Word: deposited
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Dates: during 1990-1999
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...answer. For the sixth year in a row, the home-furnishing chain is offering its Rent-a-Tree program to American customers. Conceived in Europe during the 1970s and introduced in the company's seven U.S. stores as they opened, it works like this: for $20 -- a $10 deposit and a $10 rental fee -- and a signed lease agreement, a customer can walk out with a fresh 6-to-10-ft. Douglas fir from Pennsylvania. Last year the program was a resounding success: 20,000 trees were leased. IKEA expects to rent 30,000 this year. As a bonus this...
Saccoccia wasn't as lucky -- or as careful. When his cash deposits became suspiciously large, banks tipped off the IRS. Then, in a display of cooperation rarely seen in the financial industry, 10 banks agreed to continue taking the money as federal agents watched. Saccoccia's final mistake may have been his failure, quite literally, to wash the greenbacks before laundering them. In March 1990, Saccoccia and an aide delivered to a bank $53,000 packaged in 53 bundles. The currency was tested by a cocaine-sniffing German shepherd named Basko, which promptly went "bonkers," says an agent...
There are many reasons to go the extra mile in government service, but leave it to banking regulator L. William Seidman to come up with a new one: because the White House didn't want him to. When the curmudgeonly chairman of the Federal Deposit Insurance Corporation stepped down last week at the end of a six-year term, he disclosed that he would have left last year but for the efforts of the Bush Administration to cashier...
Moreover, the company disclosed last week that it is conducting an internal investigation to see whether Optima executives, either at its operations office in Jacksonville or at Manhattan headquarters, falsified records to hide the true degree of card-holder defaults. The Federal Deposit Insurance Corp. is probing the matter as well, because the American Express Centurion Bank, which issues Optima, filed incorrect documents with federal regulators as a result of the apparent cover-up. Amex investors, who suffered from a sharp drop in the company's stock when the Optima trouble came to light, have filed a class-action lawsuit...
...Minnesota may have found the easiest method yet. Next year the state's lottery, with the help of Control Data Corp., will test-market a system linking as many as 10,000 Nintendo video-game sets to the lottery's computers via phone lines. For a $200 advance deposit, money-mad Minnesotans will be given the necessary equipment to play all the state's gambling games at home. Despite barriers to prevent betting by minors, critics question the ethics of turning a children's toy into a one-armed bandit...