Financial Deception Quotes

Regulators all meet with Goldman Sachs executives and employees day after day after day. They don't see the people who get tricked, the people who get cheated, the people who get fooled by the products that Goldman turns out.

I think that, every time you saw the word EBITDA, you should substitute the word "bullshit" earnings.

Many scammers are only using personal checks for payment because they can take the money and run.

When executives allegedly lie to the investing public about their company's performance and thereby harm the integrity of the market, they must be held accountable.

The history of government management of money has, except for a few short happy periods, been one of incessant fraud and deception.

In every stockjobbing swindle every one knows that some time or other the crash must come, but every one hopes that it may fall on the head of his neighbor, after he himself has caught the shower of gold and placed it in safety.

As alleged, the most senior executives at Brixmor engaged in a years-long scheme to cook the books and deceive the investing public.

When so much money is involved in these movies, someone somewhere is going to try to screw you.

You're not allowed to lure people into spending their money or betting their money based on false representations.

The income tax has made liars out of more Americans than golf.

Some American companies operate in the gray area between legitimacy and outright fraud … where the accounting is being perverted.

Wealth is the Conjurer's Devil, Whom, when he thinks he hath, the Devil hath him.

I told the Inland Revenue I didn't owe them a penny because I lived near the seaside.

And $18 million in three Japanese banks, completely false. That I have two factories in Panama, also completely false. This is part of the counter campaign of some people.

They are desperate for surrogates to get behind Trump, and they can't find anyone who has actually had genuine success who is willing to stand behind him. That is because he is all smoke and mirrors. We know he doesn't have all the money he claims he has.

Let's talk about how to fill out your 1984 tax return. Here's an often overlooked accounting technique that can save you thousands of dollars: For several days before you put it in the mail, carry your tax return around under your armpit. No IRS agent is going to want to spend hours poring over a sweat-stained document. So even if you owe money, you can put in for an enormous refund and the agent will probably give it to you, just to avoid an audit. What does he care? It's not his money.

Yeah, we shot ourselves in the foot right out of the gate. The guy who ran it at first misled pretty much everybody about how much capital we had. He said we had enough to go three years without making money, and we had enough to go three weeks.

Bernie Ebbers and Ken Lay were caricatures - they were easy to spot. They were almost psychopaths. But it's much harder to spot problems at companies like Royal Dutch [Shell].

On Wall Street, the industry in which I grew up, a culture in which 'my word is my bond' shifted over the past few decades toward one where the big print can say 'Free' while the small print gives the real costs.

The plutocracy has invented countless makeshift programs, such as generating enormous public debt that plutocrats know they will never be able to repay, levies on capital, taxes which exhaust the incomes of those who do not speculate, sumtuary laws which have historically proven useless, and other similar measures. The principal goal of each of these measures is to deceive the multitudes.

Women fake orgasms and men fake finances.

The mutual fund industry has been built, in a sense, on witchcraft.

A typical Ponzi scheme involves taking money from investors, then paying them off with money taken from new investors, rather than paying them from actual earnings.

Investors are sometimes too busy looking for profits to notice where the truth ends and the deception begins.

The reason so many financial advisors are called brokers is because they are often broker than you.