Word: bogus
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...Pratt & Whitney, maker of one of the most popular jet engines. We would eventually track down a New York broker who had a local machine shop copy a Pratt & Whitney part. The broker had boxes and packaging printed with the Pratt & Whitney label, except that on some of the bogus boxes the Pratt & Whitney eagle was flying into the ground. Those parts were new, but made with the wrong materials...
...safety issues. They were only unapproved parts. It was a label the FAA would rely on to blur the issue, allowing officials to talk about the investigation without appearing to endorse it or offend the repair stations, parts makers or brokers. The FAA wouldn't even use the term bogus parts. Administrator Hinson would tell Congress that "unapproved parts may fit somebody's definition of bogus parts, but we only deal in 'approved' and 'unapproved.'" Associate administrator Anthony Broderick would tell Air Transport World in 1994 that "there is no safety problem associated with undocumented parts...
...plan unraveled within two months. Only two units were "sold," prosecutors say, and a bank wire transfer of $690,000 to an account held by Rivera led to the arrests. The bogus sale price of the homes may have been the giveaway. "Generally, where there's been the fastest price appreciation is where we've seen the greatest incidents of mortgage fraud," says John Mechem, spokesman for the Mortgage Bankers Association...
...gallon of gasoline costs $5 or $6. Barack Obama was busy clinching the nomination and didn't show up for the debate (neither, for that matter, did John McCain). So, for the first couple of days of the fiasco, as the Republicans deployed parliamentary delay tactics and trotted out bogus studies that "proved" the bill would wreck the economy, the story line seemed to be this: What excuse would Reid use to get this bill off the floor...
...more than $200 million during the 1970s, Vesco fled the U.S. in 1972, on the run from charges ranging from looting to drug trafficking. His fraud finally caught up with him when a Cuban court sentenced him to prison for more than a decade for marketing a bogus pill to cure cancer and AIDS. A recently discovered burial record confirmed his death in November...