Financial Transparency Coalition

WASHINGTON, DC – Comparable to the dogged pursuit of Al Capone by Eliot Ness, “Chasing Madoff” is the compelling story of Harry Markopolos and his team of investigator's ten-year struggle to expose the truth behind the infamous Bernie Madoff scandal. Over the course of a decade, Markopolos pieced together a chain of white-collar crooks including international bankers, lieutenants, and henchmen, linked to Madoff’s devestating Ponzi scheme. As the investigation deepened, the danger posed to Markopolis and his team grew. Finding himself trapped in a web of deceit and intimidation, the once unassuming Boston securities analyst turned vigilante investigator...

WASHINGTON—Task Force on Financial Integrity and Economic Development (Task Force) member Transparency International released its 15^th annual Corruption Perceptions Index (CPI) today. The Index is based on different assessments and business opinion surveys concerning the administrative and political aspects of corruption such as bribery of public officials, kickbacks in public procurement, embezzlement of public funds, and the strength and effectiveness of public sector anti-corruption efforts. Two of the Index’s biggest losers were Russia and the U.S.—both of which were perceived to have become more corrupt over the past year—while Denmark, New Zealand, and Singapore were considered the least...

The Justice Department yesterday reaffirmed its intent to pursue the names of some suspected 52,000 secret-account holders with UBS bank yesterday, putting to rest speculation that it might drop its case before a July 13th court date. In filed yesterday with the U.S. District Court for the Southern District of Florida, DOJ asserts that its John Doe summons are perfectly enforceable and that Swiss banking secrecy "is not an impenetrable wall."