The news has been full of big frauds in various sectors of the economy. Frauds have been revealed from finance to media to higher education to healthcare.
JP Morgan is a serial ethics violator. The storied Wall Street firm doesn’t want CEO Jamie Dimon questioned under oath in Jeffrey Epstein case.
Too many have something to hide.
Update 3-7-23: Wall Street on Parade reported on the Virgin Islands complaint against JP Morgan Chase regarding Jeffrey Epstein:
....charges that the bank sat on a pile of evidence that Jeffrey Epstein was running a child sex trafficking ring as it continued to keep him as a client; accept his lucrative referrals of wealthy clients; and provided him with large sums of cash and wire transfers to pay off victims – one of whom was a “14-year old sex slave.”
Update 3-8-23: The Perth Mint sold diluted or doped gold to China and then covered it up.
Update 3-12-23: Reuters reported:
JPMorgan Chase & Co has sued Jes Staley, its former private banking head and later Barclays Plc's chief executive, accusing him of entangling it with sex offender Jeffrey Epstein, and saying Staley himself had been accused of sexual assault.
Update 8-18-23: As for seeing a concert, that's been redefined down:
Ticketmaster will begin to sell “listening seats” that do not have any view
They do it because they can. There is no counterbalance, no authority to prevent the crapification of everything.
Update 8-2-24: Thoughtful Money's Adam Taggart referred to "crapification" imposed by private equity owners in an interview with noted author Gretchen Morgenson. She provided a number of PEU cases where owners won but employees, customers and nearly everyone else lost.