Word: fraud
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Dates: during 1950-1959
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...dramatic last week was Russia's announcement of a sizable cutback in its armed forces. Added to that, hardly a day passed without some new witticism from Nikita Khrushchev, some new revision of history, some political prisoner rehabilitated, some old scoundrel exposed. Every gesture may yet prove a fraud, or the Kremlin's masters-finding that small concessions lead to wider demands-may try to take it all back and revert to proved severities. But it was no longer enough to mock each concession as unreal, or to greet each one with the declaration that the Communists...
...tightly controlled by SEC under new rules proposed to Congress. Instead of merely making sellers of small (under $300,000) stock issues liable to civil suit by investors, SEC would make everyone (including company officers and technical experts) connected with such an issue liable to suit "in cases approaching fraud," thus force fullest disclosures about real prospects of company being formed...
...most of his big issues were sold out. After SEC's finding got through departmental red tape and into the Justice Department, Tellier was indicted last December for defrauding 1,400 people of $900,000 in the bankrupt Alaska Telephone Corp. Last week Tellier was indicted again for fraud: a federal grand jury in Brooklyn charged him with manipulating stock prices and with swindling Consolidated shareholders out of $15 million...
This mushroom growth has exposed the management consultant business to the withering charge that it is a fad, a fraud-and worse. In fact, says one consultant: "This isn't a profession; it's a racket." Many old corporate hands hoot at the whole business and its many fuzz-cheeked practitioners, recall that the affairs of one consult ant got so snarled up that the firm hired another to come in and tell it what...
...complete amnesty was a practical step toward holding general elections. As a two-way political maneuver it is supposed to 1) deprive the government's opponents of a major ground for crying fraud, and 2) encourage them to make a fair try at gaining power by the ballot rather than by plotting or violence. Stumpf accepted the measure in that spirit. "We are forgetting all that has happened between us and the government," he said. "From now on we shall fight the government party within the framework...