Media: Lucy Komisar

Media

Lucy Komisar is a New York City-based investigative journalist. She writes about offshore banking, corporate secrecy, international money laundering, and how they relate to corporate fraud; international corruption; the looting by dictators; financing of terrorism; international crime including arms, drug and people trafficking; and tax evasion.She has published several important books as well as reports, and many award-winning articles that set a gold standard for reporting with intelligence and integrity on  white collar financial crime.

Personal Blog “The Komisar Scoop”

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Article: How phantom shares on Wall Street threaten U.S. companies and investors

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How phantom shares on Wall Street threaten U.S. companies and investors

Lucy Komisar

The Komisar Scoop, 26 March 2020

As stocks are in free fall, a scam run by the big banks/broker-dealers for the benefit of themselves and their hedge fund clients threatens to worsen the situation of large and small American companies and investors.

It’s when the bank/broker-dealers buy stocks, pocket the money and fail to deliver to clients the shares they are supposed to settle through the national stock clearing house. In another industry that might be called embezzling.

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Article: NY DA Morgenthau wanted to end offshore bank & corporate secrecy

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NY DA Morgenthau wanted to end offshore bank & corporate secrecy

Lucy Komisar

The Komisar Scoop, 22 July 2019

Robert Morgenthau, who was the District Attorney of Manhattan for 33 years, died today at 99. He was a mortal enemy of the corrupt offshore bank and corporate secrecy system and used the fact of dollars settling in Manhattan banks to go after money-launderers throughout the world.

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Article: “Junk” explains Wall Street corruption better than most newspapers do

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“Junk” explains Wall Street corruption better than most newspapers do

Lucy Komisar

The Komisar Scoop, 1 February 2018

I have been doing investigative journalism about financial and corporate corruption for 20 years. Ayad Akhtar’s play is right on the mark.

It is based on the story of the corrupt junk bond trader Michael Milken. He got confederates to manipulate stocks so he could take over companies to loot and destroy them. It was a scandal of the 1980s. Too bad the market corruption he revealed never stopped.

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Article: Ban offshore banks with account secrecy from US correspondent accounts: Nobel laureate Joseph Stiglitz

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Ban offshore banks with account secrecy from US correspondent accounts: Nobel laureate Joseph Stiglitz

Lucy Komisar

The Komisar Scoop, 3 June 2016

Joseph Stiglitz, Nobel prize-winning former chief economist of the World Bank, says that the way to solve corruption and money-laundering facilitated by offshore banks that run secret accounts is to “shut them down.” And the way to do that is to ban non-transparent banks from US correspondent accounts. He spoke at a Council on Foreign Relations meeting today.

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Article: The Real AIG Scandal How the Game is Rigged at Wall Street’s Casino

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The Real AIG Scandal: How the Game is Rigged at Wall Street’s Casino

Lucy Komisar

AlterNet, 26 March 2009

There’s nothing like a grandstanding member of Congress to deflect attention from the real issues at hand by throwing a few juicy bones to the masses. Most legislators at a House Finance subcommittee hearing last week deftly avoided the real story of AIG’s collapse. Instead, they homed in on the public relations disaster of hundreds of top AIG officials and staff getting $165 million (later revealed as over $218 million) in bonuses.

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Article: Geithner – Treasury Nominee Failed to Halt Bond Scam

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Geithner – Treasury Nominee Failed to Halt Bond Scam

Lucy Komisar

The Komisar Scoop, 19 January 2009

U.S. Senators at Timothy Geithner’s confirmation hearing for Treasury Secretary Wednesday may want to ask him about a failure to act that is costing the U.S. a lot more than the amount he evaded on taxes.

The Federal Reserve Bank of New York, which he has led since 2003, conducts the operations on Wall Street of the Federal Reserve in Washington, the country’s central bank.

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Article: Offshore shell games threaten global financial system

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Offshore shell games threaten global financial system

Lucy Komisar

The Komisar Scoop, 17 September 2007

There’s an astonishing article in the Washington Post’s Business Section (“Risk. Now They See It. Now You Don’t.“ Sept 16, 2007)

The Post, which has never, ever, railed against tax havens, is now suggesting that their use to cheat tax authorities and investors threatens the entire global financial system. Of course, it doesn’t put it so starkly, but that’s the gist.

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