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The Backlash Cometh Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 09:17 AM
Original message
Legal definitions needed.
Okay, between what's going on in Wall Street and the political world, can someone explain the differences between the following terms, and if there are any special statute of limitations that apply, and who has the legal authority to bring charges?

Fraud
Conspiracy
Confidence Job
Breach of Fiduciary Responsibility
Wilful Failure to Know
Gross Negligence
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elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 09:36 AM
Response to Original message
1. Depends on jurisdiction, stte limitations etc.
fraud: a: deceit , trickery ; specifically : intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right

conspiracy: An agreement to perform together an illegal, wrongful, or subversive act.

Gross Negligence: An indifference to, and a blatant violation of, a legal duty with respect to the rights of others.

fiduciary: One who must act for the benefit of another party.
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The Backlash Cometh Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 09:50 AM
Response to Reply #1
2. Assuming that those in the know on Wall Street can claim
stupidity and greed, but not any of the above, do you think we have seen enough to contradict them?
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elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 09:54 AM
Response to Reply #2
5. 'Stupidity' and 'greed' are NOT defenses!
.
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The Backlash Cometh Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 10:14 AM
Response to Reply #5
6. Well, then. Someone needs to make that very clear.
Because it hasn't been made clear yet.
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rug Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 09:51 AM
Response to Original message
3. They are synonyms for republican.
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The Backlash Cometh Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-13-08 09:53 AM
Response to Reply #3
4. Let's not tip our hand too early.
;)
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