Word: actes
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Dates: during 1980-1989
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...Justice Department has decided to look into this practice, as well as into the fact that within groupings -- the Ivy League schools and the Seven Sisters, for example -- yearly tuitions tend to be similar. Presumably Justice wants to determine whether there is any violation of the Sherman Antitrust Act, which prohibits restraint of trade...
Sununu puckishly allows, "I have been known to ask provocative questions." His bad-cop act has the President's support, but Sununu has drawn fire from Congress and has left some staffers afraid to voice unpopular advice in his presence. Many consult more easily with Sununu's own good cop, deputy to chief of staff Andrew Card. Colleagues were relieved when Card decided to stay at the White House rather than run for Governor of Massachusetts...
When Congress adopted an obscure antiracketeering law in 1970, it seemed to target a particular kind of criminal: the old-school gangster wearing a fedora and a bulging shoulder holster. Nowadays, however, when federal prosecutors trigger the Racketeer Influenced and Corrupt Organizations Act, their sights are often set on a very different sort of defendant: a wealthy professional in designer pinstripes and Gucci loafers. In the nearly 20 years of its existence, RICO has evolved beyond its Mob-busting origins to become a powerful legal weapon against the upper reaches of white-collar crime. And because of its broad civil...
Significantly, 18 of the traders were charged under the often criticized Racketeer Influenced and Corrupt Organizations Act. Originally passed by Congress in 1970 to combat organized crime, RICO is increasingly being used as a battering ram against the clubby defenses of financial institutions. Because it allows prosecutors to seize all assets -- including homes, salaries and pensions -- of those indicted, many people facing a RICO count offer to inform on their former colleagues in exchange for leniency. Last week Anton Valukas, the U.S. Attorney who supervised the 2 1/2-year probe, advised both Chicago exchanges that if the RICO-charged traders...
...last week. A Manhattan jury convicted five executives of Princeton/Newport Partners and a former trader for Drexel Burnham Lambert of 63 felony counts stemming from illegal stock-trading schemes. They were fined a total of $3.8 million. The case marked the first time the Racketeer Influenced and Corrupt Organizations Act has been used against Wall Street executives, and thus lays the groundwork for the Government's prosecution of junk-bond king Michael Milken, formerly of Drexel. Since Drexel was Princeton/Newport's main partner in the illegal trades, evidence from the trial is likely to be used again, against Milken...