Word: broker
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Dates: during 1990-1999
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...gems, ranging in size from small specks to major stones, are sorted into 14,000 categories before they are cut and polished, making it nearly impossible to mark each one in a way that could be retained from mine to showroom. Says Willy Nagel, a top De Beers broker in London: "The certification of diamonds is not foolproof. Smuggling is so widespread and so difficult to combat that one way or another, the UNITA diamonds are going to get on the market...
...terminally ill or elderly person (the viator) to get money before he dies by selling his life-insurance policy at a discount. The discount, usually 10% to 40% of the policy's face value, is based on the viator's life expectancy; once the viator dies and a broker takes a commission, the investor collects the rest of the benefits. A decade ago, viaticals were embraced by the AIDS community as an ingenious way for patients to get some cash for their final days...
...North American Securities Administrators Association cited viatical scams as one of the country's top 10 financial cons. "I like a lot of people in this industry, but I don't trust a lot of them, and that's sad," says Carole Fiedler, of Sausalito, Calif., an established viatical broker who each year helps about 100 people find buyers for their policies. "I hope there's a weeding-out process...
...didn't know where to go, what to do," says Allison. If as a young broker he had been too nervous to even make trades on behalf of his clients, as a fugitive he was proving incapable of even making a decision about where...
...call. Angry fans flooded NBC with complaints, and following Game Three, Yankee Chad Curtis snubbed Gray on-air after hitting the game-winning home run. By Game Four, Yankee management had intervened to call a truce. You know you're in trouble when you need George Steinbrenner to broker your peace...