Analysis of Kleptocratic Financiers' Pathways and Bureaucratic Security Exchange Commissioner's Negligence in the 21st Century (Report‪)‬

INTRODUCTION There is something inherently bothering the conscience judgments of ethicists and moralists concerning the thematic analytical aspirations of the 21st century free market economy. In reality, it is about "ethical sentiments and the world financial crisis." Who is responsible for this messy global economy and why? Answering the above questions, among all other several causes and effects, requires naming few contemporary infamous Madoffian Ponzi financial schemers as mobsters, fraudsters, gangsters, lawyers, fraudsters, business hoodwinkers, and bankrs such as Bernard Madoff who committed fraud worth $65 billion, the CEO of the Antigua-based Stanford International Bank, R. Allen Stanford, who committed fraud worth $8 Billion, the Ponzi schemer South Florida lawyer who pocketed more than $1 billion from investors in the U. S. and abroad, the hedge fund broker, Michael Berger, who committed fraud worth $20 Million, the Finn Fund CEO, Mike Fanghella, who embezzled $100 million, the Friedlander's Jupiter CEO, Iris Friedlander International Funds that was associated with the KPMG's Group which several million dollars, the hedge fund manager of Maricopa Investment Fund, David Mobley, who committed fraud worth $120 million, and the infamous lawyer Marc Dreir's scam (a so-called mini Madoff), a Ponzi schemer, who embezzled $400 million. Dreir with law degrees from Yale and Harvard desired, like the Enron CEO Kenneth Lay, who was the United States Chairman of the Energy Commission in the first term of President George W. Bush's administration, to be a distinguishable billionaire by fraud through book-cooking strategies in the energy industry. In addition, The White House reports billions of improper payments in 2009. Cohen (2009) indicated: "The 2009 total for improper payments--from outright fraud to misdirected reimbursements due to factors such as an illegible doctor's signatures--was a 37.5 percent increase over the $72 billion in 2008, according to figures provided by Peter Orszag, director of the White House Office of Management and Budget." Also, Gomstyn (2009) reported: "A German banker dubbed 'Die Robin Hood Bankerin' for stealing money from rich clients to save poorer customers from overdrawing their accounts is being cheered by some American fed up with huge overdraft fees in this country ... The banker admitted this week to moving more than $11 million from the accounts of rich clients to those of poorer ones through 117 transfers. The bank's rich clients reportedly hadn't touched their accounts in years."