Word: fraud
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Dates: during 1970-1979
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Vesco early in 1971 also gained control of International Overseas Services, the mutual-fund complex founded by Bernard Cornfeld that marketed its shares mostly to middle-income Europeans. In one of the largest security-fraud suits ever brought by the SEC, Vesco and his associates were charged last Nov. 27 with selling off $224 million worth of I.O.S.-held stocks-causing grave losses to investors-and salting the money away in banks and dummy companies that the accused controlled. Last week's indictments specify the following...
Runner-up Climan, the pre-election favorite, was too overcome after receiving his award to make a speech. "Fraud," he managed to blurb...
...chance to reply to the Arab charges, a squabble broke out between the Russian and Chinese ambassadors. Yakov Malik insisted that any resolution on the Middle East make reference to the nonuse of force in international relations. Chinese Ambassador Huang Hua denounced the Soviet proposal as "downright fraud," since "along the northern frontier of China it [the Soviet Union] has stationed a million troops to threaten China." Could this, asked Huang, "be called nonuse of force in international relations...
...genially over a Newark city council meeting one afternoon last week. Then an aide approached and whispered something into his ear. The Democratic council president paled. He bowed his head and hurried from the room. Turco had just learned that he had been indicted on ten charges of mail fraud and four counts of income-tax evasion...
...city-planning board, was sentenced to pay a $25,000 fine for violating the state security act by selling stock in his bank below its market value to political officials. In the past three years in Philadelphia, a judge has been sent to jail for nine months for check fraud, the chairman of the housing authority advisory board has been convicted of bribery and conspiracy, the stadium construction coordinator has been convicted of extortion, and the former chief court clerk has received a two-to ten-year prison sentence for robbery and fixing cases...