Word: fraud
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Dates: during 1980-1989
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Government prosecutors have amply proved their ability to persuade white- collar offenders on Wall Street to confess and plead guilty, but can the Feds convict anybody in a court trial? In attempting to try an important case stemming from the Ivan Boesky stock-fraud scandal, the Government is striking out. Last week the criminal stock-manipulation case against GAF and its vice chairman, James Sherman, ended in a second mistrial. After six weeks of testimony and more than 90 hours of deliberations, Federal Judge Mary Johnson Lowe decided the jury was hopelessly deadlocked...
...told, the Federal Trade Commission estimates, con artists working the phones got away with at least $1 billion last year. Other fraud experts put the total as high as $10 billion. Legislators and law-enforcement agencies have stepped up their efforts to disconnect the crooks, but at the moment they are operating almost with impunity. Says William Sullivan, chief of the Illinois attorney general's consumer-protection division: "Lawyers, doctors, policemen -- every spectrum of society is being taken...
Berlin, indicted in the investigation dubbed "Ill Wind," pleaded guilty to conspiracy to commit bribery, receiving a bribe, wire fraud and making false statements. Teledyne Industries pleaded guilty to conspiracy and two counts of making false statements in connection with a contract with one of its divisions--Teledyne Electronics of Newbury Park, Calif.--worth about $24 million...
...part of the plea agreements, prosecutors dismissed counts of bribery and wire fraud against Berlin and Teledyne. Racketeering charges had been dropped at an earlier court hearing...
...former aides to Keverian and one former House aide face state charges of fraud in connection with alleged theft of state property, including video equipment...