Word: fraud
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Dates: during 1950-1959
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When would-be Automaker Preston Tucker and seven associates went on trial three months ago for mail fraud conspiracy and violation of securities laws, the Federal Government marshaled an impressive amount of evidence. It brought into the Chicago court 73 witnesses and 1,000 documents in an attempt to prove that Tucker and associates had used $28 million raised in sales of stock and dealer franchises "for [their own] personal benefit and profit." The advertising of the Tucker Corp. was called a "pack of lies." None of the 34 cars made, said Govern" ment attorneys, had contained...
...This week the House Armed Services Committee, which had listened to eight days of angry Navy attacks on the B-36, concluded: the B-36 was bought on merit alone, without the slightest trace of "dishonesty, corruption, fraud or political chicanery...