Word: bogus
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Dates: during 1990-1999
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...hard to think of anyone who could resist the call of today's roaring bull market. So when agents of the Drug Enforcement Administration set out to crack a Colombian cocaine ring three years ago, they opened a fully licensed--but also fully bogus--brokerage in suburban Atlanta to get inside the drug world. Even though the customers never made a single stock trade--double-digit stock gains are paltry in contrast to 400% returns on cocaine--the sting paid off last week with federal indictments of five Colombians, who are believed to have ties to the Cali drug cartel...
Students were not entirely surprised by the retraction. Rumors have circulated for weeks that one or two of the attacks were bogus, according to junior Marni Hanlon. And Brooslin noted that the scene of the falsified crime--a public area in the center of the campus--is not a likely spot for a violent assault...
...officers of Justus Viatical, a Pompano Beach, Fla., firm, were charged with selling investors $2 million worth of fraudulently obtained life-insurance policies. Their lawyer calls the indictment a farce. And insurance heavyweights like American General and John Hancock Mutual Life have recently fought in the courts to rescind bogus policies...
...alternative medicine, the result will not be what they expect. Legitimate medical schools--and most of them are--will dispassionately dissect the alternatives and evaluate their effectiveness. In so doing, they will breed new generations of doctors who will urge patients to be skeptical about false claims and bogus science...
TIME contributor Leon Jaroff was founding editor of DISCOVER, in which his "Skeptical Eye" column skewered bogus science...