Word: collectivity
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Dates: during 1990-1999
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...institutions had a symbiotic relationship, according to sources inside B.C.C.I. The corrupt organization used Bank of America as an important resource in a global Ponzi scheme to collect deposits, funneling most of its cash in the U.S. into Bank of America accounts. At the same time, the flow of deposits helped prop up the struggling California bank during its hard times in the mid-1980s. "The B.C.C.I. headquarters money always flowed through Bank of America," says a former B.C.C.I. executive...
Cambridge's new conditional legalization group, the CCMC, which formed in August, just jumped into the fracy this month, getting at the issue through the legislative branch. CCMC members have begun by canvasing the city, collecting signatures on a petition in support of Senate Bill 1582, the State Medical Marijuana Bill. Organizers say they hope to collect 5000 signatures, which they will present to state Speaker of the House Charles F. Flaherty (D-Cambridge) to persuade him to support their cause...
Academic departments are also beginning to collect recovery fees for publications. The Government Department is charging $4 for junior tutorial packets to help defray the cost of copying. These packets, too, were free last fall...
Sure, these proctors try to make themselves useful. They hand out extra blue books and will fetch you a pencil. They tell you when to put your pencils down. They pass out the blank exams and collect the blue books we have filled with wisdom...
...then opens a letter of credit -- a form of financing only a bank can do -- in favor of the seller or the seller's agent and arranges to ship the parts. Because B.C.C.I. is a large bank, it can afford to pay off the seller immediately, then turn and collect a vastly larger sum from Iran...