By: Audrey Zhang
In August 2005, anti-corruption officials began investigating 1Malaysia Development Berhad (1MDB) for alleged graft, triggered by reports that almost US$700 million from the lucrative deals issued for 1MDB by Goldman Sachs ended up in the pockets of Malaysia’s Prime Minister, Najib Razak. SPI investigates the alleged corruption claims and the ethical implications of Goldman’s involvement.
Goldman Sachs and 1MDB: The Players
By Haoqian Chen
Bitcoin is quite a phenomenon. This power point video gives a short history of the virtual currency. Some argue Bitcoin is evil. Is it? The video analyzes the ethics of the product and its uses.
As of today, according to Realtime, there are currently 15 million Bitcoins in circulation. At an exchange rate of US$431 to one virtual coin the amount in circulation is worth about US$6.5 trillion.
Bitcoin took off in late 2013 and hit a high of roughly US$1100 but the price has trended down although there...