Private Equity a Formula for Fraud
How quaint, private equity sounds like the very definition of capitalism. Well, peel back this onion and the tears come streaming from your eyes. As with any insider investment scheme, the devil is in the details. So when these operations fell under government regulation, some optimists felt good that the government would protect the limited partners and the entire financial system. Just how did it work out?
Mike Konczal reports in The SEC Has Revealed Astounding Corruption in Private Equity.
Read the entire article on the “Corporatocracy” archives
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