a large stake taken in the bank by a Qatari sheikh just before it went under in late 2008. Weeks before the country's top three banks collapsed under huge debts as the global credit crunch struck, Kaupthing announced that Sheikh Mohammed bin Khalifa bin Hamad Al Thani had bought 5 of its shares in a confidence-boosting move. A parliamentary commission later said the shares had been bought with a loan from Kaupthing itself. A Reykjavik district court sentenced Hreidar Mar Sigurdsson, Kaupthing's former chief executive, to five and a half years in prison while former chairman Sigurdur Einarsson received a five-year sentence. Magnus Gudmundsson, former chief executive of Kaupthing Luxembourg, was given a three-year sentence and Olafur Olafsson the bank's second largest shareholder at the time received three and a half years. None of the bankers, now based in London and Luxembourg, were present [at the sentencing].
Note: Yet not a single executive of US or multinational banks has been jailed for funneling billions of dollars into their own pockets and crashing the entire global economy. For more on this, click here. For more on financial corruption, see the deeply revealing reports from reliable major media sources available here.
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