Word: fraud
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Dates: during 1970-1979
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...Rich" are overpriced, overadmired and an indictment of the U.S. open market economy. The "Sherpas of the Subclause" are the secondary perpetrators of this financial fraud on the American public. The most guilty parties of all are the mass media. This article graphically endorses financial inequality...
...Chicago, 92 charged with mail fraud and giving false statements to welfare officials have bilked the public out of nearly $1 million. On the average, they were said to be on the take for more than three years. The purported record holder was a man who had illegally been on welfare for a decade. The Government claims one individual swindled $17,500 during a two-year period, but the mean grab for the 92 was put at $210 a month, or slightly more than $2,500 a year...
...Cars. The legal incomes of those charged with fraud in New York and Chicago vary. In the Big Apple, the range was from $7,000 to $12,000 a year; in Chicago, the average salary of the indicted came to $11,978-and a dozen made more than $15,000. One man drove two cars-a 1977 Monte Carlo and a 1976 Charger. Another had a master's degree, earned $15,000 a year and had stashed $20,000 in a bank. Many of those indicted held charge cards from some of the city's best stores; some...
Died. Tom Campbell Clark, 77, former Supreme Court Justice (1949-1967); of an apparent heart attack; in Manhattan. The genial, Texas-born Clark came to Washington in 1937 and rose quickly in the Department of Justice, where he prosecuted war fraud cases. A close associate of Senator Harry Truman, he was appointed Attorney General when Truman became President, and an Associate Justice four years later. Clark initially aroused Truman's ire by joining the court's conservative wing, but gradually moved leftward as a member of the Warren Court. He wrote several far-reaching liberal opinions, including...
...attorney waited until the Chicago Board of Trade had ended its trading for the week. Then Samuel Skinner dropped a bombshell on the world's largest commodity futures exchange. He announced four indictments ranging from mail fraud to income tax violations against one customer, one solicitor (a title analogous to stockbroker) and seven traders...